Reliance Jio seen overtaking Vodafone Idea, Airtel to become India’s largest telecom firm by 2018-end2 min read 22 Oct 2018, 06:23 AM IST
Reliance Jio’s growth, as compared to rivals Airtel and Vodafone Idea, should please RIL shareholders, but elevated costs indicate Reliance Jio is yet to impress on profitability and net earnings
If the strong subscriber addition continues at Reliance Jio Infocomm Ltd, it may soon emerge as the leading wireless telecom company in India. Reliance Jio’s net revenue may have crossed Bharti Airtel Ltd’s wireless revenue in India last quarter, according to analysts at Kotak Institutional Equities Research. If the Reliance Industries Ltd (RIL) unit maintains the momentum, then it may emerge as the largest telecom company as early as the end of 2018.
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