NEW DELHI: Within eight years of its launch, Reliance Jio captured a 40% share in cellphone connectivity segment of the Indian telecom market in February 2024.
The company, which started its telecom services in September 2016 with a meager 1.52% market share, outpaced its competitors significantly. State-owned Bharat Sanchar Nigam Limited (BSNL) has just a 7.7% market share in the month. In February 2024, Jio added a significant 3.5 million customers, bringing its total subscribers to 467.58 million, while Airtel added 1.5 million, increasing its total subscribers to 384.01 million.
However, the loss-making telco Vodafone Idea continues to experience a decline in subscribers, losing over 1 million subscribers and bringing its total subscribers to 220.50 million.
Since its launch, Jio has grown its market share in the wireless segment. Their market share steadily rose from 9.58% in April 2017 to 27.08% by April 2019. It reached 33.85% in April 2020 and peaked at 36.15% in April 2021. While there was a slight dip to 35.50% in April 2022, they bounced back to 37.90% by April 2023, culminating in their current dominance. Jio also secured the top spot in wireline subscribers. As of February 29, 2024, the telco holds a 35.14% market share, followed by Bharti Airtel with 25.89% and BSNL with 19.61%.
In terms of ARPU (average revenue per user), Airtel leads the industry with Rs 208, against Jio’s Rs 182 and Vodafone Idea’s Rs 145.
Sees growth in user base
Jio, which started its telecom services in September 2016 with a meager 1.52% market share, outpaced its competitors significantly. Airtel comes second in terms of subscriber base . Vodafone Idea market share falls sharply
VIL loses subscribers
Loss-making telecom service provider Vodafone Idea continues to experience a decline in subscribers, losing over 1 million subscribers and bringing its total subscribers to 220.50 million