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Showing posts with the label Reliance Jio may soon overtake Vodafone as second largest urban telco: Report

Reliance Jio may soon overtake Vodafone as second largest urban telco: Report

Vodafone has 95 million subscribers in urban areas, while Reliance Jio has already reached 90 million subscribers. NEW DELHI: Mukesh Ambani-led  Reliance Jio  is on track to overtake  Vodafone  India to become India's second-biggest operator in terms of subscribers in urban areas, according to a note by  IIFL , which analysed the  Trai 's latest data. “RJio has almost become the second-largest urban telecom operator by subscribers and has similar number of rural subscriber as BSNL,” IIFL's GV Giri was quoted as saying by a Business Line report. Vodafone has 95 million subscribers in urban areas, while Reliance Jio has already reached 90 million subscribers. IIFL said that Bharti  Airtel  is still the top operator in urban areas with 140 million users. In India, there are 680 million urban subscribers. Giri said that Jio's urban subscriber base was marginally below Vodafone’s as of June. "We estimate RJio to have overtaken Vo...