Reliance Industries' telecom unit Jio pipped rival Bharti Airtel to become India's second-largest operator by subscribers as of May, government data showed. Jio, controlled by Asia's richest man Mukesh Ambani, has disrupted the telecom industry in the country since it was launched in 2016, offering cheap bundles and prompting shutdowns.
As of the end of May, the operator had added 8.2 million users since April to end the month with 323 million wireless customers, data from the Telecom Regulatory Authority of India (TRAI), showed. The data was published on Friday.
The TRAI data also showed that the total number of wireless subscribers in the country marginally declined from 1,162.30 million to 1,161.86 million. The regulator also revealed that as of May 31, the private operators accounted for 89.72 percent of the total cellular subscribers in the country, whereas the state-owned BSNL and MTNL had a 10.28 percent market share.
According to TRAI, Vodafone Idea has 33.36 percent of the market share, followed by Reliance Jio with 27.80 percent and Bharti Airtel with 27.58 percent. BSNL and Tata Tele have 9.98 percent and 0.30 percent market share, respectively.
Reliance Industries is expected to post quarterly results later in the day. The company has been betting big on the unit as it diversifies from its core oil and gas operations.
Written with inputs from Reuters