Reliance Jio pips Bharti Airtel to third place

Reliance Jio pips Bharti Airtel to third place

Agency News

In a sort of cannibalism in the telecom market place kickstarted by Asia's richest man Mukesh Ambani-led Reliance Jio in India, several telecom companies either stopped working or lost their pride places in ranking.

Within a short span of three years since its launche in 2016, Jio has pipped rival Bharti Airtel to become India's second-largest operator by subscribers as of May, government data showed. Still, Vodafone Idea keeps its number one place in the list with 387.6 million customers, though the entity has lost many customers for the last several months.

By offering cheap bundles, Jio captured the market which forced several telecom companies to close its shutters. Aircel, Videocon, Loop mobile and Reliance communications are some of them.

As of the end of May, Jio 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, showed.

Bharti Airtel has lost several users over the month.