Bharti Airtel, Vodafone Idea halt Reliance Jio’s march in metros; key things to know

By: |
Updated: November 27, 2018 1:33:25 PM

Telecom majors Bharti Airtel, Vodafone Idea have successfully managed to halt billionaire Mukesh Ambani-led Reliance Jio's march in major metros in the latest quarter.

Mukesh Ambani-led RJio’s rural growth got a major fillip after the launch of its latest Jio Phone 2 for just Rs 500, which also offers 4G services.

Telecom majors Bharti Airtel, Vodafone Idea have successfully managed to halt billionaire Mukesh Ambani-led Reliance Jio’s march in major metros, according to data from Trai and analyst reports. Notably, Jio is still showing strong growth momentum in two-tier states and rural markets. Interestingly, Reliance Jio’s surging AGR (Adjusted Gross Revenue) comes on the back of its 4G coverage in C- category circles, where other players have not been able to launch similar services. RJio’s rural growth also got a major fillip after the launch of its latest Jio Phone 2 for just Rs 500, which also offers 4G services. We take a look at key stats to know from the latest quarter for Reliance Jio, Bharti Airtel and Vodafone-Idea.

Also read: Share market LIVE updates: Sensex, Nifty slips into red on sell-off in metal, pharma stocks; Yes Bank slips 2%

Key things to know about AGR’s in latest quarter

  • In the July-September Jio was the market leader in 11 circles in terms of AGR. Out of the total of 11 circles, 7 were B circles, while the remaining 4 were C circles.
  • Reliance Jio’s total AGR grew 15.9% on quarter. Robust growth of 19.9% was observed in case of C circles, while the growth in metros was flat.
  • In the quarter ended September, Bharti Airtel emerged as the leader in 6 circles. Out of the total of 6 circles, 1 was in a metro,  3 were A circles, while the remaining 2 were C circles.
  • Bharti Airtel’s total AGR dropped 3% on quarter. In 7 B & C cricles, the AGR dipped by 11%. Robust growth was observed in metros, as AGR in Delhi grew by 20.5% and in Mumbai, it grew by 21.6%.
  • Vodafone-Idea was the leader in 5 circles– 2 in metro and A circle, and 1 B circle.
  •  Vodafone-Idea’s total AGR fell 6.2% in the latest quarter. The firm has posted robust growth in Delhi with AGR growing at 27.3% on quarter. However, in all other 21 circles, the firm’s AGR declined.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Apple launches free coding education program for students
2Web check-in: IndiGo’s charge under government scanner
3Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC