RJio and Airtel poised to corner 83 percent revenue share by FY26

RJio and Airtel combined are set to increase their revenue share from 78 percent in FY24 to 83 percent in FY26, according to a recent CLSA study. “Vi’s lower 5G spectrum and delayed 5G rollout could still trigger further share consolidation with RJio and Bharti rapidly ramping up 5G services,” CLSA said.

Telecom sector revenue in FY24 stood at Rs 2.40 lakh crore. RJio’s revenue was Rs 99200 crore, Bharti Airtel’s Rs 88700 crore, and Vi’s Rs 37700 crore.

CT Bureau