Reliance Jio Infocomm has surpassed Bharti Airtel to become the second largest telecom operator

Reliance Jio Infocomm has surpassed Bharti Airtel to become the second largest telecom operator in terms of adjusted gross revenue (AGR) in the quarter ended June, latest data from the sector regulator show.
Mukesh Ambani-owned Jio recorded an AGR from access services — or revenue derived from licensed services — of Rs 7,125 crore for the June quarter, up 14.6% from the previous quarter, while Airtel’s AGR fell 5.1% quarter-on-quarter to Rs 6,723 crore, according to the quarterly financial data released by Telecom Regulatory Authority of India (Trai) on Wednesday.
The development underlines strong growth of the new entrant and declining strength of the erstwhile market leader. Jio had surpassed Vodafone and Idea CellularNSE -0.74 % individually in the January-March quarter, but would lag behind them now since the two merged to form Vodafone Idea at end of August.
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