Market concentration in the country's telecom sector continues to .scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea.
The combined revenue (or net sales) share of the country's top two telecom operators Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 percent in FY23 from 70.4 percent in FY22 and around 60 percent in FY20.
The net sales of Reliance Jio and Bharti Airtel India were ₹1.67 trillion in FY23, up 18.6 percent from the ₹1.4 trillion a year earlier. In the same period, the industry's net sales were up 16.2 percent to ₹2.32 trillion from around ₹2 trillion in FY22.
This story is from the June 13, 2023 edition of Business Standard.
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This story is from the June 13, 2023 edition of Business Standard.
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