Small telcos' revenue declined up to 24% due to Reliance Jio
Following the launch of Mukesh Ambani-led Reliance Jio in September last year, smaller telecom companies have seen a decline of as high as 22-24% in their revenues. Additionally, revenues of large companies such as Bharti Airtel saw a decline of 10%. Further, since Jioâs launch, Tata Teleservices, Reliance Communications, and Aircel have all lost market share. 