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For Reliance Jio, Bharti Airtel is only the symptom

By Rohin Dharmakumar in BFO #247, 22 Mar, 21

No one thought it could happen. Then it did. 

In August 2020, Bharti Airtel, India’s second largest telecom operator beat Reliance Jio, its largest rival, on a vital metric: net subscriber additions. It added nearly 2.9 million subscribers in August compared to Jio’s 1.86 million.

Everyone thought it was an aberration. That Jio had temporarily suffered a blip.