Reliance is estimated to have raced past Idea Cellular in the December quarter, just 16 months after its commercial launch. It’s been only 16 months since Reliance Jio Infocomm Ltd launched commercial operations, but it may have already overtaken Idea Cellular Ltd on revenue. In comparison, Idea Cellular is expected to report revenue of around Rs6,700 crore, based on consensus Street estimates. Idea Cellular had launched operations in 1997 and it wasn’t until 2014 that it reached a similar size in revenues terms. In other words, what took Idea Cellular 17 years to accomplish, Reliance Jio has done in 16 months.

Source: Mint January 23, 2018 02:03 UTC