Reliance Jio had reported revenues of Rs6,140 crore for the September quarter, with an implied paid subscriber base of around 131 million. Based on reported gross revenue numbers, Jio accounted for a 14.5% share of India’s wireless telecom market in the second quarter (Q2). To that extent, it makes more sense to look at adjusted gross revenues (AGR), which captures net revenues accruing to each company. Ltd said in a note to clients, “Jio’s gross revenue market share (RMS) was 14.5% in 2Q18 as it booked revenue for two quarters in 2Q18. As such, Jio may end up with an even higher market share in Q3 than what was reported in Q2.

Source: Mint November 29, 2017 01:52 UTC