Reliance Jio was the leading company with a wireless telecom subscriber base of over 424.5 million across India as of December 2022. The south Asian country was the second-largest telecom market worldwide. The number of mobile subscribers in India amounted to around 1.14 billion in 2022. The country also achieved a 100 percent digitalization of the cable television network in 2019.
Reliance Jio
Reliance Jio is the subsidiary of Jio Platforms, the digital services segment of the Reliance Industries. The company only operates a 5G and LTE network and does not offer 2G or 3G services. Launched in December 2015 as Jio soft, it became publicly available in September 2016. The company was the largest mobile operator across India at the end of 2022, and the third largest network operator in the world. At the end of financial year 2023, the operating revenue of Reliance Jio was around 1.2 trillion Indian rupees.
Telecom sector outlook
The telecom equipment sector revenue was estimated to be around 26 billion U.S. dollars in 2020. The number of internet subscribers doubleed by 2021. A compound annual growth rate of over 18 percent was forecast for the mobile value-added services within the country.
