-49.90 (-3.57%) Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (Jio) has added a whopping 5,839,734 subscribers and controlled 9.29% of the telecom market as of March 31, 2017.
Last year, the company had entered highly competitive telecom space with a free preview plan that offered unlimited free 4G high-speed data, VoLTE calls, SMS and app services for a period of 6 months. The free services helped the new entrant score more that 100 million subscribers within a span of 6 months, most of which came from competitors.