India’s telecom sector is buzzing with the news of Reliance Jio’s remarkable 5.6 million active subscriber addition in April 2025, especially in a month when the industry’s overall active base actually shrank by 1.5 million.While this headline number has fuelled talk of Jio’s growing dominance, a closer look at the numbers reveals a more nuanced, two-speed market. Jio is winning the battle for subscribers, but Bharti Airtel is quietly taking the lead on revenue growth and profitability.
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