The Indian telecom sector has undergone significant consolidation, shrinking from a multitude of players to just four. Among these, only two can be considered market leaders, while the remaining two are struggling to stay afloat. Over time, the two market leaders have captured a substantial share of both the revenue and subscriber base.
This article aims to compare Indian telecom players across key dimensions of business—spectrum holdings, subscriber base, and revenue market share—across their operating circles. Such an analysis provides insights into their relative positions, highlighting the circles they are most focused on.
