Mumbai, July 3 -- Reliance Jio continued its outperformance in active subscriber additions, which bodes well for the overall tariff outlook of the telecom sector, according to a report by Jefferies.

The report highlighted that over the past 12 months, Jio's active subscriber market share has increased by 150 basis points (bps) to 53 per cent. This growth was largely driven by a 200 bps market share gain in B-Circles.

It said, "Jio's continued outperformance vs. Bharti on active subscriber additions augurs well for the sector's overall tariff outlook".

The increase in active subscriber base resumed in May 2025 after a brief dip in April. With this, calendar year-to-date (CYTD) additions reached 19.7 million.

Jefferies noted that this w...