Three years ago in September 2016, Reliance, an Indian conglomerate with a market cap of some $115 billion, launched a new mobile carrier and broadband network in India called Jio. Today, it’s become the largest telco operator in India surpassing old horses like Bharati Airtel and Vodafone-Idea. In its recently released quarterly report, the company said its mobile subscriber base has grown to 331.3 million users across the country. Jio pipped rival Vodafone-Idea whose subscriber base fell to 320 million from 334.1 million this quarter. While Airtel is yet to release its quarterly figures, its subscriber base in May was 320.6…

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