Reliance Jio dominated subscriber additions in July, adding over 1.17 crore customers while other operators combined added only 11.53 lakh. Reliance Jio's massive subscriber growth and low pricing helped it create an effective monopoly in the saturated Indian telecom market. Reliance is raising up to $3 billion in additional debt to manage upcoming debt maturities of $13 billion in the next three years, extending its strategy of tapping cheaper debt to invest in its businesses and financial assets.