Bharti Airtel Pips Reliance Jio In Subscriber Additions: Motilal Oswal
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Motilal Oswal Report
The Telecom Regulatory Authority of India released subscriber data for October 2020. Here are the key highlights -
The trend seen in the last three months sustained as Bharti Airtel Ltd. continued to lead in gross, active, and 4G subscriber additions, piping Reliance Jio and eating into Vodafone Idea Ltd.’s share.
Gross subscribers increased by 3.2 million month-on-month to 1.15 billion in Oct-20.
Active subscribers rose by 2.5 million in Oct-20 to 961 million (28 million below its March-20 peak), highlighting subscriber consolidation in the sector.
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