Bharti Airtel Pips Reliance Jio In Subscriber Additions: Motilal Oswal
Pedestrians use smartphones near advertising for Reliance Jio Infocomm Ltd. in New Delhi, India. (Photographer: Sanjit Das/Bloomberg)

Bharti Airtel Pips Reliance Jio In Subscriber Additions: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Motilal Oswal Telecom Sector Update.pdf

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