Bharti Airtel Regains Number One Operator Spot By Active Subscribers: ICICI Securities
A vendor arranges Bharti Airtel Ltd. SIM card packets at a stall in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Bharti Airtel Regains Number One Operator Spot By Active Subscribers: ICICI Securities

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.

ICICI Securities Report

The Telecom Regulatory Authority of India has released its monthly data on subscribers and MNP (mobile number portability) for October 2020.

Industry active subs rose by 2.5 million with Bharti Airtel Ltd. leading net add with 3.0 million subs.

Mobile broadband subs addition stood at 8.1 million, with highest addition again for Airtel at 4.1 million.

Airtel’s MBB subs market share rose 37 basis points month-on-month to 26.8% while Reliance Jio’s dipped 40 basis points to 51% on active basis.

Airtel has regained market leader position by active subs. MNP churn remains high at 0.8% and we see Airtel poised to gain from it.

Click on the attachment to read the full report:

ICICI Securities TRAI Subs Oct 2020.pdf

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