Bharti Airtel’s Execution Impressive; Vodafone Idea Shows Sign Of Stability - TRAI Data: ICICI Securities
A man uses mobile phones in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Bharti Airtel’s Execution Impressive; Vodafone Idea Shows Sign Of Stability - TRAI Data: 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 for January 2021.

Industry-active subscribers rose 3.3 million with Bharti Airtel Ltd. net add strong at 6.9 million; Reliance Jio lost 3.4 million subscribers which explains its renewed aggression to push Jio Phone.

Vodafone Idea Ltd. fared well with subscriber dip of only 0.3 million.

Mobile broadband subscriber addition stood at 9.8 million with highest addition again for Bharti Airtel at 5.5 million.

In the past 12 months, Airtel’s subscriber addition has outpaced Jio in active and MBB.

Click on the attachment to read the full report:

ICICI Securities Telecom Subs Watch.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.