ICICI Securities: Reliance Jio Losing Mobile Broadband Subscribers’ Market Share
A passenger sits using a mobile phone at Mumbai Central Train Station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Reliance Jio Losing Mobile Broadband Subscribers’ Market Share

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 mobile number portability for September 2020.

Industry active subs rose by 1.0 million with Bharti Airtel Ltd. leading the net add with 3.8 million subs.

Mobile broadband subs addition stood at 9.5 million, with highest addition again for Airtel at 7 million.

Airtel’s MBB subs market share rose 75 basis points to 26.4% while Reliance Jio’s dipped 60 basis points to 51.4% on active basis.

Click on the attachment to read the full report:

ICICI Securities Telecom Subs Watch.pdf

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