Motilal Oswal: India Telecom Industry Sees Limited Recovery From Lockdown; MBB Subscribers Additions Turn Positive

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 (TRAI) has released subscriber data for May 2020.Following sharp decline in the subscriber base, the partial lifting of the lockdown led to limited recovery. It remains to be seen whether subscribers will have returned to prior levels in June 2020 or the market will have seen permanent 3% consolidation.Here are the key highlights:Industry gross subscribers shrank by 5.6 million month on month to 1.14 billion in May 2020 (versus 8.2 million loss in April 2020).Bharti Airtel Ltd. /Vodafone Idea Ltd. each lost 4.7 million, while Reliance Jio added 3.7 million subscribers.On the other hand, the industry recovered, albeit slowly, by 2.9 million active subscribers (after a steep drop of 31.2 million was posted in April 2020).It reached 960.8 million (up 0.3% MoM), led by 6.2 million additions by RJio and languishing subscribers for Bharti Airtel /Vodafone declining by 0.2 million/2.8 million.This reflects the subscribers are yet to recover from the impact in April 2020..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Motilal Oswal: India Telecom Industry Sees Limited Recovery From Lockdown; MBB Subscribers Additions Turn Positive

Motilal Oswal: India Telecom Industry Sees Limited Recovery From Lockdown; MBB Subscribers Additions Turn Positive

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