Motilal Oswal: Steady Recovery Continues In Telecom Industry Subscribers
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Motilal Oswal Report
The Telecom Regulatory Authority of India released data for August 2020.
Key highlights are as follows:
Gross subscribers increased by 3.7 million month-on-month to 1.15 billion in August 2020.
Healthy adds were reported for the second straight month (versus 3.5 million in July 2020), after a 20 million loss over March-June 2020.
Reliance Jio’s gross adds slowed to just 1.9 million; Bharti Airtel Ltd. added 2.9 million, while Vodafone Idea Ltd. lost 1.2 million.
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