Motilal Oswal: Telecom Sector Trend - Subscriber Churn Taking Place
Pedestrians use smartphones at the Nehru Place IT Market in New Delhi, India. (Photographer: Sanjit Das/Bloomberg)

Motilal Oswal: Telecom Sector Trend - Subscriber Churn Taking Place

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.

Motilal Oswal Report

The Telecom Regulatory Authority of India released data for September 2020.

The key highlights are below:

Gross subscribers increased by a mere 0.7 million month-on-month (versus 3.5 million/3.7 million in July 2020/August 2020) to 1.15 billion in September 2020.

There is a churn taking place, with Vodafone Idea Ltd. losing 4.7 million subscribers to Bharti Airtel Ltd./Reliance Jio, which added 3.8 million/1.5 million.

Active subscriber additions slowed down to 1 million (versus 1.6 million additions in August 2020), as Airtel/Reliance Jio added 3.8 million/0.7 million against a 3.4 million churn in Vodafone Idea’s active subscribers.

Click on the attachment to read the full report:

Motilal Oswal Telecom Sector Update.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 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.