Steady Active Telecom Subscriber Additions Continue - TRAI Data - Key Highlights: Motilal Oswal
Passengers use smartphones at Mumbai Central railway station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Steady Active Telecom Subscriber Additions Continue - TRAI Data - Key Highlights: Motilal Oswal

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 December 2020. Here are the key highlights -

The industry saw strong active subscriber growth. Reliance Jio and Bharti Airtel ltd. steadily added subscribers, even as the pace of loss continued for Vodafone Idea Ltd.

The subscriber base for the industry as a whole is now just 1.4% lower than pre-Covid-19 levels at 989.1 million in March 2020.

Gross subscribers decreased by 1.4 million month-on-month (after adding 14.5 million over July-November 2020) to 1.15 billion in Dec-20, led by a steep fall in Vodafone Idea, but partially offset by Airtel/RJio.

Active subscribers increased by 7 million in Dec-20 to 975 million.

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 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.