Reliance Jio adds 5.9 million users in September
Industry shows signs of
stabilisation, as incumbent operators manage to expand their wireless broadband
user base
LATEST
NEWS : Reliance
Jio is witnessing continued momentum in subscriber additions even after
the company raised tariffs in July. The company added 5.9 million customers,
the highest among all telecom operators, in September to take its user base to
138.61 million.
The Mukesh Ambani-owned company had added 4.1 million
subscribers in August.
According to a report by UBS, Reliance Jio’s active
subscriber base grew by 7.3 million in September after slowing down to 2.2
million in August.
Reliance Jio’s market share increased to 11.7 per cent at the
end of September. The incumbent operators have also been able to expand their
wireless broadband user base, indicating the industry is stabilising.
The Telecom Regulatory Authority of India (Trai) has put out data
that shows Airtel gained one million subscribers in September and its market
share increased to 23.8 per cent. Vodafone’s market share remained unchanged at
17.5 per cent although it lost 0.7 million subscribers. Idea Cellular lost 0.9
million subscribers in September yet its market share remained stable at 16.1
per cent. Smaller operators registered a cumulative net loss of 8.1 million
subscribers during the month.
“The strong growth in subscribers for Reliance Jio, with
incumbents holding on to their market shares, supports our thesis that a large
part of Reliance Jio’s share gains will come at the expense of smaller
operators without 3G/4G networks. The continued success of Reliance Jio in
garnering new subscribers suggests the pricing environment in the sector should
stabilise,” UBS said.
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