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Aliasgar Shakir
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MOSL: TELECOM-RJio only player to add subs; Bharti surprises with healthy MBB subs adds

TELECOM: RJio only player to add subs; Bharti surprises with healthy MBB subs adds

 

The Telecom Regulatory Authority of India (TRAI) has released subscriber data for May’19. Key highlights:

  • Industry gross subscribers declined by 0.4m MoM to 1.16b in May'19. Notably, RJio was the only player to add subscribers in the month (+8.2m). On the other hand, Bharti/Vodafone Idea's (VIL) gross subscribers declined by 1.5m/5.7m.
  • Active subscriber base declined by 2.2m MoM to 997.5m in May'19, led by Bharti (-4.2m) and VIL (-5m). RJio was again the only player to add active subscribers (+6.9m), but the pace of addition continued slowing down.
  • At the gross level, RJio's 323m subscribers surpassed Bharti's 320m. VIL's gross subscriber base stood at 388m. However, RJio's active subscriber base stood at 272m, much below Bharti/VIL's 320m/337m.
  • Broadband subscriber adds stood at 14.5m in May'19 (+3.6m in Apr'19), reaching 563m (56.4% of the active subscriber base).
  • RJio continued adding MBB subscribers (+8.2m) at a healthy pace. Bharti also witnessed healthy adds of 6.89m. However, Vodafone Idea witnessed a marginal decline in MBB subscribers, possibly indicating SIM card consolidation.
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Motilal Oswal
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Aliasgar Shakir

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