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MOSL: TELECOM: Subscriber base consolidates; RJio leads the growth

TELECOM: Subscriber base consolidates; RJio leads the growth

 

The Telecom Regulatory Authority of India (TRAI) released subscriber data for Sep’21. Here are the key highlights: 

• Gross subscriber base for the industry fell steeply (20.7m) to 1,166m on account of a 19m decline in RJio’s gross subscriber base due to a cleanup of inactive subscribers. However, active subscribers grew by 3.9m to 996m (2.4m additions in Aug’21).
• While active subscribers for both Bharti/VIL remained fairly flat at 347m/236m, RJio continued its strong addition of 4.7m subscribers (4.1m in Aug’21). RJio continues to lead, with an active subscriber share of 35.7% v/s 34.8% for Bharti. As a result, total VLR for RJio improved by 460bp to 83.65% in Sep’21.
• Bharti’s gross/active subscribers remained flat at 354m/347m v/s average additions of 2-3m in the last couple of months. While its gross subscriber market share improved to 30.4% v/s 29.8% in Aug’21, its active subscriber share declined by 20bp to 34.8%. 4G subscriber additions too witnessed sluggish growth and grew by 1m to 203m v/s a steady run-rate of 4m.
• VIL’s gross/active subscribers continued to decline at 1.1m/0.8m to 270m/236m, albeit at a slightly slower pace. 4G subscriber additions, which grew in May-Jun’21, declined by 1.2m.
• While gross subscribers for RJio fell steeply (19m) to 425m, it continued its lead in active subscriber additions at 4.7m to 355m, increasing its market share by 30bp to 35.7%. 4G subscribers too declined by 19m.