Vodafone Idea: “Industry’s active subs fell by 0.6 million in June 2023, led by decline of 2.5 million/0.5 million for VIL/BSNL,” analysts from JM Financial said.
According to subscriber data released by the Telecom Regulatory Authority of India (Trai) for the month of June, Reliance Jio added 2.3 million active users while Bharti Airtels additions were muted at 0.1 million. “VIL s 2.5 million active subscriber decline was at a 10-month high indicating continued market share shifts towards Bharti/Jio,” analysts from Jefferies noted.
Telecom sector’s aggregate gross revenues (AGR) are expected to grow at 11-12% CAGR over FY23-26.Like in Q1, AGR growth in the next three years will be driven
The telecom tariff hike may be delayed till after the general elections in May 2024 but when it comes in, it can quickly change the market structure in favour of RIL, the brokerage has said in its latest report
Airtel plans to take 5G services to 300 cities by March ’24 from 70 at present.Airtel will also expand its coverage into 60,000 new villages and 40,000 community clusters