Bharti Airtel, Jio’s subscriber base widen

Bharti Airtel, Jio’s subscriber base widen

Shares of Bharti Airtel on Friday gained 3.44% after telecom regulator data showed that it has gained 2.3 million more subscribers than Reliance Jio in September.
The stock gained as much as 3.44% to hit a high of Rs 496.70 a share.
According to the latest Trai data, Airtel added 3.8 million subscribers, while Reliance Jio added 1.5 million users. Vodafone Idea lost 4.6 million subscribers in the month.

Vodafone Idea was the biggest loser as it lost 4.65 million subscribers during the reported month.
MTNL and Reliance Communications lost 5,784 and 1,324 customers while on the other hand, BSNL gained 78,252 users.
The wireless subscriber base of Jio now stands at 404.1 million while Airtel has 326.6 million and 295.5 million for Vodafone Idea.

Bharti Airtel saw strong (3.8 million) gross subscriber additions for the third straight month, recouping 10 million (after a cumulative loss of 12.4 million during the lockdown). It added 3.8 million active subscribers (v/s 2.3 million in Aug’20) to reach 316 million in Sep’20. Subsequently, its gross/active SMS increased by 30bp/40bp MoM to touch 28.4%/33%.

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