TRAI February Data - Gross, 4G Subscribers Continue To Grow: Motilal Oswal

Motilal Oswal Report

The Telecom Regulatory Authority of India has released the subscriber data for February 2024. The key highlights are as follows:

Gross subscriber base showing healthy momentum:

The industry’s gross subscriber addition was healthy at 3.9 million month-on-month (versus +2.2 million in January 2024), taking the total base to 1,165 million. The additions were led by Reliance Jio and Bharti Airtel Ltd., which added 3.6 million/1.5 million subscribers month-on-month. Vodafone Idea Ltd. lost 1.0 million subscribers month-on-month (versus 1.5 million loss in January 2024).

The active subscriber base grew by 1.5 million month-on-month to 1,052 million (versus +2.7 million adds in Jan-24).

For the last nine months, growth in the active subscriber base has slowed to an average addition of 1.0 million per month. RJio and Bharti Airtel continued to gain by 1.2 million/1.5 million month-on-month (versus 1.1 million/3.6 million in Jan-24). Vodafone Idea lost 1.1 million subscribers (versus 1.7 million in Jan-24).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.