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Motilal Oswal Report
The Telecom Regulatory Authority of India has released subscriber data for January 2023. Below are the key highlights:
The industry-wide gross subscriber base remained flat month-on-month in Jan-23 at 1,143 million (flat in the last five months), mainly due to a continued drop in Vodafone Idea Ltd.'s subscriber base. Surprisingly, despite weak gross subscriber adds, active subscribers increased by 3.9 million mnth-on-month to 1,025 million (versus 8.6 millio increase in Dec-22).
Bharti Airtel Ltd. /Reliance Jio added 1 million/3 million subscribers month-on-month, whereas Vodafone Idea lost 0.5 million subscribers month-on-month.
Total requests for mobile number portability have been consistently increasing, particularly in the last six months, validated by a higher churn and SIM consolidation. MNP requests in Jan-23 stood at 12.4 million (versus 12.5 million in Dec-22), representing 1.2% of total active subscribers (versus 0.9% in Jan-22).
Industry-wide 4G subscriber adds stood at 6.2 million (versus 6.2 million in Dec 22), below the average 8-10 million adds seen last year. The total subscriber count has increased to 805 million. Bharti Airtel added 2.8 million subscribers, higher than RJio's 1.7 million and Vodafone Idea's 1.1 million.
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