TRAI July Data - Tariff Hike Leading To A Decline In Subscribers: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.The Telecom Regulatory Authority of India released the subscriber data for July 2024. The key highlights are as follows: Major SIM consolidation occurred in the rural area: The industry’s gross subscribers declined 0.9 milliom month-on-month (versus a gain of 1.6 million in June 2024), bringing the total base to 1,170 million. The decline was led by the price hike implemented by all three private telecom operators. Reliance Jio, Bharti Airtel, and Vodafone Idea Ltd. lost 0.8 million, 1.7 million, and 1.4 million subscribers month-on-month, respectively, while BSNL emerged as the winner by gaining 2.9 million subscribers month-on-month, as it did not implement any tariff hike. The active subscriber base declined 1.5 million month-on-month to 1,060 million (versus 1.3 million gain in June 24). Over the last six months, the average addition was 2.2 million per month. RJio, Bharti, and Vodafone Idea lost 0.2 million, 1.2 million, and 3 million subscribers, respectively, while BSNL gained 2.9 million subscribers. The industry’s rural subscriber base declined 1.4 million month-on-month (versus +0.7 million in April 2024) to 534.1 million, primarily due to Vodafone Idea/Bharti Airtel losing 1 million/1.8 million rural subscribers. RJio continued to lead the rural markets with an addition of 1.2 million subscribers, accounting for 39.4% share (+10bp month-on-month), followed by Bharti at 35.5% (-20bp month-on-month) and Vodafone Idea at 19.8% (-10 bp month-on-month). According to Jul’24 data, majority of the SIM consolidation occurred in rural areas..Click on the attachment to read the full report: .NTPC - A Lot Riding On Renewable Energy; Key Takeaways From NGEL’s DRHP: ICICI Securities.DISCLAIMERThis 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.

TRAI July Data - Tariff Hike Leading To A Decline In Subscribers: Motilal Oswal

Bharti Airtel, Vodafone Idea, and Reliance Jio lost subscribers while BSNL gained from them, adds the brokerage.

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