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ICICI Securities Report
The Telecom Regulatory Authority of India has released its monthly data on subscribers for June 2021.
Industry-active subs rose by 1.4 million with Bharti Airtel Ltd.'s net add bouncing to 2.4 million, which however means it has not entirely recovered the loss of May 2021.
Reliance Jio's net add stood at 2.4 million and we see the impact of JioPhone offer subsiding.
Industry-wide mobile broadband subs rose by 11.1 million with Airtel's addition was at 4.3 million, which is much higher than the May-21 loss.
Airtel's mobile broadband sub market share improved by 29 basis points to 28.8% on active basis, while RJio's declined by 26 bps to 50.6%.
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