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Business Standard
19 hours ago
- Business
- Business Standard
Over 99% new telecom subscribers join Reliance Jio, Airtel network in May
The total number of telecom subscribers in India grew marginally to 1,207 million in May, with Reliance Jio and Bharti Airtel adding over 99 per cent of new customers during the month, according to data published by sector regulator Trai on Friday. The total net subscriber addition by telecom service providers was 4.36 million, while Reliance Jio and Bharti Airtel jointly added 4.35 million, thereby accounting for 99.84% of the total net subscriber addition in May. The overall growth in subscriber base was offset by losses incurred by debt-ridden Vodafone Idea (Vi) and public sector firms BSNL and MTNL. India's total telecom subscriber base grew to 1,207 million, with landline connections rising by 3.34% to 38.6 million and mobile connections increasing to 1,168.4 million in May. The subscriber base in April was 1,203 million. Reliance Jio dominated the mobile subscriber base — including 5G FWA (fixed wireless access) connections — with a 40.92% share and a net addition of 2.7 million customers, taking its total wireless base to 472.4 million. Bharti Airtel held a 33.61% share, with a net addition of 275,000, bringing its total subscriber base to 390 million in May. Vi lost 274,000, BSNL 135,000, MTNL 470,000 and Reliance Communications lost 30 mobile subscribers in May. In the wireline segment, Reliance Jio led with a net subscriber addition of 1.276 million, followed by Bharti Airtel, which added around 99,000 million new subscribers. Tata Teleservices added 4,890, Vi 1,795, and STPL 252 new subscribers. State-run MTNL was the biggest loser of fixed-line customers in May, losing 66,834 while BSNL lost over 46,000 customers. The total number of broadband subscribers in the country reached 974.8 million in May. Reliance Jio and Bharti Airtel submitted internet subscription data in the required format to the Telecom Regulatory Authority of India after a five-month gap. Reliance Jio led the broadband segment with 494.4 million subscribers (including both mobile and wireless segments), followed by Bharti Airtel with 302 million, Vi 126.6 million, BSNL 34.3 million, and Atria Convergence 2.32 million. The 5G FWA subscriber base declined to 7.4 million in May from 7.5 million in April due to Reliance Jio shifting over 1 million Fixed Wireless Access - Unlicensed Band Radio (FWA-UBR) subscribers to the FTTx category, which falls under the fixed-line segment.
Time of India
a day ago
- Business
- Time of India
India's mobile services revenue to grow to $39.3 bln in 2029: Report
New Delhi: India's mobile services revenue is expected to increase at a compound annual growth rate (CAGR) of 5.4% to $39.3 billion in 2029 from $30.2 billion in 2023, boosted by the continued rise in service penetration, especially in rural and underserved markets and growth in the 5G-led mobile data services segment, a report said. Mobile voice service revenue though is set to fall at 2.5% annually, due to the growing consumer preference for internet-based communication services, bundling of free voice minutes with mobile service plans, analytics firm GlobalData said. It added that this would lead to a drop in the voice average revenue per user (ARPU) levels. But mobile data services will offset that drop to help the total mobile services market to maintain strong growth till 2029, GlobalData said. Mobile data service revenue is expected to increase at 9.3% CAGR between 2024 and 2029, driven by growing availability of 4G and 5G networks across the country, and increasing consumption of mobile data as adoption of higher-ARPU yielding 5G data plans rises. 'The average monthly data usage over mobile networks is forecast to increase from 23.9GB in 2024 to 51.5GB in 2029, driven by the growing consumption of online video and social media content over smartphones, on the back of data-centric packages offered by telcos,' said Hrushikesh Mahananda, a telecom research analyst at GlobalData. The firm said that while 4G will remain the leading mobile technology in terms of subscriptions till 2026, 5G subscriptions will surpass 4G to account for 67% share of the total mobile subscriptions in 2029, driven by ongoing 5G expansions. The surge in 5G subscriptions will also be helped by increasing demand and wider availability of 5G-enabled smartphones and promotional 5G plans with value-added benefits. The research forecast market leader Reliance Jio will lead the telecom market in India through 2029 given its extensive 4G network coverage and 5G deployments across the country. 'India's mobile services landscape is undergoing a rapid transformation, with 5G emerging as the key growth engine amid declining traditional voice revenues," Mahananda added. He said the ramp up in 5G deployments and data-centric offerings has set the market for sustained rise in both usage and revenue. Operators that leverage this data-driven shift and invest in rural penetration and digital inclusion will be best positioned to lead in the evolving connectivity ecosystem, GlobalData said.
Time of India
a day ago
- Business
- Time of India
Mobile services revenue to grow to $39.3 billion in 2029 vs $30.2 billion in 2023: Report
India's mobile services revenue is expected to increase at a compound annual growth rate (CAGR) of 5.4% to $39.3 billion in 2029 from $30.2 billion in 2023, boosted by the continued rise in service penetration, especially in rural and underserved markets and growth in the 5G-led mobile data services segment, a report said. Mobile voice service revenue though is set to fall at 2.5% annually, due to the growing consumer preference for internet-based communication services, bundling of free voice minutes with mobile service plans, analytics firm GlobalData said. It added that this would lead to a drop in the voice average revenue per user ( ARPU ) levels. But mobile data services will offset that drop to help the total mobile services market to maintain strong growth till 2029, GlobalData said. Mobile data service revenue is expected to increase at 9.3% CAGR between 2024 and 2029, driven by growing availability of 4G and 5G networks across the country, and increasing consumption of mobile data as adoption of higher-ARPU yielding 5G data plans rises. 'The average monthly data usage over mobile networks is forecast to increase from 23.9GB in 2024 to 51.5GB in 2029, driven by the growing consumption of online video and social media content over smartphones, on the back of data-centric packages offered by telcos,' said Hrushikesh Mahananda, a telecom research analyst at GlobalData. The firm said that while 4G will remain the leading mobile technology in terms of subscriptions till 2026, 5G subscriptions will surpass 4G to account for 67% share of the total mobile subscriptions in 2029, driven by ongoing 5G expansions. The surge in 5G subscriptions will also be helped by increasing demand and wider availability of 5G-enabled smartphones and promotional 5G plans with value-added benefits. The research forecast market leader Reliance Jio will lead the telecom market in India through 2029 given its extensive 4G network coverage and 5G deployments across the country. 'India's mobile services landscape is undergoing a rapid transformation, with 5G emerging as the key growth engine amid declining traditional voice revenues," Mahananda added. He said the ramp up in 5G deployments and data-centric offerings has set the market for sustained rise in both usage and revenue. Operators that leverage this data-driven shift and invest in rural penetration and digital inclusion will be best positioned to lead in the evolving connectivity ecosystem, GlobalData said.
Time of India
a day ago
- Business
- Time of India
Vodafone Idea shares surge over 15% in 4 days: Here's why
Vodafone Idea shares rallied over 15% in the past four trading sessions to Rs 7.55, driven by reports of a major fund-raising effort and expectations of potential government relief on dues. According to a Bloomberg report earlier this week, Vodafone Idea is in talks to raise about Rs 25,000 crore ($2.9 billion) in loans to strengthen its network and compete more effectively with rivals Reliance Jio and Bharti Airtel . The State Bank of India is expected to lead a consortium of lenders, with the loan likely to be a mix of domestic and foreign borrowings, and a tenure of around 10 years, the report said, citing unnamed sources. Backed by billionaire Kumar Mangalam Birla, Vodafone Idea had previously delayed fund-raising due to concerns over its financial health and large outstanding dues to the government. However, with growing subscriber losses and signs of possible government support, the company has revived its efforts. Also Read: 73% down and still no bottom! Will Ola Electric break Rs 38 and slide to Rs 31? A successful loan deal would help the telco fund capex and accelerate network rollout, potentially aiding its turnaround strategy. Investor sentiment has also been lifted by reports that the Indian government may offer relief on Vodafone Idea's Rs 84,000 crore in dues, including adjusted gross revenue (AGR) liabilities. Some media reports suggest the government is considering extending the repayment tenure from six to twenty years. However, in an exchange filing on 24 June 2024, Vodafone Idea clarified, "We have not received any communication from the government in relation to the above-reported matter. As and when there is any development that requires disclosure, we will do the needful." Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60% In May, Vodafone Idea's board had approved a plan to raise Rs 20,000 crore through a mix of equity and debt. The recent reports of bank-led loan discussions indicate further funding plans may be underway. In April, the government raised its stake in the company to 48.99% after converting spectrum-related dues into equity. On 18 June 2025, Vodafone Idea announced a partnership with U.S.-based AST SpaceMobile to bring direct-to-device (D2D) satellite connectivity to India. The move is expected to support network coverage, especially in remote areas, and is part of the company's broader technology upgrade plans. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Vodafone Idea shares surge over 15% in 4 days: Here's why
Vodafone Idea shares rallied over 15% in the past four trading sessions to Rs 7.55, driven by reports of a major fund-raising effort and expectations of potential government relief on dues. ADVERTISEMENT According to a Bloomberg report earlier this week, Vodafone Idea is in talks to raise about Rs 25,000 crore ($2.9 billion) in loans to strengthen its network and compete more effectively with rivals Reliance Jio and Bharti Airtel. The State Bank of India is expected to lead a consortium of lenders, with the loan likely to be a mix of domestic and foreign borrowings, and a tenure of around 10 years, the report said, citing unnamed sources. Backed by billionaire Kumar Mangalam Birla, Vodafone Idea had previously delayed fund-raising due to concerns over its financial health and large outstanding dues to the government. However, with growing subscriber losses and signs of possible government support, the company has revived its efforts. Also Read: 73% down and still no bottom! Will Ola Electric break Rs 38 and slide to Rs 31?A successful loan deal would help the telco fund capex and accelerate network rollout, potentially aiding its turnaround sentiment has also been lifted by reports that the Indian government may offer relief on Vodafone Idea's Rs 84,000 crore in dues, including adjusted gross revenue (AGR) liabilities. Some media reports suggest the government is considering extending the repayment tenure from six to twenty years. ADVERTISEMENT However, in an exchange filing on 24 June 2024, Vodafone Idea clarified, "We have not received any communication from the government in relation to the above-reported matter. As and when there is any development that requires disclosure, we will do the needful." Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60% ADVERTISEMENT In May, Vodafone Idea's board had approved a plan to raise Rs 20,000 crore through a mix of equity and debt. The recent reports of bank-led loan discussions indicate further funding plans may be April, the government raised its stake in the company to 48.99% after converting spectrum-related dues into equity. ADVERTISEMENT On 18 June 2025, Vodafone Idea announced a partnership with U.S.-based AST SpaceMobile to bring direct-to-device (D2D) satellite connectivity to India. The move is expected to support network coverage, especially in remote areas, and is part of the company's broader technology upgrade plans. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
