InvestorQ : How do you see prospects of Reliance Jio after the latest subscriber numbers announced for the month of October?
Dawn Cherian made post

How do you see prospects of Reliance Jio after the latest subscriber numbers announced for the month of October?

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Dilmini Mercia answered.
3 years ago
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The RIL telecom group company, Reliance Jio, announced bumper numbers for the month of October 2019. It added over 91 lakh new subscribers in October taking its total subscriber base to 36.43 crore. This increase in subscribers for Jio comes in the same month it announced its plan to charge calls to other operators at 6 paisa per minute for voice calls.

As an aside, Bharti Airtel and Vodafone Idea also added to their subscriber base, which have for some time now have mostly reported loss of subscribers. This again happened despite higher tariffs announced by the set two companies. Vodafone Idea added nearly 1.9 lakh new customers during the period under review to its overall tally to around 37.27 crore. Around 81,974 subscribers were added by Bharti Airtel and its subscriber base by the end of October stood at 32.56 crore. The number of wireless subscribers stood at 118.34 crore in October from 117.37 crore in September.

Wireless subscription in urban areas increased from 65.92 crore in September 2019 to 66.29 crore in October 2019 while the wireless subscription in rural areas increased from 51.46 crore to 52.05 crore in October 2019. The numbers have been positive for all telecom stocks across the board and are likely to be specifically positive for Bharti and for Reliance Jio.

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