InvestorQ : How have been the latest telecom subscriber numbers of Jio, Bharti Airtel and Vodafone Idea?
Sam Eswaran made post

How have been the latest telecom subscriber numbers of Jio, Bharti Airtel and Vodafone Idea?

Moii Chavate answered.
4 weeks ago

TRAI has just put out the monthly telecom numbers for May 2022 and the story remains largely the same. Jio and Bharti Airtel have built on their subscriber numbers in the month of May 2022 and that has come at the cost of Vodafone Idea and other players losing market share. With subscriber growth slowing, there is a lot more of market share cannibalization that is happening currently. May was no different.

Let me begin with the story of Jio and Bharti Airtel. For May 2022, Reliance Jio Infocomm maintained its leadership adding 31.11 lakh mobile subscribers. This also widens the gap with competition. Bharti Airtel boosted to customers in May 2022 by 10.27 lakh users on a net basis. At the end of May, Jio Infocomm had over 48 crore active subscribers, while Bharti Airtel was at second place with 36.21 crore active wireless subscribers in its fold.

Since this is cannibalization of market share, it has come at the cost the smaller players. Let us turn to the numbers once again. Despite fresh customer additions, there has been substantial cannibalization of market share. Vodafone Idea lost 7.59 lakh wireless subscribers and its subscriber base now stands at just about 25.84 crore as of the end of May 2022. Even BSNL and MTNL saw depletion in the number of subscribers.

Needless to say, the real challenge is for Vodafone Idea. It already has a negative net worth of Rs(80,000) crore and it is also going aggressive paying Rs.2,200 crore as earnest money for the 5G auctions. That raises some serious question about the future, more so when we know that under the MNP (mobile number portability system, the migration can literally happen in hordes. It could actually be a vicious cycle.