According to Kotak Institutional Equities, the rate of additions in Reliance Jio and Bharti Airtel’s fixed broadband business, remained slower than expectations despite the recent reduction in entry-level plans by the industry.
Citing TRAI subscriber data, the report added that, Jio and Airtel added 1,70,000 and 60,000 subscribers, respectively in fixed broadband business during November 2020, treading at a pace similar to the previous October 2020.
Further, the report added that Jio’s wireless net additions remained low at 1.9 million, however, visitor location register (VLR) additions rose to 5.4 million, while, Vodafone Idea continued to grapple with subscriber loss, at 2.9 million
Jio’s VLR subscribers print showed signs of improvement with ahead-of-industry net gains of 5.4 million adding up to a base of 324.8 million, which is now marginally ahead of Airtel, who added 3.9 million on its VLR base that increased to 323.4 million, Kotak added.
