According to a research note by CRISIL Ratings, India’s wireline broadband subscriber base is expected to grow by 9-12 per cent in fiscal 2023, amid rising competition between Reliance Jio and Bharti Airtel.
As per the report, telcos have sharpened their focus on the growing wired broadband segment which offers huge potential as the country remains highly underpenetrated at only 9 per cent penetration as of last fiscal, compared with over 55 per cent in China, over 70 per cent in the Eurozone and over 75 per cent each in the US and Japan.
The report further noted that the wireline broadband subscriber base has logged a compound annual growth rate of 19 per cent between fiscals 2020 and 2022 to 27.25 million.
On active leadership across circles, Reliance Jio has caught up with Airtel, with both players leading 10 circles each as of April 2022. As per the research note, the competition is expected to remain intense this fiscal, with both players anticipated to focus on semi-urban and rural-dominated circles.
