According to a report by CLSA, India’s wireline broadband market is witnessing an uptick in subscriber base with one million new connections this year. This is more than subscriber additions of FY17-20 combined. The subscriber mark in this segment has now crossed the 20 million milestone.
The report also noted that, India’s fibre broadband market is an underserved one at about 3 million subscribers and renewed efforts will help operators earn revenues from the top-end of consumption class, in turn, supporting converged offerings.
The report highlighted that among the operators, Reliance Jio added highest new subscribers to reach nearly 1.2 million and Bharti Airtel is the largest private operator with 2.5 million users.
However, Bharat Sanchar Nigam Limited is the largest incumbent wireline broadband player at 7.9 million total subscribers.
During FY17-20, the cumulative subscriber addition stood at 0.9 million subscriber which further pointed that India wireline broadband market had stagnated at mere 0.3 million annual adds over past three years.
As per CLSA estimates, India’s wireline broadband market is worth around $2 billion which is under 10 per cent of the current $22 billion annual revenues of India mobile market and is heavily underserved.