Reliance Jio records highest growth in October 2016 -Governance Now

Reliance Jio records highest growth in October 2016

Bharti Airtel continues to be the leading telecom player in the industry, followed by Vodafone and Idea

GN Bureau | January 10, 2017

#Reliance Jio #Mukesh Ambani #Airtel #Vodafone #Idea #TRAI

Mukesh Ambani-led Reliance Jio network has recorded highest growth rate in subscriber base in October 2016.

The network has seen a net addition of more than one crore subscriber base, recording a growth rate of 122.86 percent, according to the monthly highlights of telecom subscription data released by telecom regulatory authority of India (TRAI).

The growth in subscriptions is a result of lucrative plans Reliance Jio offered at the time of its launch on September 1.

Mukesh Ambani announced that Reliance Jio customers will never be charged for mobile telephony and they will have access to mobile 4G internet at dirt cheap prices.

Other big players like Bharti Airtel and Vodafone, on the other hand, showed minuscule growth rate at 0.90 percent and 0.59 percent in that month, respectively.

Irrespective of the net addition, Reliance Jio’s market share is only 3.30 percent in the wireless market. Bharti Airtel continues to be the leading telecom player in the industry with market share of 24.32 percent, followed by Vodafone at 18.72 percent and Idea at 17.17 percent.

As of October, India’s wireless subscriber base stood at 1,078.42 million. But out of that total, 970.47 million users were active. The proportion of active wireless subscribers was approximately 89.99% of the total wireless subscriber base.

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