Telcos Added the Highest Number of Subscribers in March 2018 Since December 2016: ICRA

The top five telecom operators in the country- Bharti Airtel, Vodafone India, Idea Cellular, Reliance Jio and BSNL are enjoying a great time when it comes to subscriber addition side of things. The total telecom subscriber base in the country stood at 1,206.2 million in March 2018, following a strong addition of 26 million, the highest monthly addition since December 2016. Further, according to an ICRA note, the active subscriber base rose by 17 million subscribers in March 2018, after declining successively for the last two months.

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Mr Harsh Jagnani, Sector Head & Vice President- Corporate Ratings, ICRA, said “In a continuing competitive industry scenario, the larger telcos are vying for the subscriber base of the exiting telcos by offering competitive tariff plans. The subscriber-led competition is expected to continue for a few more quarters.”

The top four telcos added 32.6 million wireless subscribers in March 2018, led by Jio which added 9.4 million subscribers followed by Idea’s 9.1 million subscriber addition. Airtel and Vodafone added 8.4 million and 5.6 million subscribers respectively.

On account of a healthy addition to the subscriber base, the top four telcos together have a subscriber base of 924.7 million, strengthening their combined market share to 78.1% as of March 2018 as against 67.2% as of March 2017. Airtel continues to be the market leader, with a market share of 25.7% in March 2018, while Vodafone and Idea have a market share of 18.8% and 17.8% respectively as on March 2018, pending merger. Jio’s market share stood at 15.8% as on March 2018 up from 9.3% back in March 2017.