Subscriber Base of Reliance Jio to Cross 300 Million by the End of March 2019: Report

Reliance Jio Infocomm has announced that it has no plans to raise the tariffs as it is already witnessing robust growth in its subscriber base with the current prices along with constant revenue growth, reported ET Telecom. With that announcement, it is clear that Vodafone Idea Limited and Bharti Airtel which are the major players in the industry apart from Reliance Jio are going to have a hard time in recovering their revenues back to the normal levels. Furthermore, it’s also said that Jio’ subscriber base will cross 300 million mark by the end of March 2019 or this financial year.

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Reliance Jio Announces No Plans of Slowing Down and Increasing Revenue

In Jio’s post-fiscal third-quarter earnings meet, many analysts present from Goldman Sachs, Morgan Stanley, and Citi Research said that the company executives have made it clear that customer acquisition remains Reliance Jio’s top priority even though it has attained nearly 24% subscriber market share and 26% revenue market share in the Indian telecom industry. The earnings meet was held on Thursday this week.

A Goldman Sacha analyst who was present at the meet said in a note, “Jio has said it will not tinker with tariffs and risk disrupting the strong subscriber (growth) momentum as its focus in the near term remains on adding subscribers.” The brokerage further added that “revenues would stay stagnant for incumbent telcos (read: Vodafone Idea and Bharti Airtel) until Jio reaches its earlier stated target of 400 million subscribers”.

Reliance Jio Subscribers to Cross 300 Million Mark Soon

Going by the analysts’ words, Reliance Jio’s subscriber base is estimated to reach the figure of 302 million by the end of FY19 judging by the pace of its current customer addition which seems to be somewhere near 9-10 million per month. In comparison to that, Bharti Airtel had 342 million subscribers by the end of November, whereas, Vodafone Idea had 421 million subscribers. However, Bharti Airtel’s subscriber base has remained mostly stagnant or has been dwindling. On the other hand, Vodafone Idea has been losing subscribers rapidly.