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Jio adds 9.4 million users in March, Airtel, Vodafone Idea lose 30 million customers
Posted on 22nd May 2019
The wireless subscriber base in the country declined by 1.85% in March — after nearly a year of sustained growth — primarily because of Bharti Airtel and Vodafone Idea, which together lost over 29 million customers during the month as a result of implementation of minimum recharge plans. The wireless subscriber base declined to 1,161.81 million at the end of March from 1,183.68 million at the end of February. The wireless subscriber base had last declined in April last year when there was a net deduction of 58.34 million subscribers from the telecom industry.

Reliance Jio is the only operator which has added 9.48 million subscribers in March, whereas all other operators, including state-run BSNL which has been consistently adding subscribers recently, have reported a net loss of users. Bharti Airtel saw its base decrease by 15.13 million during the reported period, followed by Vodafone Idea, which reported a loss of 14.53 million subscribers. BSNL’s reported a loss of 560,593 subscribers whereas Tata Teleservices saw a decline of 1.15 million users.

However, despite the loss of subscribers, Bharti Airtel improved its broadband subscriber base. Airtel added 2.47 million wireless broadband subscribers whereas Vodafone Idea reported a marginal loss of broadband customers. Wireless broadband subscriber base of Airtel increased to 112.26 million at the end of March whereas that of Vodafone Idea stood at 110.23 million. As a result of declining subscriber base, the country’s overall teledensity declined to 90.11% from 91.86% last month.

Related Companies: IDEA Cellular Limited   

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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
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On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

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