India's wireless subscriber base drops in July
India’s wireless subscribers declined by 8,83,903 users in July, Telecom Regulatory Authority of India (TRAI) said on Friday.
TRAI data showed that wireless subscribers in rural India declined from 446.33 million to 444.63 million while urban areas saw an increase from 588.78 million to 589.61 million in the same period.
The share of urban and rural wireless subscribers in total number of wireless subscribers was 57.01% and 42.99% respectively.
Total subscriber base declined from 1,035.12 million in June to 1,034.23 million in July with rural areas owing to the decline in subscription.
In metro, telecom companies saw net addition of 2,43,817 subscribers.
Even though private service providers in held 90.88% market share in July, the report stated that BSNL, had the highest level of wireless subscribers of 11,74,732 while Reliance Communications lost 32,41,345 subscribers.
BSNL and MTNL together occupy only 9.12% of the market share whereas Reliance, Tata and Sistema have 9.23%, 5.67% and 0.71% market share respectively.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
04:11 PM IST