Reliance Jio captures largest chunk of broadband market in December
Success story of new entrant Reliance Jio continued on Friday as Telecom Regulatory Authority of India (TRAI) released subscription data in December where they had captured a third of the broadband market in India.
“As on 31st December, 2016, the top five Wireless Broadband Service providers were Reliance Jio Infocomm Ltd (72.16 million), Bharti Airtel (41.53 million), Vodafone (35.01 million), Idea Cellular (27.04 million) and Reliance Communications (16.08 million),” TRAI said.
Market share in broadband services RJio topped the charts taking the largest chunk of market share at 30.56%.
Next in line was Airtel followed by Vodafone at 18.45% and 14.83% respectively.
Image Source: TRAI
The data revealed that RJio’s net addition to its wireless subscription base was 20,281,930 people.
Idea Cellular came in second with net additions amounting to 2,839,426 and Bharti Airtel third with 2,502,355 new users in the month.
Image Source: TRAI
TRAI recorded the growth rate of the telecoms wireless subscriber base with RJio taking the lead with 39.1% followed by Quadrant and Idea with 3.09% and 1.51% respectively.
Image Source: TRAI
On Wednesday, Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani said that RJio had crossed 100 million (10 crore) customer base.
In the wireless subscription market, RJio had 6.4% share while telecom biggie Airtel was still in the lead with 23.58%.
Vodafone and Idea followed next with 18.16% and 16.90% share respectively.
RJio recently introduced a new offer which provided its customers 1GB of 4G internet data and all other free services like unlimited voice calling, SMS, and access to premium apps at the cost of Rs 100 till the month of June.
On entering the market in September, RJio had provided free data upto 4GB limit per day which was then extended to March 2017 with the data up being capped at 1GB per day.
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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
05:12 PM IST