NEW DELHI: India’s wireless subscriber base in the country increased to 1,183.7 million in February 2019, witnessing an addition of 1.7 million subscribers over the previous month with Reliance Jio driving the growth, a finding by ICRA Wednesday said.
The Gurgaon-based rating agency said that Jio’s active subscriber market share has strengthened to 24.4% in February 2019 from 23.5% in January 2019 while rival’s such as Vodafone Idea continues to lead the market with 36.9% market share followed by Bharti Airtel with 32.1%.
“The growth in subscriber base in February was primarily driven by RJio, which added 7.8 million subscribers,” Harsh Jagnani, Sector Head & Vice President- Corporate Ratings, ICRA said.
The new entrant, he said, has now added 90 million active subscribers to its network during 11 months in FY2019, thereby taking its active subscriber base to 250 million and strengthening its position in the industry.
“The increase in Mumbai-based RJio, and BSNL and MTNL’s active subscriber base has been at the expense of other industry participants, which lost 10.4 million active subscribers on a combined basis, Jagnani said.
The firm said that February’s subscriber growth was driven by industrialist Mukesh Ambani-controlled Reliance Jio that has added 7.8 million new customers during the month, with India’s subscriber base reaching to 1,183.7 million.
The wireless broadband subscriber base, according to ICRA’s statement continues to maintain its strong growth trajectory, increasing to 532.0 million in February 2019 or 45% of the total subscriber base, witnessing the addition of 10.2 million during the month.