Jio Storming Ahead; Close to 1 Crore Customers Added in June | CORPORATE ETHOS

Jio Storming Ahead; Close to 1 Crore Customers Added in June

By: | August 21, 2018
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Aug 21: Mukesh Ambani-led Reliance Jio Infocomm has registered a commendable performance in terms of customer base expansion. The latest player in the telecom industry has managed to gain close to one crore new customers during the month of June alone.

According to the data provided by Telecom Regulatory Authority of India, Jio has managed to add 97 lakh subscribers in June. The closest rival in terms of new subscriber was Idea, which managed to add 64 lakh customers in June. The lowest gain was for market leader Airtel, which managed to add only a paltry 10,689 customers in June.

The figures are among the smallest number for Bharti Airtel during the recent times. . Airtel had witnessed a big jump in its subscriber count during the previous months owing to new subscriber additions from its acquisition of Telenor. The disposal of inactive customers of Telenor is believed to be a major reason for the fall in those numbers in June.

Vodafone, the second largest network provider in the country too fell below in terms of rival expansion, but larger than that of Airtel. The carrier gained around 2.75 lakh subscribers during the month of June. State-run BSNL witnessed addition of 2.44 lakh customers in June.

The addition of new subscribers has also shuffled the share of each telcos in the market, with market leader Airtel witnessing the biggest drop of share. The carrier now holds a share of 30.1%, a drop from 30.5% during the previous month. Vodafone too saw a fall with its market share being brought down from 19.7% to 19.4%.

Idea, which is prepping up for a merger with Vodafone to become the largest telecom player in the country, increased its share from 18.9% to 19.2%, while Jio had an increase of share from 18.7% to 18.8%.

Airtel still remains the country’s largest telecom player with a total subscriber base of 34.4 crore subscribers. Vodafone and Idea stand close with respective subscriber base of 22.27 crore and 22.06 crore. Jio is also closing in with a total subscriber count of 21.53 crore.