Reliance Jio active subscriber additions slowing down? Airtel wins in April

Financial News :

Reliance Jio has begun to witness a slowdown in active subscriber additions. For the first time since September, when Jio stormed into the market, Bharti Airtel has added more active subscribers than Jio.

As per reports by Goldman Sachs and ICICI Securities, Jio added 0.4 million active subscribers in April as compared to 2.6 million by Airtel. During the September-October period of last year Jio was adding around 16 million subscribers a month.

However, in terms of net additions, Jio continues to add maximum subscribers. It added 3.87 million subscribers in April followed by 2.85 million by Airtel, 0.81 million by BSNL, 0.75 million by Vodafone and 0.68 million by Idea. All other operators lost subscribers on net basis in April.

Jio has witnessed a deceleration in its active subscribers in fourth straight month and since the company has started to charge its users from April, the deceleration is likely to continue.

However, given the scale of Jio’s launch and subsequent additions, the Mukesh Ambani-owned company continues to have the largest share of 34 per cent in the wireless broadband market in April, significantly ahead of the Airtel’s 22 per cent.