Latest reports have revealed that, Jio has topped the race in the telecom sector, surpassing both Vi and Airtel.
Jio Surpasses Vi and Airtel To Become Top Telecom Company
As per the data by TRAI, the number of telecom subscribers in India has surpassed 1.2 billion for the second time, with Reliance Jio holding the top spot in terms of both total customers and new additions.
From 1,199.28 million in March 2024 to 1,201.22 million at the end of April 2024, the telecom customer base grew by 0.16%.
In May 2017, the total number of subscribers crossed the 1.2 billion mark, and in July 2017, it reached a record 1.21 billion. With 1,165.49 million subscribers as of April 2024, wireless users make up the majority of all subscribers.
Reliance Jio now has 472.42 million customers overall after adding 2.68 million net new users.
In April 2024, Bharti Airtel had 267.57 million subscribers, an increase of 752,000 users.
Growth Rate of Wireless Market Slowed By Losses of 1.23 Million Users for BSNL
The growth rate of the wireless market was slowed by the losses of 1.23 million users for state-owned BSNL and 735 thousand subscribers for Vodafone Idea.
In April, Reliance Communications lost 29 cellular customers while MTNL lost 3,702 wireless users.
From 33.79 million in March to 34.26 million in April, there were more wireline subscribers.
The wireline segment increase was led by Reliance Jio, which brought on 355,9 thousand new users.
118.8 thousand new landline customers were added by Bharti Airtel, 38,580 by Tata Teleservices, 8,152 by Vodafone Idea, 2,950 by Quadrant, and 774 by Reliance Communications.
Reliance Industries’ Jio Platforms has made a significant stride in the race to provide satellite internet in India. A joint venture between Jio Platforms and Luxembourg-based SES has received crucial approvals from the Indian space regulator to operate satellites, marking a key milestone in their efforts to offer gigabit fiber internet services.
The approval was granted to Orbit Connect India, a subsidiary aiming to provide high-speed satellite-based internet access. This development comes amidst a competitive landscape where global giants like Amazon.com and Elon Musk’s Starlink are also vying to enter the Indian market with their satellite communication services.
