April 2024 Telecom Subscriber Data: Bharti and RJio Show Growth

Services

FNO Stocks with CA Abhay

Equity Investment with CA Abhay

Option Trading with CA Abhay

Stock Market Masterclass

Equity Trading with CA Abhay

April 2024 Telecom Subscriber Data: Bharti and RJio Lead Growth

Team FS

21/Jun/2024

Key Points:

Bharti added 0.8 million gross subscribers in April 2024.
RJio saw a significant increase of 2.7 million gross subscribers.
Vodafone experienced a decrease in both active and gross subscribers.

The telecom industry witnessed notable changes in subscriber numbers for April 2024, reflecting the dynamic nature of the sector. The latest data showcases varying trends among the major players, with some companies experiencing growth while others faced declines.

Active Subscriber Base

Bharti:
- March 2024: 385 million
- April 2024: 383 million
- Change: Decrease of 2.1 million
Vodafone:
- March 2024: 193 million
- April 2024: 193 million
- Change: Decrease of 0.6 million
RJio:
- March 2024: 430 million
- April 2024: 433 million
- Change: Increase of 3.1 million
Others:
- March 2024: 49 million
- April 2024: 48 million
- Change: Decrease of 0.4 million

Despite the minor overall decrease in the active subscriber base by 0.03 million, RJio stands out with a significant increase of 3.1 million active subscribers, reflecting its strong market presence and customer acquisition strategies.

Gross Subscriber Base

Bharti:
- March 2024: 386 million
- April 2024: 387 million
- Change: Increase of 0.8 million
Vodafone:
- March 2024: 220 million
- April 2024: 219 million
- Change: Decrease of 0.7 million
RJio:
- March 2024: 470 million
- April 2024: 472 million
- Change: Increase of 2.7 million
Others:
- March 2024: 89 million
- April 2024: 88 million
- Change: Decrease of 1.2 million

The total gross subscriber base saw an increase of 1.47 million, driven largely by gains from Bharti and RJio. Bharti added 0.8 million subscribers, while RJio made the most significant leap, adding 2.7 million gross subscribers.

Analysis and Insights

RJio's Performance: The strong increase in both active and gross subscribers for RJio indicates its effective market strategies and continued customer attraction. This growth positions RJio as a leader in the telecom sector.
Bharti's Steady Growth: Despite a slight decline in active subscribers, Bharti managed to grow its gross subscriber base, adding 0.8 million new customers. This growth can be attributed to its expansive network and competitive offerings.
Vodafone's Decline: Vodafone's reduction in both active and gross subscribers highlights ongoing challenges the company faces in retaining its customer base amidst stiff competition from RJio and Bharti.

Conclusion

The April 2024 telecom subscriber data presents a mixed bag for the industry. While RJio and Bharti exhibit positive growth trajectories, Vodafone continues to struggle with subscriber retention. These trends underscore the competitive landscape of the telecom sector and the need for continuous innovation and customer engagement strategies.

Stay updated with Finance Saathi for in-depth analyses and the latest news on telecom industry trends and market movements.

Also Read : BSE Sensex Drops 0.4% Amid Profit Booking and Budget Talks

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.