AIRTEL, JIO CONTINUE TO ADD SUBSCRIBERS, VI LOSES CUSTOMERS AGAIN
News: Airtel and Jio added 3 million and 1.21 million active users, respectively, in December, while Vi lost 1.84 million active users, latest customer data put out by the Telecom Regulatory Authority of India (Trai) showed. Airtel’s active user base jumped to 377.54 million in December while Jio’s rose to 424.51 million. Vi’s active user base shrank to 196.68 million. Latest Trai wireless broadband user data showed that Jio and Airtel added 14.37 million and 9.7 million 4G/5G users, respectively, in December, while Vi added 0.66 million 3G/4G users.
Views: Vi fundraise will be key to arrest churn and launch 5G ahead. Airtel and Jio are likely to lead subscriber addition given their first mover advantage in 5G and superior balance sheets.
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