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News: As per Trai data, Reliance Jio and Bharti Airtel added 1 million and 0.9 million mobile users in February 2023 to reach user base of 427 million and 370 million, respectively. On the other hand, Vodafone Idea (Vi) lost nearly 2 million mobile users in February, further shrinking its user base to 238 million. Airtel continues to lead on the wireless broadband user additions front, recording an increase of 2.2 million in February 2023, followed by Jio and 1 million additions while Vi reporting 1.3 million subscribers' loss.
Views: Vi churn continues amid the balance sheet stress while both Jio and Airtel have captured market share. Going ahead, 5G market share will be a key monitorable.
Impact: Neutral