- 20 Apr 2022
- ICICI Securities
Tariff hike SIM consolidation continues in February
News: As per Trai's latest data, Reliance Jio lost 3.66 million mobile subscribers (gross base 40.27 crore) in February, 2022 while VIL lost 1.53 million subscribers (gross base 26.35 crore). Bharti Airtel added 1.59 million subscribers (gross base 35.8 crore). On active subscriber front, Jio added 10 million active subscribers (active base 37.86 crore). Bharti Airtel gained 1.2 million active subscribers (active base 35.1 crore) while Vodafone Idea continues to lose active subscriber with active subscriber loss of 2.9 million (active base 22.6 crore)
Views: The subscribers’ loss is on expected lines owing to SIM consolidation amid tariff hike. The telcos have also indicated that in Q4 the subscriber consolidation will be seen and is likely to ease up post that
Impact: Neutral