New Delhi: India's fibre broadband is an underserved market at about 3 million subscribers, and renewed efforts will help operators gain 'wallet share' among top-end of consumption class, in turn, supporting converged offerings, according to a report. India's wireline broadband market is seeing a pickup with one million new connections in year to date - more than FY17-20 combined - crossing the 20 million mark. Jio , it observed, has introduced lower price entry plans, Bharti Airtel has followed and both now offer unlimited data. "Within wireline broadband, share of fibre is growing faster yet it is limited at 15 per cent/3 million of the total, and overall broadband penetration is still abysmal at 7 per cent of all-India households," it said.India's wireline broadband market is an estimated USD 2 billion which is under 10 per cent of the current USD 22 billion annual revenues of India mobile market and is "heavily underserved". "Hence, renewed efforts could help Jio and Bharti Airtel gain wallet share among the top-end of India's consumption class which in turn could support converged offerings," it added.

Source: Economic Times October 19, 2020 11:29 UTC