Ever since Reliance Jio Infocomm Ltd started reporting its financial results, it has beaten its competitors hands down both in terms of subscriber and revenue growth. While apples-to-apples numbers are difficult to come by, since Jio’s numbers now include its fixed broadband business, it’s clear as daylight that Airtel trumped Jio on subscriber growth in the wireless business last year. On a reported basis, its net subscriber additions of 37.7 million are almost identical to that of Jio. Back-of-the-envelope calculations suggest it added around 9 million wireless subscribers in the month of March, compared to just 2 million in January. Of course, in the mainstay wireless business, while Jio has caught up on the growth front, Airtel’s growth in the March quarter is nothing to sneeze at.

Source: Mint May 17, 2021 17:05 UTC