JIO

Growth not driven in Reliance Jio Prime subscription, says UBS Securities Report

Growth not driven in Reliance Jio Prime subscription, says UBS Securities Report

Reports released by TRAI (telecom regulator) states that monthly subscriber for March Reliance Jio’s prime subscription low price 4G mobile service scheme is not driving demands for its connections, while incumbents have gained, UBS Securities said.

Jio Prime is not driving demand pick-up, March momentum favours incumbents. Jio Prime offer was announced in the month we are surprised to see the lack of acceleration in March since.

Reliance Jio Prime membership plan starts at Rs. 309 per month in which customers get 1 GB 4G daily usage and unlimited calling to any network.

Jio’s prime (paid service) starts from April and customers are going to other Telecom Subscribers and growth of Reliance Jio slowing down.

As per reports by TRAI (Telecom Regulatory Authority of India), the new Reliance Jio, which is now the 4th largest telecom operator in the country, is continued to growth in mobile telephony with the addition of about 5.83 million mobile customers. The other nearest rival is Bharti Airtel whose subscriber acquisition is about 2.99 million customers in month report.

UBS Securities

2.09 million Customers are added by Idea, which are close to BSNL which added 2.07 million new customers. 1.83 million of new clients are added by Vodafone in March.

As per reports released by TRAI customers added by Reliance Jio are 5.8 million versus 12.2 million in February.

Market share of 5.7 million broadband subscribers are gained by Vodafone. Customers increased to 2.4 million versus 1.1 million in February of Airtel Broadband net. 24.7 million increase in customers are reported by Idea broadband subscribers who are declining in January and February.

In March, Vodafone recovers broadband subscribers. With 22.1 percent share from 20.9 percent in February Airtel continues to expand broadband penetration.

“Overall according to the reports that suggest Airtel continues to hold the upper edge in Indian mobile market operating metrics outperforming peers. After Jio started charging in April their data for April and March are more significant. After under-performing Airtel in January and February Vodafone and Idea have also shown recovery in March,” reports said.

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