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NEW DELHI: Reliance Jio’s net subscriber addition has been losing steam, and this may also hasten the launch of low-end smartphones, ICICI Securities said. Jio’s mobile broadband subscriber base grew by only 1.5 million to 404 million, as per the Trai data.

The Competition Commission of India (CCI) recently approved Google’s investments into Jio Platforms and the partnership to develop affordable 4G and even 5G Android-based smartphones.

Reliance Jio has been getting its devices – JioPhone series – made mainly by Flex, and is planning to bring out low cost 4G devices in a tie-up with Google, which though, will take time due to ongoing supply chain issues.

Adjusted for inactive subs, Jio’s mobile broadband market share stood at 51.4% (down 60bps MoM) while Bharti Airtel’s was 26.4% (up 75bps MoM) and Vodafone Idea’s 19.4% (down 30bps MoM).

Industrywide mobile broadband subscriber base rose by 9.5 million to 705 million in September. The growth was led by strong net add for Bharti Airtel at 7.0 million.

Vodafone Idea’s mobile broadband subsribers dipped by 0.1mn to 120mn, which continues to disappoint, the brokerage said.

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Vodafone Idea lost 4.7 million subs in Sep; Airtel, Jio saw growth: Trai data

Reliance Jio’s wired of home broadband subscriber base increased by 0.27 million in September 2020 to 1.5 million, while Airtel increased its base from 2.5 million in August to 2.6 million in September, as per the Trai data.

“Wired broadband subs net add came at 0.65 million to 21.1 million (3.2% MoM and 11.1% YoY growth) in Sep’20. Jio’s market share under this parameter improved to 7.2% (up 110bps MoM), which was helped by a cut in base price to Rs399 and offer of unlimited data even in base plan,” ICICI Securities said in a note.

“Bharti’s was a bit lower at 12.3%. Others (local service providers) continued to lead net add at 0.34mn in September,” it added.

State-run BSNL’s wired broadband base declined to 7.8 million in September from 7.9 million in October 2020. Hathway, on the other hand, increased its base to 1.1 million in September, up from 1 million in the previous month.

In terms of market share, BSNL currently leads the segment with 36.9% share, followed by Airtel and Jio with 12.3% and 7.2% market share, respectively.

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