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Chart beat: Reliance Jio biggest gainer in subscriber war in October
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Vodafone Idea Ltd (Vi) was the biggest loser, with subscribers dropping by 2 million. This meant R-Jio and Bharti gained wireless market share at Vi's expense.
R-Jio and Bharti gained 25 and 1 basis points (bps) m-o-m in the wireless subscriber market share, while Vi lost further about 19 bps in October and other players cumulatively shed 15 bps, according to Kotak Institutional Equities. Kotak sees accelerated market share gains for Bharti and R-Jio at Vi’s expense, to be driven by nationwide 5G rollouts, coupled with Vi’s cash constraints, long-delayed fund-raise and uncertainty about the 5G launch.
. Read more on livemint.comAbout this in other media
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