Mukesh Ambani’s telecom punch: Jio phone subscribers may top 5 crore mark by December, says report

In what could intensify the competition in the telecom industry even further, billionaire Mukesh Ambani-led telco is expected to garner up to 5 crore Jio phone users by December-19, according to a report. According to Motilal Oswal, out of the total 450 million to 500 million (45-50 crore) feature phone subscribers, Jiophone subscribers are estimated to jump to 50 million (5 crore) by Dec’19 implying a 10% market share.

This is indicative of the high growth opportunity, the report added. “The company’s focus on chasing feature phone subscriber growth has led to low ARPU plans, which we believe may continue. However, the slowing monthly smartphone subscriber adds run-rate may provide opportunity for selective ARPU accretion in 2-3 quarters once Vodafone Idea, too, stabilizes its network,” Motilal Oswal said in the report. Notably, Reliance Jio remains the only telco to add active subscribers in the month of February-19.

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