India’s 4G subscriber base may grow to 820 mn in FY22, says Crisil

Bharti Airtel and Reliance Jio are neck and neck in terms of active mobile subscriptions, and hence the industry is unlikely to see any unanimous tariff hikes in 2021-22, a report said on Tuesday.

Domestic credit rating agency Crisil’s research wing pointed out that there is a close contest between the top two telcos, when one goes by active subscriber base with Jio’s share at 33.7 per cent and Airtel’s at 33.6 per cent.

The active subscriber market share data indicates the top two players are neck and neck, with neither ready to bite the bullet and raise tariffs, it said.

The build-up in competitive intensity also indicates that the industry is unlikely to see unanimous tariff hikes at least in the near term,