Rate of fixed broadband subscriber addition ‘steady’ for Jio, Bharti in Nov: Report

Reliance Jio and Bharti Airtel added 1,70,000 and 60,000 subscribers, respectively in fixed broadband business during November, treading at a pace similar to the previous month, according to a report.

The rate of additions in fixed broadband business, however, remains “slower than expectations” despite the recent reduction in entry-level plans by the industry, Kotak Institutional Equities said in its latest report citing TRAI subscriber data.

Jio and Bharti now have 19 lakh and 27 lakh fixed broadband subscribers, respectively.

“The fixed broadband business for Jio and Bharti gained 0.17 million (1.7 lakh) and 0.06 million (60,000) subscribers, respectively in the month of November, at a pace similar to the previous month,” it said. The pace of user additions in fixed broadband business remained “steady” for Jio and Bharti, it added.