Reliance Jio and major telecom operators face user exodus, stocks slide

Reliance Jio Infocomm recorded a sharp fall in mobile phone user additions in December 2019. company, headed by Mukesh Ambani, was able to add 82,308 mobile users in December, reby taking its user base over 37 crores last year. This was comparatively much lower to numbers from October and vember which saw a decent hike in subscriber additions at 91 lakh and 56 lakh respectively. company’s shares have also suffered as y were down 1.04% at ₹1401.50.

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Telecom News: Vodafone and Bharti Airtel current debt situation

Vodafone Idea, which has been battling a Rs 57,000-crore AGR shock, lost a staggering 3.6 million users in December, whereas Bharti Airtel lost out over 11,000 users by end of month. customer base for Vodafone Idea and Airtel fell down to 33.26 crores and 32.72 crores respectively, as per latest subscriber data collated by TRAI.

This was after implementation of tariff hikes by three major telecom service providers during December, according to latest subscriber data from TRAI. Shares of Bharti Airtel come down to 2.42% at ₹522.40, whereas, for Vodafone Idea, it was down 1.01% at Rs 3.91. re are reports which claim that Vodafone Idea currently owes ₹50,000 crore in AGR case, whereas Bharti Airtel is obliged to pay ₹35,586 crores to government.

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In December 2019, Reliance Jio, Airtel, and Vodafone Idea had hiked ir bundled prepaid tariffs for first time in over 3 years by around 14-33%. And while Jio and Airtel were able to marginally increase ir respective customer market share to 32.14% and 28.43% respectively from vember that year, Vodafone Idea’s customer market share went down to 28.89%, as indicated by TRAI.

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Im credits: Instagram | Jio