Telecom War continues as Reliance Jio adds up more users than its Rivals
Adding more than 6.56 million users in January, Reliance Jio disrupted the Telecom War and led its rivals such as Vodafone who is losing its customers.
Mukesh Ambani owned Telecom Company Reliance Jio Infocomm is continuing to beat its Rival Vodafone by expanding its Loyal userBase across India during the month of January.
As per Data Revealed by TRAI( Telecom Regulatory Authority), Reliance Jio has added more than 6.56 million users and Vodafone- Idea Continued to Lose its Customers.
As per the recent data provided By TRAI, Reliance jio has initially about 376.57 million users whereas the combined Telecom venture Vodafone-Idea has about 329 million users at the end of month January.
With a loss of 3.62 million users, it is likely that Vodafone-Idea will drop to the third position if this continues.
The difference between Vodafone-idea and Other Rival telecom company Airtel has less than 1 million users as of January.
With the addition of more than 800k users, Airtel sums up its total user base to 328.15 million. But it is also surprising to know that Where Airtel is adding more users to their subscriber base, and Vodafone-idea continues to lose up to 500k and bringing its user base to 117.93 million in the month of January mostly 4G customers, it is all due to Reliance jio and Airtel Prepaid price wars.
BSNL, a state-owned operator has surprisingly continued to increase its user base by adding up to 119.24 million users from 1.22million initially.
As per recent data showed by TRAI,
India’s total mobile subscribers = 1.16 Billion
Active users = 986.42 million
As per the Latest News, Reliance Industries is planning to sell its 2.3 percent stake of the Jio Platforms to Vista Equity Partners for approx 11.36 crores, which will provide it’s subsidiary a 4.91 trillion equity valuation. This will become Reliance’s third-largest stake sale with social media giant company Facebook and Silver Lake (Private Equity) in just over two weeks.
The PE fund has paid about 5.6k crores for about 1.15 percent stake. 2.3 percent stake has been sold at a marginal premium to the Silver Lake deal. With a surprising deal between Vista and Silver Lake at a premium of just 0.5 percent.
After this deal, the three major Global companies now own 13.4 percent in Jio platforms. All three deals are subjected after approvals by Regulatory, in which it is most likely that Facebook will face some tight scrutiny due to its net neutrality concerns.
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