New Delhi: Telecom industry’s revenues continued to grow for the fifth quarter in a row during Q3FY21 to Rs 443 billion, India Ratings and Research (Ind-Ra) said in a report.
Accordingly, this trend was supported by the industry-wide tariff hikes implemented in the last 12-18 months, increasing penetration of high ARPU (average revenue per user) broadband subscribers, and increasing subscriber base.
Quoting the Telecom Regulatory Authority of India data, the report said industry-wide revenue continued to grow for the fifth quarter in a row in “3QFY21 to INR443 billion”.
“Reliance Jio Infocomm continued to be the largest telecom player by revenue market share (RMS) in December 2020 with RMS of 39.3 per cent in 3QFY21, followed by 32.8 per cent RMS of Bharti Airtel 20.8 per cent RMS of Vodafone Idea Limited and a 6.8 per cent market share of Bharat Sanchar Nigam.”
Besides, the number of broadband subscribers increased to 63 per cent of the overall wireless subscriber base in December 2020 from 62 per cent in November 2020 and 47 per cent in March 2019.
