Bharti Airtel, Vi shares rise up to 2% after Aug mobile subscriber data. Which is Nomura’s top pick?
India added 55 lakh mobile subscribers in August, according to data from the Telecom Regulatory Authority of India. Reliance Jio continued to lead with 24 lakh new users, while Bharti Airtel gained 21 lakh and Vodafone Idea over 5 lakh. Jio holds a market share of 39.31%, followed by Airtel with 38.01%. The growth in urban subscriptions increased by 0.70% from July to August this year.
India's telecom sector saw a surge in mobile subscriptions in August, with the TRAI reporting a 55 lakh increase in new subscribers. Bharti Airtel added 21 lakh users, while Vodafone Idea gained over 5 lakh subscribers, extending its rebound since February. Reliance Jio remains the largest operator, maintaining a 39.31% subscriber market share. Bharti Airtel's shares rose marginally to Rs 1,772.60, and Vi shares gained nearly 2% to trade at Rs 13.68.
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