Big win for Mukesh Ambani, Sunil Mittal, 99% of new subscribers join…, huge loss for BSNL, lost over 46000…
Telecom service providers collectively added 43,58,231 net subscribers in May, with Reliance Jio and Bharti Airtel contributing 43,51,294 of these additions, representing 99.84% of the total net growth.
The total telecom subscriber base in the country grew to 120.7 crore with landline connection growing by 3.34 per cent to 3.86 crore and mobile connections rising to 116.84 crore in May. The total subscriber base in April was 120.3 crore. Reliance Jio, Bharti Airtel Subscribers Increased
Reliance Jio dominated the mobile subscriber base, having 40.92 per cent share with net addition of 27 lakh customers, taking its total wireless base to 47.51 crore.
Bharti Airtel held 33.61 per cent share with net addition of 2.75 lakh taking its total subscriber base to 39 crore in May. Vi lost 2.74 lakh, BSNL 1.35 lakh, MTNL 4.7 lakh and Reliance Communications lost 30 mobile subscribers in May.
In the wireline segment, Reliance Jio led the chart with net new subscriber addition at 12.76 lakh. It was followed by Bharti Airtel which added around 99,000 new subscribers. Tata Teleservices added 4,890 new subscribers, Vi 1,795 and STPL 252. BSNL, MTNL Lost Customers
State-run MTNL was the biggest loser of fixed line customers in May. It lost 66,834 fixed line subscribers and BSNL lost over 46,000 customers.
The total number of broadband subscribers in the country reached 97.48 crore in May. Reliance Jio and Bharti Airtel submitted internet subscription data in required format to the Telecom Regulatory Authority of India after a gap of five months.
Reliance Jio led the broadband segment with 49.44 crore subscribers comprising customers in both mobile and wireless segments. It was followed by Bharti Airtel with 30.2 crore broadband subscribers, Vi 12.66 crore, BSNL 3.43 crore and Atria Convergence 23.2 lakh customers.
The 5G FWA subscriber base decreased to 74 lakh in May from 75 lakh in April due to Reliance Jio shifting over 10 lakh Fixed Wireless Access – Unlicensed Band Radio (FWA-UBR) subscribers in FTTx category– which falls under fixed line segment.
(With inputs From PTI)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
12 hours ago
- Hans India
Sensex tumbles 1% as negative global cues haunt investors
Mumbai: Equity benchmark index Sensex tumbled nearly one per cent to slip below the 80,000 level on Friday as growing concerns over the impact of the additional US tariff and unabated foreign fund outflows unnerved investors. Deep losses in market heavyweights Reliance Industries, HDFC Bank and Bharti Airtel also added pressure on equities, traders said. The 30-share BSE Sensex tanked 765.47 points or 0.95 per cent to settle at 79,857.79. During the day, it tumbled 847.42 points or 1.05 per cent to 79,775.84. As many as 2,507 stocks declined while 1,521 advanced and 145 remained unchanged on the BSE. The 50-share NSE Nifty dropped 232.85 points or 0.95 per cent to 24,363.30. Extending losing streak for the sixth consecutive week, the BSE benchmark dropped 742.12 points or 0.92 per cent, and the Nifty declined 202.05 points or 0.82 per cent. 'The Indian equity market exhibited downward movement, closing at a three-month low amid growing concerns over the impact of US tariffs on Indian exports. FIIs remained net sellers, intensifying the pressure on domestic indices. The pessimism was broad-based, with realty and metals bearing the biggest brunt,' Vinod Nair, Head of Research, Geojit Investments Limited, said. From the Sensex firms, Bharti Airtel, Tata Motors, Mahindra & Mahindra, Kotak Mahindra Bank, Axis Bank and Reliance Industries were among the laggards. 'Selling intensified, with the Sensex ending below the psychological 80k mark, as analysts believe that once the stiff tariff penalty on Indian goods by the Trump administration comes into effect, India's growth could be hit going ahead,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. However, NTPC, Titan, Trent, ITC and Bajaj Finserv managed to be in green territory. The BSE midcap gauge tanked 1.56 per cent, and the smallcap index dropped 1.03 per cent.
Time of India
19 hours ago
- Time of India
SC upholds Delhi HC ruling favouring Airtel, Indus Towers, says telecom towers eligible for ITC
The Supreme Court on Friday upheld a Delhi High Court 's December ruling that favoured Bharti Airtel and Indus Tower, holding that telecom towers qualify as "movable" property and, thus eligible for input tax credit (ITC) under the income tax laws. Reaffirming pre-GST position on mobile towers ceasing to be an 'immovable property,' a Bench comprising Justice Pankaj Mithal and Justice Prasanna B Varale dismissed the income tax department's appeal and upheld the HC December 12 decision that held that telecom towers fall within the scope of plant and machinery and do not fall within the ambit of Section 17(5)(d) of the Central Goods and Services Tax Act, 2017, and therefore, were eligible for ITC. It also upheld the high court decision to quash the demand and show cause notices issued to Bharti Airtel and Indus Towers . The top court refused to accept the Revenue's stand to differentiate between the service tax regime and the GST framework in the treatment of such infrastructure, stating that it would not permit such 'hair-splitting' interpretations. The department had challenged the HC ruling that refused to characterise mobile towers as immovable property, thereby granting ITC on inputs and input services used for setting up such passive infrastructure. It stated that the explanation at the end of Section 17(5) of the CGST Act had excluded the telecommunication towers specifically from plant and machinery. Senior counsel Arvind P. Datar, appearing for Airtel, argued that the intent of the law, both in the pre-GST and post-GST regime, had been consistent in denying the credit to be only in the context of immovable property, whether pre-GST or post-GST. The telecos stand was that the telecommunication towers were moveable items of essential equipment used in telecommunications, which can be dismantled at site and, thus, capable of being moved. It is only the concrete structure on which those telecommunication towers were placed which could be treated as an immovable element of that equipment whereas steel or metal structures were capable of being shifted to other locations, they said, adding that the assumption that the installation of these towers results in the establishment of an immovable structure is misconceived, said the telecom companies. Welcoming the SC decision, Sandeep Sehgal, Partner-Tax, AKM Global, a tax and consulting firm, said that 'the judgment ensures consistency with earlier service tax rulings and avoids unnecessary technical interpretations. This is a welcome relief for the telecom sector and other industries that invest heavily in fixed infrastructure, reinforcing the principle that legitimate business inputs should not be blocked from credit.' The HC had held that the denial of input tax credit based on the department's stand that towers should be categorised as "immovable" property was "wholly untenable." It ruled that the specific exclusion of telecommunication towers from plant and machinery would not lead one to conclude that the statute contemplates or envisages telecommunication towers to be immovable property. 'Telecommunication towers would in any event have to qualify as immovable property as a pre-condition to fall within the ambit of clause (d) of Section 17(5). Their exclusion from the expression 'plant and machinery' would not result in it being concomitantly held that they constitute articles which are immoveable," the HC had said.
Time of India
19 hours ago
- Time of India
Bharti Airtel promoter entity sells shares for ₹11,227 crore
Indian Continent Investment Ltd, an entity promoted by billionaire Sunil Bharti Mittal, on Friday divested nearly one per cent stake in telecom carrier Bharti Airtel for ₹11,227 crore through open market transactions. Indian Continent Investment Ltd (ICIL) is one of the promoters of Gurugram-based Bharti Airtel. According to the bulk deal data available on the NSE, Indian Continent Investment Ltd offloaded a total of 6 crore equity shares in two tranches or a 0.98 per cent stake in Bharti Airtel. The shares were disposed of in the price range of ₹1,870.40-1,871.95 apiece, taking the combined deal value to ₹11,227.05 crore. After the latest transaction, ICIL's holding in Bharti Airtel has come down to 1.49 per cent from 2.47 per cent. Also, the holding of promoters has reduced to 50.27 per cent from 51.25 per cent. Details of the buyers of Bharti Airtel's shares could not be ascertained on the exchange. Shares of Bharti Airtel fell 3.28 per cent to close at ₹1,859.50 apiece on the NSE.
