• About
  • Contact
Monday, March 8, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Reliance Jio Gain More Users Than Rivals As Vodafone Continues To Loose Users

Pritish raj by Pritish raj
May 9, 2020
in News, Tech
2 min read
0
Reliance Jio Platforms ADIA Digital Users UPI- Next Big Brand

Jio UPI- Next Big Brand

Share on FacebookShare on Twitter
  • Mukesh Ambani’s telecom disrupter Reliance Jio Infocomm continued to expand its lead over its rivals in January, adding 6.56 million users during the month
  • Reliance Jio’s user base was 376.57 million, with Vodafone Idea second at nearly 329 million.

Mukesh Ambani’s telecom disrupter Reliance Jio Infocomm continued to expand its lead over its rivals in January, adding 6.56 million users during the month even as Vodafone Idea’s cash-strapped customer base continued to erode, data from India’s Telecom Regulatory Authority (TRAI) revealed.

At the end of January, Reliance Jio’s user base was 376.57 million, with Vodafone Idea second at nearly 329 million.

Having lost 3.62 million users in the month, the distance between Vodafone Idea and Sunil Mittal-owned Bharti Airtel was less than 1 million at the end of January, and it is highly likely that Vodafone Idea may have fallen to the third position since then if the pattern has continued

In January Bharti Airtel added 854,262 users, bringing its total subscriber base to 328.15 million.

Vodafone Idea has lost some 500,000 cellular broadband subscribers, mostly 4 G LTE customers, bringing its mobile broadband userbase to 117.93 million in January.

By comparison, during the month Bharti Airtel added 4.36 mobile broadband subscribers, bringing its user base to 142.34 million.

Both smartphone subscribers to Reliance Jio are 4 G customers, and they are directly counted as customers of mobile broadband.

State-owned operator Bharat Sanchar Nigam Ltd has continued to add users, with its subscriber base rising to 119.24 million from 1.22 million.

As of January end, India’s total mobile subscriber base stood at around 1.16 billion, of which 986.42 million were active, TRAI data showed.

Reliance Industries (RIL) will sell 2.3 percent of the Jio Platforms stake to Vista Equity Partners for ~11.367 crores, giving it’s subsidiary a 4.91 trillion equity valuation. This is RIL’s third-largest stake sale in Jio in just over two weeks, with social media giant Facebook and private equity (PE) Silver Lake participating in earlier rounds.

The 2.3 percent stake sale is at a marginal premium to the Silver Lake deal where a 1.15 percent stake has been paid by the PE fund for 5,655.75 crores. The Vista deal thus comes to the Silver Lake deal at a premium of just 0.5 percent.

Three global companies now own 13.4 percent in Jio Platforms now owns. All three transactions are subject to regulatory approvals, with Facebook likely to undergo tighter scrutiny given net neutrality concerns.

All these global investors investing in Jio Platforms will make it further difficult for the rivals of Jio to compete in upcoming times. 

Previous Post

Richest Man In Asia, Mukesh Ambani Earns $8 Bn In Less Than 3 Weeks

Next Post

LVMH Founder Bernard Arnault Has Lost $30 Bn During COVID19 Crisis

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo
Industries

Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo

March 8, 2021
Richa Kar- Fought against all Odds to Establish Zivame, an Online Lingerie Platform
News

Richa Kar- Fought against all Odds to Establish Zivame, an Online Lingerie Platform

March 7, 2021
Divya Gokulnath: Women Power Behind the Success of Byju’s
News

Divya Gokulnath: Women Power Behind the Success of Byju’s

March 6, 2021
Vineeta Singh-CEO of SUGAR: NBB
News

Vineeta Singh: an IIM Alumnus who Turned Down 1 Crore Job Offer for Startup Journey

March 5, 2021
Walmart owned Flipkart Eyes IPO through SPAC Route
News

Walmart owned Flipkart Eyes IPO through SPAC Route

March 5, 2021
Noise ranked as India’s No.1 Wearable Watch Brand in 2020 by IDC
News

Noise ranked as India’s No.1 Wearable Watch Brand in 2020 by IDC

March 5, 2021
Next Post
Bernard Arnault- Next Big Brand

LVMH Founder Bernard Arnault Has Lost $30 Bn During COVID19 Crisis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.

Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.

2 months ago
tiktok downloads

India Becomes Leader In TikTok Downloads, Brands Jump for Ads

1 year ago
FreshToHome Funding- Next Big Brand

FreshToHome Raises $121 mn Funding With Expansion Plans To UAE & India

4 months ago
Netflix & Prime Video Dominate Indian OTT Space Followed By Disney+ Hotstar

India Is Fastest Growing OTT Market With 28.6% Annual Growth: PwC

5 months ago

FOLLOW US

  • 29.1k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo
  • Richa Kar- Fought against all Odds to Establish Zivame, an Online Lingerie Platform
  • Divya Gokulnath: Women Power Behind the Success of Byju’s

Instagram

Follow Me!

Latest News

Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo

Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo

March 8, 2021
Richa Kar- Fought against all Odds to Establish Zivame, an Online Lingerie Platform

Richa Kar- Fought against all Odds to Establish Zivame, an Online Lingerie Platform

March 7, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.