Bharti Airtel and Reliance Jio are neck and neck in terms of active mobile subscriptions, and hence the industry is unlikely to see any unanimous tariff hikes in 2021-22, a report said on Tuesday. Domestic credit rating agency Crisil’s research wing pointed out that there is a close contest between the top two telcos, when one goes by active subscriber base with Jio’s share at 33.7 per cent and Airtel’s at 33.6 per cent. The report said there is an universe of 250-300 million active non-4G subscriber base, which will be on the radar of the telecos for conversion to 4G users in order to increase revenues. It said Jio’s recently launched JioPhone 2021 plans offering handsets along with one and two-year unlimited calling validity for Rs 1,499 and Rs 1,999, respectively. In the best case, 4G subscribers may rise to 820 million by the end of this fiscal year from 720 million in 2020-21 end, assuming restrictions last only for the current quarter. In the bear case, where lockdown extend through the second quarter, the number will reach 800-810 million.
Source: Business Today