"Telecom Report"
Record wireless additions led by RCOM; Vodafone, Idea adds continue to rise
Industry wireless subscriber additions jumped 42% Q-o-Q to 15.4 mn, led primarily by RCOM, which contributed a substantial 32% of industry adds in January 2009. Reliance Communications (RCOM) added 4.95 mn subscribers, followed by Bharti Airtel (BHARTI) at 2.7 mn (flat M-o-M), and Vodafone Essar (VE) at 2.4 mn (up 11% M-o-M). BSNL's net adds also jumped sharply ~50% M-o-M to 1.4 mn. RCOM's market share improved 61bps M-o-M to 18.3%, while BHARTI's subscriber market share slipped by 30bps to 24.4%. Excluding Idea, which maintained its subscriber market share M-o-M, all other operators lost subscriber market share to RCOM in January 2009.
Key highlights
§ RCOM: Positive surprise on additions, improves subscriber market share
RCOM added 4.95 mn subscribers in January, comprising 4.5 mn subscribers from CDMA and newly launched GSM circles. Net adds from existing eight GSM circles at 391k were relatively flat M-o-M. On a proforma basis, assuming flat CDMA adds M-o-M at ~1.7 mn, RCOM has approximately added ~2.9 mn subscribers in its newly launched GSM circles. Its market share improved by 61bps M-o-M to 18.3%, while all other operators, excluding Idea, lost market share.
§ VE and Idea additions continue to rise on back of new circle launches
Over the past six months, Idea and VE have shown the maximum M-o-M growth in net additions, primarily led by new circle launches—subscriber adds have jumped 80% for Idea (ex-Spice) and 33% for VE. Idea continues to grow at a robust pace in Mumbai capturing ~59% of the circle's GSM adds; in Bihar it acquired ~12% of the GSM net adds. VE adds in category C circles (launched in the past five months) jumped 35% M-o-M and comprise ~22% of the GSM net adds in those circles.
§ C circles apart, sharp M-o-M jump in subscriber adds in all circles
Category A and B circles cornered the lion's share of subscriber adds, adding ~11.4 mn subscribers (up 46.7% Q-o-Q). Metro circle adds jumped 67.6% M-o-M to 2.2 mn (primarily led by the Mumbai circle) while category C circle adds were up only 6% M-o-M to 1.7 mn.
§ Wireline attrition continues
While incumbents MTNL and BSNL continued to witness sharp attrition of their wireline subscriber base, private players BHARTI, RCOM, and TTSL continued to grow at a steady pace M-o-M. Industry wireline subscriber base dipped ~0.15 mn to ~37.7 mn.
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