Tuesday January 28, 2020
Home India Reliance Jio ...

Reliance Jio Adds 85 Lakh Subscribers in December; Airtel, Vodafone Idea Lose Users

The total subscriber base of Airtel was 34.03 crore, down 15.01 lakh from November, the data showed

0
//
Jio
Jio services now include attractive lifestyle products as well. (Wikimedia Commons)

Reliance Jio continued to increase its subscriber base in December as other major telecom operators Vodafone Idea and Bharti Airtel lost users during the period, data released by the Telecom Regulatory Authority of India (TRAI) showed on Wednesday.

Reliance Jio added 85.6 lakh subscribers during the month under review, taking its total subscriber base to 28.01 crore.

“Total wireless subscribers (GSM, CDMA and LTE) increased from 1,171.76 million (117.17 crore) at the end of November 2018 to 1,176.00 million (117.6 crore) at the end of December 2018, thereby registering a monthly growth rate of 0.36 per cent,” TRAI said in a statement.

Reliance Jio. Source: www.reliancejio.website

Vodafone Idea, the largest telecom operator in terms of subscribers, lost around 23.32 lakh subscriptions and its base by December-end stood at 41.87 crore.

Also Read- Saudi Arabia to Cooperate with India in Combating Terrorism

The total subscriber base of Airtel was 34.03 crore, down 15.01 lakh from November, the data showed.

On region-wise subscription trend, TRAI said that “during the month of December 2018, all service areas except the northeast, showed positive monthly growth in their wireless subscribers”. (IANS)

Next Story

Vodafone Quits Facebook’s Libra Cryptocurrency Project: Report

The Libra project, which is still in development, aims for the launch of its first version this year

0
vodafone
Vodafone logo. Pixabay

Vodafone has become the latest big player who have decided to quit Facebook’s controversial Libra cryptocurrency project.

Vodafone joins PayPal, Mastercard, Visa, Mercado Pago, eBay, Stripe and Booking Holdings in withdrawing from the controversial project — and is the first company to exit after the Libra Association was formed in October last year, coindesk reported on Tuesday.

The companies left owing to concerns about heightened regulatory scrutiny.

“We can confirm that Vodafone is no longer a member of the Libra Association. Although the makeup of the Association members may change over time, the design of Libra’s governance and technology ensures the Libra payment system will remain resilient,” the Libra Association said in a statement.

“The Association is continuing the work to achieve a safe, transparent, and consumer-friendly implementation of the Libra payment system.”

Despite top-notch firms pulling out, Facebook and 20 partner organisations formally joined the digital currency Libra project in Geneva in October.

The Libra Association said that more than 1,500 entities have expressed an interest in joining the digital currency project.

facebook, servicefriend, startup, cryptocurrency, libra
Representations of virtual currency are displayed in front of the Libra logo in this illustration picture. VOA

Several US senators have opposed Facebook’s digital coin, arguing that the social networking giant has been irresponsible with user data privacy. They have even called the digital cryptocurrency Libra “delusional” and “dangerous”.

Facebook CEO Mark Zuckerberg testified before Congress in October about Libra, defending the idea, but acknowledging the struggles left to overcome.

Libra has failed in its current form, according to the President of Switzerland.

Also Read: Digital Transactions in Delhi-NCR Grew by 235% Last Year: Razorpay

In a media interview, Swiss President and Finance Minister Ueli Maurer stated that Libra does not have a chance of being successful “because the basket of currencies that is deposited in this currency is not accepted by the national (central) banks”.

“The project in this form has actually failed,” Maurer was quoted as saying.

The Libra project, which is still in development, aims for the launch of its first version this year. (IANS)