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TRAI Data Reveals Jio Gains Subscribers and Vodafone Loses Subscribers

As per the TRAI's monthly subscription data, apart from Jio, BSNL was the only operator which added subscribers

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Monthly growth rates of urban and rural wireless subscription were 0.40 per cent and 0.05 per cent respectively. Wikimedia Commons

Reliance Jio continued to be on a spree on net addition of mobile subscribers adding over 82 lakh new users while Airtel lost 29,883 and Vodafone Idea had to let go of a massive 41 lakh customers as on June 30, 2019, according to data released by the Telecom Regulatory Authority of India (TRAI).

As per the TRAI’s monthly subscription data, apart from Jio, BSNL was the only operator which added subscribers. The state operator added 2.66 lakh new users in June.
Jio now has 334 million users. In May, Airtel had lost 15 lakh subscribers and Vodafone Idea had lost 57 lakh users as the telcos started to remove low value packs from their plans to improve average revenue per user (ARPU).

At the end of June 30, Vodafone Idea had a market share of 32.90 per cent followed by Reliance Jio at 28.42 per cent with Airtel trailing at 27.42 per cent. BSNL has a market share of 9.98 per cent.

During the month of June, 2019, a total of 4.34 million requests were received for mobile number portability (MNP). The cumulative MNP requests increased from 437.15 million at the end of May 2019 to 441.49 million at the end of June 2019, since the implementation of MNP.

Vodafone has launched a new monthly minimum recharge plan for Rs 45 across India to boost revenue and it has been weeding out low value vouchers to improve revenue per user.

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As on 30th June, 2019, the top five Wireless Broadband Service providers were Reliance Jio Infocomm Ltd (331.26 million), Bharti Airtel (119.09 million), Vodafone Idea (110.50 million), BSNL (12.87 million) and Tata Teleservices (1.40 million). Wikimedia Commons

Wireline subscribers further declined from 21.29 million at the end of May, 2019 to 21.17 million at the end of June 2019. The net decline in the wireline subscriber base was 0.12 million with a monthly decline rate of 0.56 per cent.

As on 30th June 2019, the top five Wired Broadband Service providers were BSNL (9.05 million), Bharti Airtel (2.40 million), Atria Convergence Technologies (1.45
million), Hathway Cable & Datacom (0.84 million) and MTNL (0.74 million).

As on 30th June, 2019, the top five Wireless Broadband Service providers were Reliance Jio Infocomm Ltd (331.26 million), Bharti Airtel (119.09 million), Vodafone Idea (110.50 million), BSNL (12.87 million) and Tata Teleservices (1.40 million). Total wireless subscribers (GSM, CDMA & LTE) increased from 1,161.86 million at the end of May, 2019 to 1,165.46 million at the end of June, 2019, thereby registering a monthly growth rate of 0.31 per cent.

Also Read: People in India Get the Best Good Night’s Sleep: Survey

Wireless subscription in urban areas increased from 656.27 million at the end of May, 2019 to 657.27 million at the end of June 2019 while wireless subscription in rural areas increased from 505.59 million at the end of May 2019 to 508.19 million at the end of June 2019. (IANS)

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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

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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.

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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)