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Reliance JIO Won Race For The Most Subscribers; Airtel, VIL Lose

Reliance Jio continued its onward march in July adding the highest number of subscribers during the month, while, Airtel and Vodafone Idea eroded

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Jio, Airtel, VIL, Subscribers
Jio added 85.39 lakh customers in July to take its total subscriber base to 33.97 crore. Wikimedia Commons

Reliance Jio continued its onward march in July adding the highest number of subscribers during the month, while the other major market players, Airtel and Vodafone Idea eroded their subscriber base.

Jio added 85.39 lakh customers in July to take its total subscriber base to 33.97 crore, data released by the Telecom Regulatory Authority of India (TRAI) said on Wednesday.

Vodafone Idea, the largest telecom operator in terms of subscribers and revenue, lost 33.90 lakh subscribers and its total tally at the end of July stood at just over 38 crore.

Bharti Airtel lost 25.8 lakh subscription to pull its subscriber base down to 32.85 crore, the data showed.

State-run BSNL, however, added 2.88 lakh users in July, taking its total base to 11.64 crore. Total number of wireless subscribers stood at 116.83 crore with a net addition of 28.53 lakh users, the TRAI data showed.

Jio, Airtel, VIL, Subscribers
Monthly growth rates of urban and rural wireless subscription were 0.40 per cent and 0.05 per cent respectively. Wikimedia Commons

“Total wireless subscribers (GSM, CDMA and LTE) increased from 1,165.46 million at the end of June 2019 to 1,168.31 million at the end of July 2019, thereby registering a monthly growth rate of 0.24 per cent.

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“Wireless subscription in urban areas increased from 657.27 million at the end of June 2019 to 659.87 million at the end of July 2019 and wireless subscription in rural areas increased from 508.19 million at the end of June 2019 to 508.45 million at the end of July 2019,” it said.

Monthly growth rates of urban and rural wireless subscription were 0.40 per cent and 0.05 per cent respectively. (IANS)

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Netflix Adds More Subscribers, Braces for Higher Competition

In its letter to shareholders, Netflix exuded confidence of weathering the competition from Apple and Disney

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FILE - The Netflix logo is seen on their office in Hollywood, Los Angeles, California. VOA

Netflix added 6.8 million subscribers in the third quarter of this year internationally, compared to seven million it had forecast, even as the streaming giant braces for stiff competition as Apple and Disney prepare to launch similar services.

Netflix reported $5.2 billion in revenue in the third quarter, up 31 per cent over the prior year, and operating income doubled to $1 billion.

“In Q3, our guidance forecast was our most accurate in recent history,” Netflix said on Wednesday in a letter to shareholders.

The results cheered investors as shares of the streaming giant rose over five per cent in after hours trading.

“We have been moving increasingly to original content both because of the anticipated pullback of second run content from some studios and because our original content is working in the form of member viewing and engagement,” Netflix said, adding that its “Stranger Things Season 3” emerged as its most watched season to date with 64 million member households in its first four weeks.

Netflix said that it will continue to expand its non-English language original offerings because they help the company increase penetration in international markets.

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The new plans appearing on Netflix India’s website lists the weekly mobile-only plan for Rs 65, basic plan for Rs 125. Pixabay

“‘The Naked Director’ broke out as the biggest title launch for us in Japan and was also highly successful throughout Asia. Similarly, in India, we debuted the second season of ‘Sacred Games’, our most watched show in India,” the company said.

“To date, we have globally released 100 seasons of local language, original scripted series from 17 countries and have plans for over 130 more in 2020. We also plan to expand our investment in local language original films and unscripted series,” it added.

In its letter to shareholders, Netflix exuded confidence of weathering the competition from Apple and Disney.

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“The upcoming arrival of services like Disney+, Apple TV+, HBO Max, and Peacock is increased competition, but we are all small compared to linear TV,” Netflix said.

“The launch of these new services will be noisy. There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance. In the long-term, though, we expect we’ll continue to grow nicely given the strength of our service and the large market opportunity,” it said. (IANS)