LCOs add more Broadband Users

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Local Cable Operators (LCO) across India “continued to lead” wired broadband subscriber additions charts, ICICI Securities said in a report on Thursday. The report is on the heels of the Telecom Regulatory Authority of India (TRAI) on Wednesday releasing the Telecom Subscription Data for the period ended October 31, 2020.
The TRAIi data highlights that the wired broadband service providers across the country added 390,000 users in one month. While the large telecom operators including Reliance Jio and Bharti Airtel added 180,000 and 70,000 wired broadband users respectively in October, ICICI Securities said that the net additions by LCOs were higher.
Motilal Oswal in its report said that the “growth in wired broadband subscribers remains steady” with the total subscriber count hitting 21.5 million as on October 31, 2020. The firm said that the “regional players” between March, 2020 to August, 2020 “accounted for 84% of the overall wireline subscriber growth of 7%.”
“Nevertheless, the market for even regional players remains buoyant, especially in the recent lockdown, as our channel check suggests there is increased demand for low ARPU conventional home broadband connectivity,” Motilal Oswal said in its November report.
It has to be noted that Bharat Sanchar Nigam Limited (BSNL) continues to be the largest operator in the wired broadband segment with 7.75 million users, translating to a 36% market share. Further, Airtel, Atria Convergence Technologies (ACT), Reliance Jio and Hathway Cable and Datacom continue to remain the top five largest wired broadband service providers in India.

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