Vodafone Concept shares declined over 6 p.c in intra-day buying and selling on Wednesday after the Telecom Regulatory Authority of India (Trai) reported a lack of 1,715,975 wi-fi subscribers for the corporate in December 2024. In distinction, rival telecom gamers Reliance Jio and Bharti Airtel continued to increase their subscriber base. Reliance Jio gained 3,906,123 new wi-fi subscribers, whereas Bharti Airtel noticed a web addition of 1,033,009 subscribers throughout the identical interval.
In response to the Trai report, Vodafone Concept had a complete of 126.38 million subscribers, together with each wired and wi-fi connections, as of December 31, 2024. Reliance Jio led the trade with 476.58 million subscribers, adopted by Bharti Airtel with 289.31 million. Different gamers comparable to Bharat Sanchar Nigam and Atria Convergence Applied sciences had 35.33 million and a couple of.27 million subscribers, respectively.
Market Share and Broadband Developments
Reliance Jio continued to dominate the broadband companies market, holding a 50.43 p.c share on the finish of December 2024. Bharti Airtel adopted with a 30.62 p.c share, whereas Vodafone Concept accounted for 13.37 p.c.
In the meantime, whole phone subscribers stood at 1,187.15 million in November. Wireline tele-density in India noticed a marginal enhance from 2.73 p.c to 2.79 p.c. On the wireline entrance, Reliance Jio topped the charts by including 656,823 new subscribers, adopted by Bharti Airtel with 162,945 and Tata Teleservices with 9,278 new additions.
Whole broadband subscribers in India witnessed a slight enhance, rising from 944.76 million in November to 944.96 million in December. Nonetheless, rural phone subscriptions noticed a slight decline, falling from 527.27 million to 526.56 million throughout the identical interval. Wi-fi subscribers grew from 1,148.65 million in November to 1,150.66 million in December, reflecting a month-to-month development charge of 0.17 p.c.
Inventory Efficiency Beneath Stress
Vodafone Concept’s inventory fell as a lot as 6.4 p.c to an intra-day low of ₹6.87. The inventory has suffered a steep decline of over 64 p.c from its 52-week excessive of ₹19.15, recorded in June 2024.
Over the previous yr, Vodafone Concept shares have dropped practically 47 p.c. In March 2025 to date, the telecom inventory is down 7 p.c, following a 16.5 p.c decline in February. Nonetheless, the inventory had gained 14 p.c in January earlier than resuming its downtrend.
With subscriber losses persisting and intense competitors from Reliance Jio and Bharti Airtel, Vodafone Concept continues to face headwinds in sustaining its market place. The corporate’s inventory stays beneath strain as traders monitor its capacity to reverse subscriber losses and enhance monetary efficiency.
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