Airtel’s Active User Growth Surges; Jio Stagnant

Airtel vs Jio: Active User Base

Trai information showed Airtel’s energetic individual base leapt to 387 million in end-January while Jio’s was unchanged at 446 million. Vi’s active customer base diminished even more to 176 million, highlighting the criticality of its pending financial obligation raise for executing its targeted Rs 55,000 crore capex strategy over the following 3 years to complete properly with its bigger rivals.

Airtel’s VLR Ratio Strengthens

This caused Airtel’s VLR proportion reinforcing to 99.9% in Jan ’25 (99.2% in Dec’24), while Jio’s decreased a little month-on-month to 95.7% (95.8% in Dec’24). Vi’s VLR proportion was essentially unmodified at a shade over 85%.

Airtel obtained 4.7 million active customers in January contrasted to Jio’s small 0.01 million includes while Vi lost an additional 0.7 million such customers, according to telco client data produced by the Telecommunications Regulatory Authority of India (Trai). State-run BSNL too acquired 0.7 million energetic customers, the information showed.

Bharti Airtel showcased substantial growth in energetic users in January 2025, including 4.7 million, while Dependence Jio’s energetic customer base stayed virtually unmodified. Vodafone Idea proceeded to experience losses, dropping 0.7 million active users.

UBS on Tariff Hike Expectations

“Bharti has actually outperformed in an or else level market, and offered this gap in performance, our team believe the next toll walk might take longer versus consensus expectations of an additional cost walk in FY26,” UBS claimed in a note. The Swiss broker agent included that it “remains concerned” at the marketplace’s capability to absorb one more significant tariff hike in FY26.

Airtel Leads in M2M Connections

Airtel additionally reinforced its leadership position in the M2M cellular mobile links space with a 52.4% market share. Jio’s M2M belows market share was mainly constant mommy at 17.4% in Jan ’25 (vs. 17.5% in Dec’24) while Vi’s market share on this rating decreased mama to 25.1% (vs. 26.2% in Dec’24), as per the current Trai information.