Bharti Airtel sees more wireless additions via M2M vs Jio in last seven months: IIFL Securities

NEW DELHI: Bharti Airtel has seen 70% of its wireless subscriber gains through the machine-to-machine (M2M) segment over the last seven months, compared to just 30% for its closest rival Reliance Jio, according to IIFL Securities.

‘While Jio and Bharti have added similar wireless subs in the last seven months, the mix is quite different. 70% of Bharti’s additions are M2M, probably due to its larger Enterprise presence vs 30% for Jio,’ the brokerage firm said in a research note analysing the latest subscriber data put out by the Telecom Regulatory Authority of India (TRAI).