Shan Ahmed Khan

Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments across global markets. He worked in investment research and market analysis before becoming a financial journalist and is a graduate of the Lahore University of Management Sciences (LUMS).

New TRAI data shows Airtel beat Jio on December user adds as India broadband tops 1 billion

New TRAI data shows Airtel beat Jio on December user adds as India broadband tops 1 billion

Bharti Airtel picked up the most new wireless subscribers in December, adding roughly 5.4 million. Rival Reliance Jio, still the market leader, tacked on close to 3 million, according to numbers from TRAI. Vodafone Idea dropped about 0.94 million subscribers, with BSNL also down by around 0.21 million. That left Jio sitting on 489.05 million wireless users by the end of December, while Airtel had 463.38 million. In broadband, Jio continued to dominate, reporting 514 million subscribers, ahead of Airtel’s 314 million and Vodafone Idea’s 128 million. Active user data from the visitor location register showed roughly 1.16 billion SIMs on the network. Airtel’s active base came in at nearly 99%, while BSNL’s lagged at 58.2%.
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Buy

Alphabet

Alphabet (NASDAQ:GOOGL) 92/100 ★★★★★
#2 Buy

Amazon

Amazon (NASDAQ:AMZN) 90/100 ★★★★★
#3 Accumulate

NVIDIA

Nvidia (NASDAQ:NVDA) 89/100 ★★★★½
#4 Accumulate

Microsoft

Microsoft (NASDAQ:MSFT) 86/100 ★★★★☆
#5 Selective buy

Meta Platforms

Meta Platforms (NASDAQ:META) 84/100 ★★★★☆
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Empire State Manufacturing

A figure above or below the 12.0 consensus could impact Treasury yields, the dollar, and cyclical stocks by influencing short-term growth outlooks.

#2

NAHB Housing Sentiment

A reading above or below 33 will influence expectations for housing demand, mortgage rate trends, and homebuilder stocks.

#3

Fabrinet After the Close

Investors are focusing on revenue, margins, and comments on datacom as key factors for companies involved in optical networking and AI infrastructure supply chains.

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