GSM operators added 3.57 million subscribers in June, with incumbents adding more subscribers than newer players during the month. This is a 0.54% increase from the previous month as the total subscriber base rose to 671.13mn as of June 30, according to the data compiled by GSM operators' body Cellular Operators' Association of India (COAI). Bharti Airtel added the maximum of 1.26mn subscribers, followed by Idea Cellular which added 1.21mn subscribers. Aircel, Vodafone, Uninor and Videocon added 0.61mn, 0.35mn, 0.3mn and 0.13mn, respectively. While state-run BSNL didn't add any subscribers, MTNL lost 0.09mn users, it added. Private operator Loop also didn't acquire any new customers.
In terms of number of subscribers, Bharti Airtel led the tally with 190.91mn, followed by Vodafone with 155.03mn, Idea (124.97mn), BSNL (97.17mn), Aircel (60.97mn), Uninor (32.30mn), MTNL (4.34mn), Loop (3.03mn) and Videocon (2.42mn). Incumbent players in the industry continue to lead significantly in terms of subscriber additions. We maintain our Neutral stance on overall telecom sector.