Mobile Operators In India Making Big Bucks

The Indian mobile market is growing in leaps and bounds, and promises to heat up even more. The current rate of customer acquisition is a mighty seven million new customers monthly.

Those who have posted huge profits and are seeing rapid growth are Bharti Airtel, Reliance Communications (RCOM) and Idea Cellular.

The increasing expansion of market share for these companies is selling their shares like hot cakes on stock markets across the country. No one is surprised to know that stocks of all the three are trading strong, at levels higher than those a month ago.

The Indian mobile market has been on a growth curve for several years now. But, nowadays, cell companies are not getting as much revenue from each of their subscribers as they did in the past. The reason is the outbreak of cutthroat competition among operators and the schemes that companies are using to entice more number of customers.

It doesn’t look like things will slow down much in coming months, especially as Reliance has announced the first sub $20 US handset on the market. An increase in sales is likely.

Resource: TMCNet