India’s 3G and 4G subscribers have tripled to 120 million in 24 months but as affordability increases, the market will expand to 300 million by March 2018, a recent report by independent brokerage and investment group CLSA said here.
“As affordability for 3G and 4G data increases, fuelling data usage and spends, the addressable market will expand to 300 million subscribers by March 2018. India’s 3G and 4G subscribers have tripled to 120 million in 24 months. Yet, current data tariffs limit usage, restricting the market for 3G and 4G to high average revenue per unit ( ARPU) subscribers,” the report said. These 300 million subscribers will account for 60 percent of sector revenues. Bharti Airtel and Reliance Jio, the only operators with pan-India 4G spectrum in 2,300 MHz, will lead this opportunity.