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GSM net adds at new high, cross 8m in October
Indian GSM operators continued to exhibit healthy subscriber growth in
October, taking the GSM subscriber base to 242m. GSM subscriber
additions in August came in at 8.08m, compared with 7.69m in
September 2008 assuming steady net additions for RCOM GSM. Aircel
and BPL maintained their run rate. BSNL continued to lose market
share, adding 669,551 subscribers.
Bharti maintains lead; under pressure in Bihar circle
Bharti maintained its run rate adding 2.72m subscribers but remains well
ahead of the competition in terms of subscriber additions. Bharti
witnessed pressure in net additions in Bihar circle with the launch of
operations by Idea and Vodafone. Bharti’s marketshare of GSM net
additions has declined to 33.7% from 40.4% in August 2008. Decline in
marketshare for Bharti due to expansion of operations by regional
players is already built into our estimates.

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