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India will have 1 billion mobile subscribers by 2020, says report
Posted on: 31/Oct/2016 10:33:16 AM
Global industry body GSMA has said that India is expected to have nearly 1 billion unique mobile subscribers by 2020 up from 616 million such users in June 2016.
The report titled `The Mobile Economy: India 2016 says, At the end of June 2016, 616 million unique users had subscribed to mobile services in India, making it the second-largest mobile market globally, with almost 1 billion unique mobile subscribers expected by 2020. The report forecasts improving affordability, falling device prices, operator investments in network coverage and quality will help deliver an additional 330 million unique subscribers in India by 2020.
According to the report, India overtook the United States to become the world`s second-largest smartphone market with an installed base of 275 million devices. India is expected to see a significant uptake in mobile subscriptions, broadband and connectivity by 2020, marking a period of rapid development of the country`s mobile economy. In addition, the industry is set to invest heavily, with operator capex growing to USD 34 billion, about Rs 2.3 lakh crore, for the period 2016 to 2020.
Officials from GSMA say, To fully realise India`s tremendous market potential, review and reform in key areas, including modernising regulation and long-term planning for spectrum allocation, would accelerate mobile broadband access and adoption across the country.
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