Bharti Airtel is one of the most valued company of India. It is also the leading telecom provider in India. Reliance Communications follows Airtel in market capitalization. Interestingly the same order holds good for the total number of subscribers these telecom companies has.
Bharti has a subscriber base of 91.1 million and added 2.7 million subscribers in Feb 2009. Reliance added 3.3 million new subscribers in FEB 2009 to take the total to 69.6 million. Reliance rolled out its GSM operations late last year following which there was a surge in the number of new subscribers. It also added more subscribers than Airtel in a month.contact game
Following MTNL is the list of other telecom providers in infrastructure, equipment and value added services. Vodafone-Essar which has 66 million subscribers is not listed on the Indian Bourses.
BSNL is also not listed and that is the reason why it is not in the list. If listed it could be one of the top companies. There is a lot of things happening around BSNL’s IPO even before the recession started. Now, that the recession has started the IPO plans were postponed. But, BSNL will dilute 10% stake sooner than later.
*Market valuations as on 20 MAR 2009. Source (ETIG)
List of top 30 Telecom companies in India :
|Company Name||Market Cap in Crores|
|XL Telecom & Energy Limited||55.96|
|Goldstone Infratech Ltd||52.6|
|Mobile Telecommunications Ltd||17.37|
|Aishwarya Telecom Ltd||9.86|