Reliance Jio has once again emerged as the top performer in India’s telecom sector, according to the latest subscription data released by the Telecom Regulatory Authority of India (TRAI). Analysts and brokerage houses reviewing the November 2025 numbers have highlighted Jio’s continued leadership in adding wireless subscribers as well as growing its active user base, reinforcing its strong position in the market.
Strong Wireless Subscriber Additions Keep Jio Ahead
As per analyst reports, Reliance Jio added around 1.2 million new wireless subscribers in November 2025, the highest among all operators. This performance has helped Jio stay ahead of competitors for the ninth consecutive month in terms of active user growth. In contrast, other telecom operators reported significantly lower additions or even subscriber losses during the same period, underlining Jio’s sustained momentum.
Only Operator to Record Growth in Active (VLR) Users
According to analyses by leading brokerage firms such as Jefferies, Morgan Stanley and Kotak Institutional Equities, Jio was the only telecom company to register an increase in active subscribers, measured through the Visitor Location Register (VLR), in November. Analysts note that Jio outperformed Bharti Airtel and other rivals for the ninth straight month on this critical metric, which is closely linked to revenue generation and ARPU trends.
VLR Market Share Expands Across Most Circles
Jio’s VLR market share improved in 17 out of India’s 22 telecom circles, with Jammu & Kashmir and Punjab recording the strongest growth. Overall, Jio’s active VLR market share rose to 43.7% in November, reflecting a month-on-month increase of about 25 basis points. During the same period, Airtel, Vodafone Idea and other operators saw marginal declines in their respective shares, highlighting Jio’s growing dominance in high-quality, active subscribers.
Home Broadband and 5G FWA Continue to Drive Growth
Jio’s leadership was equally evident in the home broadband segment. As per Kotak’s report, nearly 68% of total broadband net additions in November came from Jio alone. The company also maintained its edge over Airtel in both mobile broadband and fixed wireless access (FWA). Morgan Stanley’s analysis indicates that in 5G FWA and overall fixed wireless access, Jio added nearly two-and-a-half times more subscribers than Airtel, strengthening its position in next-generation connectivity services.
Analyst Outlook Remains Positive
Analysts believe that Jio’s consistent performance across wireless, active users, home broadband and 5G FWA reflects the strength of its network expansion and customer acquisition strategy. With rising active subscriber share and leadership in high-growth broadband segments, Jio is expected to remain a key driver of growth and competitive intensity in India’s telecom market in the months ahead.
Also read – Jio Leads Rajasthan with 2.70 Crore Subscribers, Adds Over 1.16 Lakh New Users in October
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