India overtakes China; adds 5.84 mn mobile subscribers

India overtakes China; adds 5.84 mn mobile subscribers

"The frontline telecom stocks have been in the limelight for quite some good reasons and have continued to witness buying scaling new heights on the bourses. When we look at the subscriber base it has risen at a scorching pace overtaking China. In the month of August the mobile subscriber base increased by 5.28% m-o-m to 116.5 million for August 2006 as compared to 110.7 million in July 2006.
The net addition of 5.84 million in August 2006 was the largest ever in Indian mobile industry. Joint MD of Bharti Airtel Cellular, Akhil Gupta says that cellular additions are sustainable in the 5-5.5 million range. "