December 30, 2015 / 2:16 PM / in 2 years

India mobile subscribers rise to more than 1 billion

MUMBAI (Reuters) - India’s mobile phone subscriber base peaked to more than 1 billion users for the first time, data released by the telecom regulator on Wednesday showed, making India the only country after China to achieve that milestone.

A pedestrian walks past an Apple iPhone 6 advertisement at an electronics store in Mumbai, India, July 24, 2015. REUTERS/Shailesh Andrade/Files

Total wireless subscribers in Asia’s third-largest economy rose to more than 1 billion at the end of October from 996.7 million at September-end, the data showed.

Mobile subscriptions in India have surged in recent years, helped by the launch of cheaper smartphones and record low call rates as a result of a cut throat competition among mobile phone operators to expand customer base.

Reporting by Himank Sharma, editing by William Hardy

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