India to have 9 crore 4G subscribers by 2018, predicts report

A Bank of America Merrill Lynch report has stated that India will have 9 crore 4G subscribers and 18 crore 4G smartphones by 2018. The analysts expect 4G smartphone usage to jump from 5 million devices in financial year 2015 to 18 crore by financial year 2018.

As competition intensifies and volume of 4G devices increase in the market, the analysts expect current 2G subscribers to directly leap to 4G services, and skip 3G.

The 4G market in India is expected to be dominated by four big players, Bharti Airtel, Idea Cellular, Vodafone and Reliance Jio