Telecom operator lose subscribers in September

Telecom operator lose subscribers in September

Shares of telecom companies declined after data for September showed a decline in the total number of wireless subscribers in India.
Reliance Jio Infocomm remained India’s largest telecom operator by active users for the third consecutive month, adding more regularly paying subscribers than Bharti Airtel Ltd. in September. The company added as many as 47.3 lakh net active subscribers, compared to its six-month average of 43.8 lakh, according to data released by the Telecom Regulatory Authority of India with a lag.

That came even as the Mukesh Ambani-controlled telecom operator lost a significant chunk of gross subscribers.
Bharti Airtel added 60,000 active subscribers in September—lower than its six-month average user addition of 12.2 lakh. Vodafone Idea continued to lose active users, but narrowed the outward migration from its network to 7.5 lakh compared with 32.7 lakh on an average in the last six months.

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