Business

Reliance Jio loses over 1.6 crore subscribers in four months

December 23, 2024

New Delhi, Dec 23

Reliance Jio Infocomm Ltd, India's largest telecom operator, has seen a decline of nearly 1.65 crore subscribers over the past four months.

Reliance Jio lost 37.6 lakh mobile subscribers in October, 79 lakh in September 2024, 40 lakh in August 2024 and over 7.58 lakh in July 2024.

According to the Telecom Regulatory Authority of India (TRAI) data, India's second-largest telecom company, Airtel, gained nearly 24 lakh subscribers in October, after losing more than 14.3 lakh subscribers in September.

Airtel lost 24 lakh subscribers in August 2024 and 16 lakh subscribers in July 2024. Vodafone Idea lost more than 19 lakh mobile subscribers in October, compared to a decline of 15.5 lakh in September.

The decline in the subscriber base for the private telecom player can be attributed to the tariff hike by the companies in mid-2024, which came into effect in July.

Meanwhile, state-owned telecom company Bharat Sanchar Nigam Ltd (BSNL) continued to gain subscribers. BSNL added five lakh customers in October.

BSNL added over 68 lakh subscribers in the last four months.

 

 

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