Jio And Vodafone Idea Lose Customers, Airtel Gains In Feb, Shows TRAI Data
Jio customer base erodes for third month on the trot though the firm makes gains in number of active users
Topics
Reliance Jio | Vodafone Idea | Airtel
Reliance Jio and Vodafone Idea reported month on month decline in wireless subscribers while Airtel showed gains in February, according to Telecom Regulatory Authority of India data.
Jio lost over 3.6 million subscribers and its total customer base stood at 402.7 million. This was the third consecutive month of negative growth for the country’s largest mobile service provider.
Jio however continues to show gains in number of active users and according to TRAI data it stood at 94 per cent of its total base in February. The figure of active subscribers stood at 78 per cent seven months ago. Jio has been de-recognizing inactive users that has resulted in this positive trend.
Vodafone lost over 1.5 million subscribers and its customer count slipped to 263.5 million. Airtel added 1.59 million new users and its customer count increased to 358 million.
Mobile companies took a 20 per cent tariff hike in prepaid plans towards the end of November that has resulted in consolidation of SIM cards. Following its third quarter result in February, Jio had also said its repurposing its customer retention efforts aimed to improve the quality of base and to reduce its costs.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
First Published: Tue, April 19 2022. 19:39 IST
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more