TELECOM: ALL MAJOR TELCOS LOSE SUBSCRIBERS AMID TARIFF HIKE LED CHURN IN SEP
News: As per data released by the Telecom Regulatory Authority of India (Trai) for September, Jio lost 7.9 million wireless customers, followed by Vodafone Idea (1.5 million) and Bharti Airtel (1.4 million). At the end of September, the wireless user base of Jio declined to 463.8 million as compared to 471.7 million in August. The number of customers fell to 383.4 million from 384.9 million a month earlier for Airtel and to 212.4 million from 214 million for Vodafone Idea.
Views: We highlight that subscribers churn is owing to tariff hike which leads to SIM consolidation for multiple sim users given the higher ARPUs.
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