Telecom subscriber base continues to decline for third month in a row: Ind-Ra

Mumbai: The telecom industry’s subscriber base continued to decline month-on-month in May for the third month in a row due to outbreak of COVID-19, which led to issues like movement of migrant labourers to their home towns and SIM card consolidation, India Ratings and Research (Ind-Ra) said in its latest credit news digest released on Monday.

The industry-wide subscriber base declined by 5.6 million subscribers in May, though at a moderate rate as compared to the decline of 8.2 million subscribers seen in April.