Telecom subscriber base rises by 5.6 mn in March 2024, led by Jio, Airtel

The Indian telecom sector saw a significant surge in active subscribers in March 2024, with the total base rising by 5.6 million, marking the highest monthly additions in a year, according to an analysis by Jefferies.

Leading the charge were telecom giants Reliance Jio and Bharti Airtel, contributing 3.6 million and 2.8 million new active subscribers, respectively.

However, Vodafone Idea (Vi) faced continued losses, shedding 0.6 million subscribers, losing active subscribers for the fourth consecutive month

Jio surpassed Airtel in active subscriber additions after trailing for the past three months.