Telecom sector sees major user losses in July 2024: Reliance Jio, Bharti Airtel, and Vodafone Idea report declines

The telecom sector in India faced significant challenges in July 2024, with leading companies Reliance Jio, Bharti Airtel, and Vodafone Idea all reporting substantial user losses compared to the previous month. Here’s a breakdown of the user statistics for July:

Telecom Company Net Loss (July 2024) Previous Month Net Addition/Loss
Reliance Jio 7.58 Lk Users +19.11 Lk Users
Bharti Airtel 16.9 Lk Users +12.52 Lk Users
Vodafone Idea 14.13 Lk Users -8.60 Lk Users

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  • Reliance Jio recorded a net loss of 7.58 lakh users, a sharp drop from the 19.11 lakh users added in the previous month.
  • Bharti Airtel saw a net loss of 16.9 lakh users, following its growth of 12.52 lakh users in the prior month.
  • Vodafone Idea continued its downward trend with a net loss of 14.13 lakh users, worsening from the 8.60 lakh users lost in June.

This decline signals a challenging period for the telecom sector, with heightened competition and market dynamics influencing subscriber shifts.