COVID-19 Impact: Telecom Industry lost 82L customers in April

Telecom Industry has lost 82 L subscribers during the lockdown in April. Reportedly, this pressure will grow. Bharti Airtel and Vodafone Idea suffered the most. Conversely, Reliance witnessed a growth in its subscriber base. The COVID-19 induced lockdown has affected all sectors. Analysts say that GDP will contract by over 5% in FY21. Broadband subscriber base also declined by 11.1 M in April. This accounts for 57% of telcos’ overall decline.

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