Telecom industry has lost 8.2 million subscribers during the complete lockdown in April, and Covid-19 pandemic will continue to keep customer additions under pressure, according to a report.
The decline in subscriber base during April was preceded by a loss of 2.8 million connections in March, which saw the lockdown being imposed towards the end, India Ratings and Research said in note.
The biggest losers were Bharti Airtel and Vodafone Idea, it said, adding sector leader Reliance Jio witnessed a growth in its base.
"The industry-wide subscriber base declined month-on-month by 2.8 million and 8.2 million in March and April 2020, respectively. The