Bad news for Mukesh Ambani as Reliance Jio loses 1.65 crore subscribers in just…., the reason is…

In October alone, Reliance Jio lost 37.6 lakh mobile subscribers.

New Delhi: Mukesh Ambani owned Reliance Jio Infocomm suffered a huge loss as about 1.65 crore subscribers left the network in a span of four months.

In October alone, Reliance Jio, India’s largest telecom operator, lost 37.6 lakh mobile subscribers.

According to the latest report by the Telecom Regulatory Authority of India (TRAI), Vodafone Idea lost 19.3 lakh subscribers in October compared to 15.5 lakh subscribers in September.

On the other hand, Sunil Mittal’s Bharti Airtel Ltd. recorded a gain of five lakh subscribers in October.

According to the pundits, the sharp loss in the number of subscribers could be the tariff hike announced by private players like Jio, Airtel, and Videocon Idea in June as the revised rates came into effect from July.

According to the latest data, India lost about 33 lakh mobile subscribers on a net basis last month, compared to one crore in September.

Meanwhile, state-owned Bharat Sanchar Nigam Ltd (BSNL)has been getting more subscribers adding five lakh customers in October. With this, BSNL’s total gain in the past four months to 68.1 lakh subscribers.

This shows increased interest in its affordable plans and improved rural connectivity.