Vodafone Idea Ltd lost 5.7 million customers in December, the highest since March 2020. The operator has been consistently losing users over the past year as it curtails loss-making operations.
This comes at a time when its competitors Bharti Airtel added 4 million customers, while Reliance Jio added 4.7 million new customers in December.
Vodafone Idea, which has now re-branded to Vi, is rapidly losing market share as rival operators press on with investments into network rollout and upgradation. The operators could lose 50-70 million subscribers in the next 12 months, after losing over 155 million subscribers in the last nine quarters, according to analysts.
The operator's consolidated net loss rose to ₹6,438.8 crore in the third quarter ended December 31, 2019, an increase from ₹5,004.6 crore posted during the corresponding quarter of previous year.
Vodafone’s subscriber base fell to 304 million in Q3 from 311 million in Q2