Vodafone Idea shares slide over 6% amid subscriber losses in December

Vodafone Idea shares declined over 6 percent in intra-day trading on Wednesday after the Telecom Regulatory Authority of India (Trai) reported a loss of 1,715,975 wireless subscribers for the company in December 2024. In contrast, rival telecom players Reliance Jio and Bharti Airtel continued to expand their subscriber base. Reliance Jio gained 3,906,123 new wireless subscribers, while Bharti Airtel saw a net addition of 1,033,009 subscribers during the same period.

According to the Trai report, Vodafone Idea had a total of 126.38 million subscribers, including both wired and wireless connections, as of December 31, 2024.