Indian telecom stocks such as Vodafone Idea Ltd lost ground on Thursday after the industry regulator released monthly data that showed a bleak rise in the country's mobile phone customer base.
The country's mobile phone customer base rose 0.06 per cent, or a net 0.72 million, to 1.
17 billion in October, data released by Telecom Regulatory Authority of India (TRAI) showed on Wednesday.
Vodafone Idea, the country's largest telecom operator by subscribers, lost 7.4 million users, while Bharti Airtel Ltd, the No. 2 telecom.