Telcos might post 10-15% decline in recharge volumes due to lockdown

Reliance Jio, Airtel, and Vi are likely to face another issue due to lockdown as they are expected to report a 10 to 15 percent decline in prepaid recharging. Also, customers are not stepping out to recharge their mobile numbers as offline shops are not functional. “Offline recharges have almost died out since Corona started last year, but we are dependent on online SIM deliveries now,” a Vodafone Idea Mini Store owner was quoted by ET. The store owner said that telcos send to retailers whenever there is a demand.

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