The Telecom Regulatory Authority of India (TRAI) has released its data on subscribers (subs) for Nov’22. Industry-wide active sub-base dipped by 4.5mn MoM (vs rise of 2.8mn in Oct’22 and 0.5mn in past six months) with Bharti Airtel (Bharti) adding 1.0mn subs (vs 0.9mn in past six months).