The Telecom Regulatory Authority of India (TRAI) has released its data on subscribers (subs) for Feb’23. Industry-wide active sub base rose by 2.8mn MoM (vs rise of 3.9mn in Jan’23 and rise of 1.9mn average in past six months) with Bharti Airtel (Bharti) adding 0.8mn subs (vs 1.7mn in past six months); it was adversely impacted by the rise in minimum recharge.