Telecom industry AGR records 1.46% growth in Q2 FY24: TRAI
telecom industry recorded 1.46% sequential growth in adjusted gross revenue (AGR) to Rs 55,583 in the fiscal second quarter FY24, latest operator performance data released by the Telecom Regulatory Authority of India (Trai) on Friday showed.
Higher quarterly AGR translated into higher licence fee and spectrum usage charge (SUC) collections for the Department of Telecommunications (DoT). The licence fee mop-up climbed 1.53% sequentially to Rs 5,326 crore while SUC collections rose 2.20% on-quarter to Rs 834 crore, data collated by the regulator showed.
All three operators Bharti Airtel, Reliance Jio and Vodafone Idea (Vi), recorded similar growth in their respective AGR numbers.
Vi's AGR grew the maximum at 3.30% followed by Jio's 3.24% and Airtel's 3.04%. However, in terms of absolute numbers, Jio's AGR for the said quarter was the highest at Rs 24,217 crore, followed by Airtel's revenue at Rs 19,841 crore and Vi at Rs 7,508 crore.
Telcos annually pay 8% of AGR as licence fees while the overall SUC payout is well below 1% of AGR after the government had said airwaves acquired from the last 5G auction onwards won’t attract any SUC.
Overall sectoral minutes of consumption declined, with the all-India average minutes of usage (MoU) per subscriber per month from wireless services rose by 1.21% sequentially from 960 to 948 in the quarter ended September. Average wireless data usage per subscriber per month stood at 19.08 GB.
Access services contributed 81.67% of total telecom services AGR.
Trai’s report also
