As per the latest data released by the Telecom Regulatory Authority of India (TRAI), the telecom industry experienced a 2.53 per cent sequential increase in adjusted gross revenue (AGR) in the fourth quarter of FY23 to Rs 644.94 billion, owing to the spillover effect of tariff hikes implemented by private carriers in November, 2021.

However as per the data, Reliance Jio claimed the largest sequential AGR rise, ahead of Bharti Airtel (Airtel), while Vodafone Idea Limited (Vi) reported a decline.  Jio’s quarterly AGR, or revenue from licenced services, increased 1.7 per cent sequentially to Rs 229.85 billion, while Airtel’s increased 1.15 per cent sequentially to Rs 185 billion and Vi’s decreased 1.61 per cent sequentially to Rs 72.1 billion in the quarter ended March 2023.

For the Department of Telecommunications (DoT), a greater quarterly AGR resulted in increased licence fee collections up 2.53 per cent sequentially to Rs 51.59 billion, although spectrum usage charge (SUC) collections declined sequentially 6.94 per cent to Rs 7.55 billion again.

Additionally, the all-India average minutes of usage (MoU) per subscriber per month from wireless services increased 2.97 per cent sequentially to 946 in the quarter ended March 2023, whereas access services accounted for 80.06 per cent of overall telecom services AGR.