Telecom sector AGR up 6.77% on qtr in Jan-Mar period: Trai

MUMBAI: The telecom sector recorded 6.77% sequential growth in adjusted gross revenue (AGR) in the last quarter of FY22 on the back of boost in revenue thanks to tariff hikes implemented in November 2021.

AGR for the January-March quarter was Rs 58,886 crore as compared to Rs 55,151 crore in Q3FY22, according to the latest data put out by the Telecom Regulatory Authority of India (Trai) on Tuesday.

The data showed that all private three telcos – Reliance Jio, Bharti Airtel, and Vodafone Idea – saw sequential AGR gains in the March quarter, with the latter two showing double digit on quarter growth.