Telecom sector AGR grows 1.75% on-quarter in Q1FY24: Trai

The telecom industry recorded 1.75% sequential growth in adjusted gross revenue (AGR) in the fiscal first quarter, FY24, during which Bharti Airtel and Reliance Jio saw a rapid uptake of 5G services, further accelerated by sporting events like the Indian Premier League (IPL).

Latest operator performance data put out by the Telecom Regulatory Authority of India (Trai) on Tuesday showed Airtel notched up the highest sequential AGR gain in the June quarter. Jio and Vi also reported on-quarter growth in AGR.