Telecom sector AGR up 2.53% on-qtr in Q4FY23, Jio gains maximum revenue: Trai

The telecom industry recorded a 2.53% sequential growth in adjusted gross revenue (AGR) in the fourth quarter of fiscal 2023, gaining from the spillover impact of tariff hikes taken by the private carriers in November 2021.

Latest telco performance data put out by the Telecom Regulatory Authority of India (Trai) on Monday showed that Reliance Jio notched up the highest sequential AGR gain in the quarter ending March, ahead of Bharti Airtel, while loss-making Vodafone Idea(Vi) reported a fall.