The Telecom sector recorded a near 4.2 % sequential growth in adjusted gross revenue (AGR) in the fiscal third quarter, FY-21, helped by strong customer adds, higher mobile recharge volumes and data consumption growth after easing of lockdown curbs. Latest data put out by the Telecom Regulatory Authority of India (TRAI) on Tuesday showed all Big 3 telcos Reliance Jio, Bharti Airtel and Vodafone Idea notched up sequential AGR gains in the December quarter. The overall telecom industry AGR rose 4.19% on-quarter to Rs 47,623 crore in the fiscal third quarter. TRAI’s report on the telecom industry’s fiscal third quarter performance also indicated that monthly average revenue per user (ARPU) from wireless services rose 4.93% on-quarter to Rs 101.65, as the overall volume of mobile recharges rose after easing of lockdown curbs, especially as migrants returned to work in the cities.
Source: Economic Times