Airtel, Jio help telecom industry record 3.87% sequential growth in AGR in last quarter of FY24 to Rs 70,462 cr

New Delhi: The telecom industry recorded 3.87% sequential growth in adjusted gross revenue (AGR) in the fiscal last quarter of FY24 to Rs 70,462 crore, on the back of growth by Bharti Airtel and Reliance Jio, even as beleaguered Vodafone Idea along with state-run Bharat Sanchar Nigam Ltd (BSNL) continue to witness a decline in its mobile services AGR.

Airtel and Reliance Jio have almost completed their 5G rollouts while Vodafone Idea will soon commence the launch of the latest telecom technology. The revenue of the sector is set to increase further as all the private telecom operators have increased headline rates in the range of 11-25%, say analysts.