Consumer spending on mobile services dips sequentially in Q4

Kolkata: Consumer spending on mobile services in India slumped sequentially in the fourth quarter of FY24, which was reflected in lower revenues for telecom operators from their postpaid services business as well as reduced payouts for data services, according to an assessment collated by the telecom regulator.

User spending on mobile services (post-GST) increased by a modest 1.4% sequentially to about Rs 55,524.5 crore in the fourth quarter of FY24–44% lower than the 2.5% sequential growth clocked in the third quarter of FY24—as per latest sector performance data issued by the Telecom Regulatory Authority of India (Trai).