Telecom Surge: Rising Revenues and Subscriber Growth in India

India's telecom sector shows positive trends with a 8% year-on-year rise in mobile service revenue, reaching Rs 157.45 per user by June 2024. The Telecom Regulatory Authority of India reported growth in both the Adjusted Gross Revenue and subscriber bases, with key players like Reliance Jio leading the surge.

In a promising turn for India's telecom sector, the average monthly revenue per mobile user has seen a notable year-on-year increase of over 8%, reaching Rs 157.45 by the end of June 2024, according to a report from the Telecom Regulatory Authority of India (TRAI).

The wireless sector's average revenue per user stood at Rs 153.54 in the January-March period, reflecting a sequential increase of 2.55%. TRAI's report further highlights a 0.13% quarterly rise in the Adjusted Gross Revenue (AGR) to Rs 70,555 crore, marking a year-on-year growth of 7.51%.

Subscriber numbers also showed an upward trend, with the total telephone subscriber base reaching 1,205.64 million, a growth of 0.53% from the previous quarter. Reliance Jio reported a significant 9.18% surge in its subscriber base, while figures for Bharti Airtel and Vodafone Idea saw mixed results.

(With inputs from agencies.)