Airtel AGR Market Share Grows, Despite Strong Subscriber Addition of Jio: ICICI Securities
Industry Adjusted Gross Revenue (AGR), including NLD in Q2FY23, grew 1.6% Quarter on Quarter, 16.4% Year over year, to Rs 543 billion. Bharti Airtel witnessed an 83 bps QoQ gain in AGR Market share to 36.3 per cent, adding incremental AGR QoQ, Rs 7.6 billion compared to Rs 6.6 billion of Reliance Jio. However, despite the strong subscriber addition of Jio, its revenue growth translation was slower during the quarter.... Read More