Reliance Jio AGR Remains Ahead of Other Telcos, Revenue from Licensed Services Increases

As per the reports published on the third quarter of FY19 revealing the stats of the telecom operators in the country, Reliance Jio has successfully maintained its lead over the other companies with a comparatively higher adjusted gross revenue (AGR), a key industry parameter. This is a crucial figure as the quarter witnessed slightly increased spectrum usage charge (SUC) and license fee thus indicating that the industry is back on track of regaining its financial health. Reliance Jio’s adjusted gross revenue (AGR), or revenue from licensed services, increased by 14.63% quarter-on-quarter to Rs 9,482.31 crore as reported on December 31, 2018. Based on the data published by the industry regulator, Trai, access services accounted for 72.31% of total AGR of telecom services.

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Reliance Jio Registers Impressive AGR Growth

This growth of Reliance Jio’s AGR was in contrast to Vodafone Idea, which is although the market leader in the country by subscriber count, but had to face a 4.05% sequential fall in AGR to Rs 7,223.72 crore. Bharti Airtel suffered the same fate as the AGR slipped 4.18% on-quarter to settle at Rs 6,439.65 in the quarter ending on December 31, 2018.

To recall, Reliance Jio had become the top telecom operator in regards to AGR in the September quarter and had even put Vodafone Idea behind in terms of revenue from licensed services. Speaking of the overall industry AGR, there was a slight decline of 0.24% sequentially to Rs 36,054 crore in the December quarter.