Reliance Jio Races Ahead of Competition in AGR for June Quarter as Per Trai Report

The latest telecom entrant in the industry, Reliance Jio has officially surpassed the former Market leader Bharti Airtel in terms of Adjusted Gross Revenue (AGR) as per the latest Trai report. The industry regulator, Telecom Regulatory Authority of India (Trai) published data about the quarter ending in June where it was apparent that the Mukesh Ambani led telco has managed to race past Bharti Airtel to establish itself as one of the most prominent companies in the Indian telecom sector.

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Reliance Jio Ahead of Competition in AGR

The Trai report data highlighted that Reliance Jio’s recorded AGR from access services or revenue derived from licensed services was Rs 7,125 crore for June which was up by 14.6%. On the other hand, Airtel noted a decline of 5.1% in its AGR to Rs 6,723 crore. Similarly, Reliance Jio had also surpassed Vodafone India and Idea Cellular individually in the January-March quarter, but now both the companies have merged to form Vodafone Idea Ltd, the present market leader in telecom. However, in the pre-merger situation, Vodafone’s AGR had declined 9.2% down to Rs 4483.68 crore, as was the case with Idea which reported a 7.2% decline in AGR which touched Rs 3,743.12 crore, with the combined AGR of both the companies being Rs 8,226 crore. Besides Reliance Jio, Bharat Sanchar Nigam Limited was the only telecom operator to register a positive growth of 6.8% in AGR which was pegged at 2,273 crores for the state-owned telco.