The adjusted gross revenue (AGR) of telecom companies has increased by 8.24 percent to Rs 2.7 lakh crore in the last financial year 2023-24. The government collects spectrum and license fees on the basis of AGR. The AGR of telecom companies was Rs 2.49 lakh crore in the financial year 2022-23. According to the Performance Indicator Report (2023-24) released by the Telecom Regulatory Authority of India (TRAI) on Wednesday, Reliance Jio’s AGR increased by 9.62 percent to the highest of Rs 97.86 thousand crore. It was Rs 89.27 crore last year.
Airtel’s AGR increased by 12.12%
Bharti Airtel’s AGR has increased by 12.12 percent to Rs 80.52 thousand crore. Vodafone Idea (VI)’s AGR stood at Rs 29,605 crore. Public sector BSNL’s AGR stood at Rs 8,019 crore, Tata’s AGR at Rs 2,533 crore, MTNL’s AGR at Rs 610 crore and Reliance Communications’ AGR at Rs 185.26 crore.
Government’s revenue share increased to Rs 21,642 crore
The government’s revenue share in the form of license fee increased by 8.45 percent to Rs 21,642 crore from Rs 19,954 crore. However, collection from spectrum usage charges declined by 32.2 percent to Rs 3,369 crore in FY 2023-24 from Rs 4,968 crore in 2022-23. Bharti Airtel’s stock closed at Rs 1471.80 on BSE on Wednesday, up 0.83 per cent or Rs 12.15. Vodafone Idea shares gained 2 per cent or Rs 0.31 to close at Rs 15.79.
