Telcos: Telcos’ AGR rose 6.7% in Q4 FY22

The telecom sector recorded a growth rate of 6.77 percent with the previous quarter in total adjusted revenues (AGR) in the fourth quarter of FY22 on the back of increased revenue, thanks to tariff increases implemented in November 2021.

AGR for the January-March quarter was ₹58,886 crore compared to ₹55,151 crore in the third quarter of FY22, according to the latest data released by the Telecom Regulatory Authority of India (Trai) on Tuesday.

The data showed that all three private telecom companies rely geoAnd the

Vodafone Idea saw back-to-back AGR gains in the March quarter, with the latter two showing double-digit growth on a quarterly basis.

Jio’s average income growth rate for the quarter grew by 8.37% to Rs.20,659.9 crore, while Airtel was priced at Rs.16,005.16 crore, up 10.5% and grew to Rs.7,209.57 crore, up 10.21%. Access services contributed 78.83% of the total communications services AGR in the fourth quarter of FY22.

The increase in AGR for telcos has led to higher license fees and spectrum usage fee collections (SUC) for the Department of Communications (DoT).

License fee collection rose 3.76% sequentially to ₹4,712 crore, while SUC collections rose 9.44% q-o-q to ₹1,926 crore, data compiled by the regulator showed. Carriers annually pay 8% of the AGR as a license fee and 3-5% on SUC to the government.

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