Reliance Jio, India’s largest telecom operator’s AGR (adjusted gross income) market share was down in Q1 FY24. This occurred as a result of the telco misplaced market share in 13 telecom circles in the course of the quarter. A few of the distinguished circles the place the telco misplaced big chunks of AGR market share are Kerala, U.P. East, West Bengal, and Bihar. On the similar time, the telco noticed a big pick-up in AGR in Delhi and U.P. West circles. Regardless of dropping in the marketplace share, Jio’s AGR market share remains to be the very best within the business.
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Jio’s AGR market share throughout Q1 FY24 was 41.6%, in accordance with ICICI Securities. Bharti Airtel, the second-largest telecom participant in India had an AGR market share of 37.2% throughout the identical quarter. Airtel noticed progress in AGR and it grew quicker than its rivals. The telco noticed nice progress within the Metro, B and C circles whereas within the A circle, its AGR was steady QoQ.
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Vodafone Thought (Vi) noticed its AGR develop by 0.7% QoQ, however it dipped 1.4% YoY. Vi’s AGR market share on the finish of the quarter was 16.3%. Vi underperformed in its management circles in the course of the quarter.
Bharti Airtel seemingly noticed its AGR going up due to its rising wi-fi and wireline subscriber base and an oblique tariff hike on the bottom plan provided. To recall, Airtel eliminated the Rs 99 plan from its providing for your entire 22 telecom circles and now the brand new base plan prices Rs 155. The telco has additionally elevated the costs of its companies in a really refined and oblique method. For instance, the Rs 29 plan that used to come back with 2GB of knowledge and a pair of days validity now comes with 2GB of knowledge however solely 1-day validity.
