Telecom sector FYQ4 AGR up 2% on-quarter

The telecom sector recorded 2.03 % sequential development in adjusted gross income (AGR) within the fiscal fourth quarter, FY21, regardless of absence of interconnect utilization cost (IUC) inflows, helped by sturdy buyer provides amidst elevated aggression from each Reliance Jio and to seize loss-making Vodafone Idea’s clients by the MNP route.

Latest knowledge put out by the Telecom Regulatory Authority of India (Trai) on Friday, although, confirmed solely Bharti Airtel notched up a sequential AGR acquire within the March quarter. Both Reliance Jio and Vi reported on-quarter falls.

Airtel’s quarterly AGR, or income from licenced companies, grew 15.07% sequentially to Rs 13,049.44 crore within the January-March interval, whereas Reliance Jio and Vi’s fell 4.42% and 6.62% on-quarter to Rs 16,422.83 crore and Rs 6,152.25 crore respectively, Trai knowledge confirmed.

ICICI Securities mentioned “Airtel AGR (in the March quarter) was inflated as it benefited from Rs 1,300 crore of other income” by the use of dividend acquired from Indus Towers and Nettle Infrastructure.

Overall telecom trade AGR rose 2.03 % sequentially to Rs 48,587 crore within the fiscal fourth quarter, FY21.

A better quarterly AGR translated into greater licence price and spectrum utilization cost (SUC) collections for the Department of Telecommunications (DoT).

The licence price mop-up climbed 4.44% sequentially to Rs 3,979 crore, whereas SUC collections rose marginally by 0.19% on-quarter to Rs 1,540 crore, knowledge collated by the regulator confirmed.

Telcos yearly pay 8% of their AGR as licence charges and 3-5% in the direction of SUC to the federal government.

Overall sectoral minutes of consumption rose, with the all-India common minutes of utilization (MoU) per subscriber monthly from wi-fi companies gaining 4.12% sequentially to 818 within the quarter ended March.

Access companies contributed 79.46% of complete telecom companies AGR within the fiscal fourth quarter, FY21.

Trai’s report on the telecom trade’s fiscal fourth quarter efficiency additionally indicated that month-to-month common income per person (ARPU) from wi-fi companies rose 1.9% on-quarter to Rs 103.58. TGI