Telecom sector gross income grows to ₹3.3 lakh crore in FY24: TRAI

The telecom sector’s gross income (GR) elevated to ₹3,36,066 crore within the monetary 12 months 2023-24, a yearly development of 0.71 per cent as in contrast with ₹3,33,697 crore within the earlier fiscal, and relevant gross income (ApGR) elevated from ₹3,03,767 crore to ₹3,23,142 crore with yearly development price of 6.38 per cent throughout identical interval, Telecom Regulatory Authority of India (TRAI) mentioned on Wednesday.

The sector regulator, in its yearly report titled — ‘The Indian Telecom Companies Yearly Efficiency Indicators 2023-2024’ — additionally mentioned that the adjusted gross income (AGR) elevated to ₹2,70,504 crore in 2023-24, a development of 8.24 per cent from ₹2,49,908 crore in 2022-23.

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Rise in subscribers

The variety of phone subscribers in India elevated to 1,199.28 million on the finish of March this 12 months in contrast with 1,172.34 million in March 2023, registering a yearly development of two.30 per cent. The general tele-density in India elevated to 85.69 per cent on the finish of March, a development of 1.39 per cent from 84.51 per cent in March final 12 months, it mentioned.

Move via prices (prices by third celebration service supplier) decreased by 4.26 per cent to ₹53,579 crore in 2023-24 ( ₹55,965 crore), it mentioned including that spectrum utilization prices (SUC) additionally decreased by 32.20 per cent to ₹3,369 crore in 2023-24 (₹4,968 crore). Nevertheless, license price elevated by 8.45 per cent y-o-y to ₹21,642 crore through the 12 months (₹19,954 crore) .

TRAI report additionally talked about that common income per person (ARPU) per thirty days for cellular service elevated to ₹149.25 (₹138.75) in 2023-24, thereby exhibiting a development of seven.57 per cent.

ARPU per thirty days for pay as you go service elevated to ₹146.37 in 2023-24 (₹135.47). ARPU for postpaid service additionally elevated to ₹184.63 (₹176.73) .

At the moment, the ARPU stage is round ₹210 as of first quarter this 12 months (approx ₹200).