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Telecom Regulatory Authority of India(TRAI) in its report titled 'Indian Telecom Services Performance Indicators January - March, 2023' has said telecom service sector's adjusted gross revenue (AGR) rose 2.5 per cent sequentially to Rs 64,494 crore in March 2023 quarter. Seen year-on-year, the adjusted gross revenue increased 9.5 per cent over the corresponding period of the previous year.

The gross revenue (GR), Applicable Gross Revenue (ApGR) and Adjusted Gross Revenue (AGR) of the Telecom Service Sector for the quarter ended March 2023 was pegged at Rs 85,356 crore, Rs 78,631 crore and Rs 64,494 crore, respectively. While the GR decreased by 3.19 per cent, ApGR increased by 2.62 per cent and AGR increased by 2.53 per cent in March 2023 quarter, as compared to the previous quarter.

It stated that the year-on-year rate of growth in GR, ApGR and AGR in the quarter ended March 2023 over the same quarter in last year has been 11.69 per cent, 11.12 per cent and 9.52 per cent, respectively.  The license fee increased from Rs 5,031 crore for the quarter ended December 2022 to Rs 5,159 crore for the quarter ended March 2023. The quarterly and year-on-year rates of growth in license fees are 2.53 per cent and 9.47 per cent, respectively, in this quarter.