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Telecom industry's AGR grew 1.88% to Rs 67,835 crore in Oct-Dec. Bharti Airtel, Reliance Jio led the expansion. Trai data highlighted mobile services' significant contribution.

The Adjusted Gross Revenue (AGR) of India's telecom service sector rose by 1.88% to Rs 67,835 crore in the December 2023 quarter, according to Trai's data. Year-on-year, the AGR increased by 7.84%. Access services accounted for 82% of the total AGR, with Bharti Airtel's AGR increasing by 3.2% to about Rs 20,480.6 crore, Reliance Jio's AGR climbing 2.7% to Rs 24,862.85 crore, and Vodafone Idea's AGR dipping 0.65% to about Rs 7,459 crore. Public Sector Undertakings' share in the Access AGR was 3.87% in the quarter.

Vontobel Holding Ltd. lifted its holdings in shares of Avangrid, Inc. (NYSE:AGR – Free Report) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 23,875 shares of the utilities provider’s stock after buying an additional 648 shares during the period. Vontobel Holding Ltd.’s holdings in Avangrid were worth $774,000 as of its […]

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