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Consumer spending (after GST) on mobile services rose 2.5% sequentially to around Rs 54,750 crore during the period —the third quarter of FY24 — as per the latest sector performance data released by Trai. In the fiscal second quarter, this growth was 1.84%. Spending on data was Rs 47,560.3 crore, up 3.4% from the previous quarter when the sequential growth was 3%.
Higher consumer spending on mobile broadband services helped Bharti Airtel and Reliance Jio boost their combined 4G/5G market shares by 0.25 and 0.05 percentage point sequentially to 28.8% and 54.1%, respectively, an analysis of the Trai data by ICICI Securities showed.
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Bharti Airtel shareholders OK Google’s purchase of 1.28% stake for $700 mn; also approve Rs 1.1 lakh cr deals : Rashtra News #Bharti #Airtel #shareholders #Googles #purchase #stake #approve #lakh #deals Bharti Airtel shareholders on Saturday approved selling 1.28% equity stake to Google for $700 million. The company will issue equity shares to US tech
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