TRAI’s report on the telecom industry’s fiscal second quarter performance also indicated that monthly average revenue per user (ARPU) from wireless services rose 9.60% on-quarter to Rs 172.57.
In 2022, the Centre approved a second revival package for BSNL and MTNL amounting to ₹1.64 lakh crore, that included financial support for de-stressing the balance sheet, capital expenses, settlement of adjusted gross revenue (AGR) dues, and viability gap funding (VGF) for rural landline connections.
Earlier this month, Vodafone sold its remaining 3% stake in Indus via multiple block deals, raising around Rs 2,801.7 crore, and fully exited the Indian tower company that is now a Bharti Airtel subsidiary.
