Telecom Roundup: India AGR Growth, Jio IPO Valuation, Banglalink Starlink Service
India's telecom adjusted gross revenue rose 9.19 percent year over year to ₹88,796 crore in the April-June 2026 quarter, led by Reliance Jio. Reliance Industries' planned Jio Platforms IPO may value the business at about $102 billion to $103 billion, below earlier expectations. Banglalink, owned by VEON, launched Starlink direct-to-device connectivity in Bangladesh for compatible 4G phones via its MyBL app.
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India's telecom AGR reached ₹88,796 crore in Apr–Jun 2026, up 9.19% from a year earlier and 2.40% from the prior quarter. Reliance Jio contributed ₹33,226 crore, a 44.62% share; Bharti Group, Vodafone Idea and BSNL followed. Sector gross revenue was ₹1,06,797 crore, up 10.50
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