Less Than Two In 10 People Subscribed, Used 5G Network In Q4 FY24: ICICI Securities – NDTV Profit

In India, 5G subscriptions accounted for 13.6% of the total subscriptions and 5G data accounted for 16.9% of the total data usage in the fourth quarter of the last financial year, according to ICICI Securities.

Consumer spending on mobile services grew 8.5% year-on-year to Rs 55,500 crore. Inter-company settlements have also risen by 4.4% YoY, contributing to an 8.7% YoY increase in net revenue and outpacing consumer expenditures, it said.

The average revenue per user based on consumer spending grew by 0.7% quarter-on-quarter and 6.8% YoY, reaching Rs 159, driven by premiumisation, according to a report dated July 7.