Reliance Jio added 27.9 million users between October and December taking its customer base to 280.1 million. Video continues to drive data consumption on the network.
India continues to be wooed by Reliance Jio and its dirt-cheap offerings.
Riding on strong subscriber additions, the telecom unit of Reliance Industries (RIL) widened its December quarter (Q3) profits to Rs 831 crore. That is a sharp 65 percent year-on-year growth, and a healthy 22 percent increase over the last quarter (Q2), when profits stood at Rs 681 crore.
Jio also crossed Rs 10,000 crore in operating revenue in two years, with its current subscriber base at 280.1 million, something Reliance Chairman Mukesh Ambani described as “truly remarkable”. Jio is currently India’s #3 telecom operator behind Vodafone-Idea and Bharti Airtel, but, more importantly, it is one of the world’s largest mobile data networks.
Between October and December, 864 crore GB worth of wireless data was consumed over the Jio network. And, 63,406 crore minutes of voice traffic was recorded, signifying Indians’ affinity towards free voice calling even in the age of internet messaging.
On a per user basis, average monthly data consumption was 10.8 GB and average voice consumption stood at 794 minutes. “Customer engagement stayed healthy. Video consumption drove most of the usage, increasing to 460 crore hours per month,” Reliance revealed.
However, Average Revenue Per User (ARPU) declined marginally to Rs 130 per month from Rs 131.7 in the last quarter and Rs 134.5 in the quarter before.
In a statement to the media, Ambani said:
“The journey of Jio has been truly remarkable and has surpassed all expectations. The Jio family is now 280 million strong and growing on one of the world’s largest mobile data networks, in line with our vision of connecting everyone and everything, everywhere – always at the highest quality and the most affordable price.”
After disrupting Indian telecom, Jio is now looking to “reinvent connectivity” for the ‘Homes and Enterprise’ market with its next-generation FTTx services. Reliance revealed that JioGigaFiber services for home broadband, entertainment, smart home solutions, and enterprise has witnessed “overwhelming customer interest” across 1,400 cities. The operator is presently connecting homes on based on requests received from customers.
Additionally, Jio’s goal to offer 4G LTE network coverage to 99 percent of India’s population is on course for completion in the next few months, it said.
“Our relentless focus is on creating platforms to truly transform the digital life of every citizen of India across connectivity, commerce, media and entertainment, financial services, agriculture, education and healthcare, which will further enhance productivity and economic prospects of our nation,” Ambani added.