Business

15.3 Million Users For Jio In Second Quarter, Reliance To Spend 70 billion On Network Quarterly

AASTHA SINGAL | 0
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| October 14 , 2017 , 18:53 IST

The latest report of Reliance Industries Limited (RIL) financial and operational performance has showcased some great figures. It was noted that the Reliance Jio has added around 15.3 million subscribers in the last quarter.

Despite adding a million customers, RIL has suffered a loss of Rs. 271 crores but Reliance claims that their financial performance is 'strong'. Jio's customer base has grown to 136.8 million in total with the latest development.

In the quarter which ended on September 30 In the report, Jio has seen a total wireless traffic of 374 crore gigabytes. Reportedly, Jio is selling the highest per capita data consumption of 9.62GB per user each month.

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Reliance Industries Chairman, Mukesh Ambani was very happy with the result. He said, "The rapid uptake of Jio services reflects the latent need of the society. We are confident that Jio will bring significant benefits to the Indian economy and the Indian customers and will take India to a much higher pedestal..."

He added, "The strong financial results of Jio demonstrates the robust business model of Jio and the significant efficiencies that the Company has built through its investment in the latest 4G technology and right business strategy."

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While sharing some statistics Reliance Jio claims to earn around Rs 156.4 an average revenue per user. The average voice traffic reportedly stood at 2.67 billion minutes per day. As per the report, this quarter has noticed the highest per capita voice consumption that is around 626 minutes per month.

Around 27 million LTE phones were sold in India in the second quarter. "On gross add basis, Jio achieved over a two-third market share of the incremental smartphones sold in the country. The cumulative LTE smartphone base is estimated to have reached 160 million. Jio has over 85 percent market share in the LTE smartphone base in the country," the report noted.