Jio Turns Profitable in Just 18 Months, Reaches 160.1 Million Subscribers

Reliance Jio has taken India by storm, and that's but not restricted to users who have benefitted from its ultra-cheap data plans. Merely Jio also affected rival telcos, and delayed revenues for them.

In the procedure, it also turned a profit! According to the Q3 (FY2017-18) Reliance Industries financial presentation, Reliance Jio Infocomm has announced a turn a profit within 18 months of its commercial debut. The telecom major now hosts India'south largest wireless data subscriber base with over 160.1 1000000 users every bit of December 31, 2017. The Mukesh Ambani-backed venture revealed that its Digital Services Business posted a standalone net profit of Rs. 504 crores in Q3, with its acquirement continuing at Rs. half-dozen,879 crores.

Reliance Jio growth trajectory

Jio saw a gross subscriber improver of 27.8 million during the quarter, with a net addition of 21.five 1000000. The report besides claims that Jio is at present the world's largest and fastest growing mobile data network, posting 431 crore GB information consumption during the quarter, at an average 9.6GB information used per person per month. Jio also posted the highest voice consumption in the quarter with an average of 694 minutes per subscriber per month and a total of 31,113 crore minutes of VoLTE vocalisation traffic during the quarter.

Reliance Jio KPI table

Jio's low cost information offering in the market has also additional the consumption of high-quality video, with more 200 crore hours of video consumed per calendar month in the quarter. Additionally, the study highlights that Jio offered the best network quality in the land, providing lowest call driblet rates, fastest download speeds, and 100% network availability. The company reported an ARPU (boilerplate revenue per user) of Rs. 154 per subscriber per calendar month.

"The growth in subscriber base is getting farther accelerated through the launch of Jio Phone, which has expanded the reach of Jio Digital Services to all the feature phone users as well. Reliance Retail Ltd is geared to increase chapters of supply of Jio Phone, considering the tremendous response from Indian to encompass Digital Life", RIL said in a statement.

The study besides highlights the adoption of Jio Digital services in the country, reporting that the MyJio app has remained the number one app on the Play Store and App Shop in the country for six sequent months. The visitor claims that it is the fastest indian app to cross the 150 1000000 downloads mark. Other apps in the Jio suite have also reached the elevation spot in their respective fields owing to the rapid grown of Jio subscribers in the land.