Reliance Jio has posted a 62.5 p.c 12 months on 12 months improve in internet revenue for the final quarter that ended on December 31, 2019. The firm has posted a internet revenue of Rs 1,350 crore. In phrases of subscribers, India’s largest and solely worthwhile telecom operator famous it had 370 million subscribers on the finish of the quarter, which suggests it added 14.8 million subscribers because the finish of the final quarter on September 30. It additionally reported common income per user (ARPU) and the total voice and information visitors.
RIL famous that 135.7 million subscribers had been the gross additions for your entire earlier 12 months. Overall, Reliance Jio noticed a 32.1 p.c progress year-over-year (YoY) in subscribers in the quarter. In phrases of common income per user (ARPU), Jio reported a income of Rs. 128.four per subscriber monthly in the previous quarter, which is up from Rs. 120 in the earlier quarter.
Reliance Jio famous wi-fi information visitors in the interval was 12.08 billion gigabytes (GB), up from 12.02 billion GB in the earlier quarter. It reported a 39.9 p.c progress YoY, based mostly on a median information consumption per user monthly of 11.1GB, down from 11.7GB in the earlier quarter. Furthermore, Jio says it noticed a total voice visitors of 826.four billion minutes, which is up from 812.62 billion from the earlier quarter. That equals to a 30.three p.c progress YoY, and based mostly on a median utilization of 760 minutes per user monthly.
The telco additionally reported elimination of 22 million subscribers in the course of the quarter. According to the corporate the loss was “primarily excessively heavy voice customers, owing to implementation of IUC tariffs on account of regulatory uncertainty.”
Commenting on the outcomes, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited stated: “Jio has continued on its unprecedented progress journey receiving overwhelming buyer response for finest in class cellular connectivity providers. We are delivering on our promise to be the motive force of digital revolution in the nation. Jio can be decided to redefine the wireline infrastructure, dwelling leisure and enterprise market in India with its FTTx providers which bundle best-in-class connectivity with bouquet of digital content material and providers.
Further, he added, “To drive the subsequent leg of progress, a really transformational and disruptive digital providers firm has been set-up which can deliver collectively India’s No.1 connectivity platform, main digital app ecosystem and world’s finest tech capabilities, for creating a really Digital Society for every Indian.”