Jio Grows to 40.56 Crore Subscribers, Adding 73 Lakhs in Q2 2020

Reliance Jio now has a base of 40.56 crore subscribers, Reliance Industries revealed whereas saying its earnings for the second quarter ending September 30 on Friday. The telecom operator, which is already the most important telco in India, had added 73 lakh subscribers in the quarter, down from the 99 lakh new prospects added in the earlier quarter ended on June 30. In phrases of common income per consumer (ARPU), Jio said that it generated Rs. 145 per subscriber a month in the second quarter. This exhibits an increment of three.2 p.c from the Rs. 140.three ARPU reported beforehand.

With its whole subscribers reaching 40.56 crore mark in the September quarter, Jio noticed a 15.9 p.c of year-over-year development in its subscriber base. The Mumbai-based operator additionally reported a month-to-month churn fee of 1.69 p.c in the course of the quarter. This is up from 0.46 percent reported in the primary quarter. It stated that the rise was due to the influence of COVID-19 on SIM consolidation and recharge cycle of migrant inhabitants.

“With large capital raise in last six months across Jio and Retail business, we have welcomed several strategic and financial investors into Reliance family,” stated Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, in a ready assertion. “We proceed to pursue development initiatives in every of our companies with a concentrate on the India alternative.”

Jio said that its average wireless data consumption per user a month was at 12 gigabytes (GB) during the quarter. The operator also noted that it saw an average voice consumption at 776 minutes per user a month. Moreover, total wireless data traffic rose to 1,442 crore GB, up 20 percent year-over-year.

Jio earned a quarterly net profit of Rs. 3,020 crores, which shows nearly two times increase or over 205.05 percent year-over-year growth from the Rs. 990 crores earned in the same period last year. Standalone revenues from operations that include access revenues reached Rs. 21,708 crores in the second quarter from Rs. 12,354 crores generated in the same quarter last year.

Alongside announcing the earning figures, Jio mentioned in its announcement that the Jio UPI pan-India rollout on the MyJio app was accomplished in the course of the quarter. It was initially rolled out in January to choose customers. Jio Platforms additionally accomplished all of the latest investments, excluding the one from Google, the discharge stated.

Last month, Jio launched its Postpaid Plus service with features including unlimited voice calls, access to streaming apps, and in-flight connectivity to expand its postpaid user base in the country — alongside attracting new prepaid customers. The telco also recently announced its partnership with Qualcomm to transfer in the direction of 5G in the future.

Earlier this month, Telecom Regulatory Authority of India (TRAI) announced that Jio became the first mobile operator in the country to cross the mark of 40 crore customers. The operator added 35.54 lakh subscribers in July, as per the data provided by the regulator.


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