Skip to main content

Jio Posts Q1 Profit, Subscribers Consume nearly 642 Crores GB Data in the Quarter


Jio has posted a net profit of Rs. 612 crores for the first quarter just a day after arch rival Airtel reported 
a drop in net income. The Jio quarterly revenue stood at Rs. 8,109 crores as for June 30, 2018, with an ARPU 
(average revenue per user) of Rs. 134.5. This is the second consecutive dip in ARPU for the company, which 
earned Rs.154 per customer in the Dec 2017 quarter and Rs. 137.1 crores in the January-March period. 
The Jio user base stands at 215.3 million at the end of June quarter, a figure RIL Chairman Mukesh Ambani 
had announced at the company’s AGM earlier this month.
According to RIL data, Jio added 28.7 million new subscribers in Q1 2019 compared to 26.5 million in the 
preceding three months. The company says this is the highest user growth it has experienced since it started 
commercial operations in April 2017. The churn rate (percentage of people leaving Jio against those joining 
the network) was 0.30 percent, which the operator claims is the lowest in the industry.
Users consumed an average of 10.6GB data per month, while voice call consumption was 744 per month per user.
Total data traffic for the quarter was 642 crores GB and total voice traffic stood at 44,871 crore minutes. Videos 
accounted for the largest chunk of data usage, with 15.4 hours worth video consumption per user per month. 
The company claimed it had the largest mobile data consumption network and the largest VoLTE network in the 
world. It also claimed it has 100 percent network availability and lowest call drop rate at 0.13 percent.
The company did not reveal any sales figures for the Jio Phone, except saying that the new Monsoon Hungama 
Offer has lowered the upfront cost for buyers.
Earlier this month at the RIL AGM, Jio announced its next big telecommunications project, Jio GigaFiber. A FTTH 
broadband service, it aims to provide high-speed broadband Internet with speeds up to 1Gbps to homes and 
businesses in 1,100 cities across the country. This broadband service will also power Jio’s Giga TV set-top box 
and Internet of Things suite. Registrations for the service begin on August 15.
Labels:
Location: Nagercoil, Tamil Nadu, India

Comments

Post a Comment

Popular posts from this blog

The 4 Waves of AI: Who Will Own the Future of Technology?

Recently, I( Peter H. Diamandis ) picked up Kai-Fu Lee’s newest book,  AI Superpowers . Kai-Fu Lee is one of the most plugged-in AI investors on the planet, managing over $2 billion between six funds and over 300 portfolio companies in the US and China. Drawing from his pioneering work in AI, executive leadership at Microsoft, Apple, and Google (where he served as founding president of Google China), and his founding of VC fund Sinovation Ventures, Lee shares invaluable insights about: The four factors driving today’s AI ecosystems; China’s extraordinary inroads in AI implementation; Where autonomous systems are headed; How we’ll need to adapt. With a foothold in both Beijing and Silicon Valley, Lee looks at the power balance between Chinese and US tech behemoths—each turbocharging new applications of deep learning and sweeping up global markets in the process. In this post, I’ll be discussing Lee’s “Four Waves of AI ,” an excellent framework for discus...
Post a Comment
Read more

C3 IoT Partners With Google Cloud On AI and IoT

C3 IoT announced on Tuesday a new strategic partnership with Google Cloud Platform (GCP), aimed at accelerating digital transformation with AI and IoT. C3 IoT announced on Tuesday a new strategic partnership with Google Cloud Platform (GCP), aimed at accelerating digital transformation through the use of artificial intelligence (AI) and the Internet of Things (IoT). As part of the announcement, C3 IoT confirmed its IoT platform has been integrated into GCP, leveraging the cloud platform’s infrastructure and AI capabilities. The businesses will work together on marketing, selling, and training initiatives. “The Google Cloud and C3 IoT partnership creates a solution that dramatically speeds up our customers’ digital transformations to allow them to attain new levels of operational efficiency, productivity, and competitive advantage,” said Ed Abbo, C3 IoT President and CTO. “Together, w...
Post a Comment
Read more

Time to Put Artificial Intelligence in Proper Perspective

Artificial intelligence will be a disruptive technology across many industries, but it’s likely to be additive to human tasks, not a replacement. “Automate a mess, get an automated mess,” noted consultant Mike Hammer famously said a few decades back. That tried-and-true phrase has never been more applicable than in the current age of artificial intelligence and machine learning, in which decisions are delivered across systems and networks at blinding, real-time speeds. A moribund, floundering business may find speeding up decision-making only will hasten its demise. Analysts at McKinsey recently weighed in on this matter, seeing AI as a transformational force that will extend and expand human tasks. The McKinsey researchers, James Manyika and Kevin Sneader, take a positive view, noting AI technologies “will transform the nature of work and the workplace itself. Machines will be able to carry out more of the tasks done by humans, complement the work that hum...
Post a Comment
Read more