Jio now has a subscriber base of 40.56 million subscribers

Jio now has a subscriber base of 40.56 million subscribers

Reliance Jio now has a subscriber base of 40.56 crore, Reliance Industries revealed when announcing its earnings for the second quarter ending September 30 on Friday. The telecom operator, which is already India’s largest telecom company, had added 73 billion subscribers in the quarter, up from Rs 39.8 million reported in the previous quarter ended June 30. In terms of average revenue per user (ARPU), Jio said it generated Rs. 145 per subscriber per month in the second quarter. This shows a 3.2 percent increase in Rs. 140.3 ARPU previously reported.

With total subscribers reaching the 40.56 crore mark in the September quarter, Jio saw 15.9 percent year-over-year growth in its subscriber base. The Mumbai-based operator also reported a monthly churn rate of 1.69 percent for the quarter. This is from 0.46 percent reported in the first quarter. He said the increase was due to the impact of COVID-19 on the cycle of consolidation and SIM recharge of the migrant population.

“With a large capital increase in the last six months in Jio and the retail business, we have welcomed several strategic and financial investors to the Reliance family,” said Mukesh D. Ambani, President and CEO, Reliance Industries Limited, in a prepared statement. “We continue to pursue growth initiatives in each of our businesses with a focus on the India opportunity.”

Jio said its average wireless data consumption per user per month was 12 gigabytes (GB) for the quarter. The operator also noted that it saw an average voice consumption of 776 minutes per user per month. Additionally, total wireless data traffic increased to 1.442 trillion GB, up 20 percent year-over-year.

Jio made a quarterly net profit of Rs. Rs. 3,020 crore, showing a nearly two-fold increase and more than 205.05 percent year-over-year growth from Rs. 990 million rupees earned in the same period last year. Independent revenue from operations including access revenue reached Rs. 21,708 crore in the second quarter from Rs. 12,354 crore generated in the same quarter last year.

In addition to announcing the earnings figures, Jio mentioned in his announcement that the launch of Jio UPI pan-India in the MyJio App it was completed during the quarter. Was initially released in January to select users. Jio Platforms also completed all recent investments, excluding the one from googlethe statement said.

Last month, Jio launched its Postpaid Plus service with features including unlimited voice calls, access to streaming applications, and onboard connectivity to expand its postpaid user base in the country, as well as attract new prepaid customers. The telecommunications company also recently announced its partnership with Qualcomm move towards 5G in the future.

Earlier this month, the Telecommunications Regulatory Authority of India (TRAI) announced that Jio became the first mobile phone operator in the country to cross the 40 crore customer mark. The operator added 35.54 lakhs of subscribers in July, according to data provided by the regulator.

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