Nearly three years since its launch, Mukesh Ambani-owned Reliance Jio’s subscriber base has reached 280.1 million, adding 27.9 million in the quarter ending in December. Announcing its financial results for the third quarter of FY2019, Jio reported a net profit of Rs 831 crore (65% growth) and operating revenue of Rs 10,383 crore for the quarter, which is a 12.4% growth from the previous quarter.
The average data consumption per user per month stood at 10.8 GB, which was majorly driven by video consumption of 794 minutes per user per month. The average voice consumption was 794 minutes per user per month.
In total, Jio witnessed wireless data traffic of 864 crore GB during the December quarter, while the voice traffic stood at 63,406 crore minutes. Its average revenue per user (ARPU) for the quarter was Rs 130.
It also claims that among all telecom players, Jio experienced the lowest call drop rate at 0.12%.
“The Jio family is now 280 million strong and growing on one of the world’s largest mobile data networks, in line with our vision of connecting everyone and everything, everywhere – always at the highest quality and the most affordable price. We are similarly working on re-inventing the connectivity solutions market for Homes and Enterprise with our next generation FTTX services. Our relentless focus is on creating platforms to truly transform the digital life of every citizen of India across connectivity, commerce, media and entertainment, financial services, agriculture, education and healthcare, which will further enhance productivity and economic prospects of our nation,” Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said in a statement on Thursday.
Jio’s broadband solution, JioGigaFiber, which was launched in 2018, saw overwhelming interest across 1,400 cities, Jio says, as it is in the process of connecting homes on priority based on the requests received and optimising its service offerings.
Post regulatory approvals on its deal to acquire Hathway Cable and Den networks, Jio says that it will be strengthening the business model of 27,000 local cable operators that are aligned with DEN and Hathway across 750 cities, by creating multiple future opportunities with new services and platforms.
It also announced that it intends to transfer its fibre and tower businesses into separate companies Jio Digital Fibre Private Limited and Reliance Jio Infratel Private Limited, respectively.