+1 607 252-6647 Email Questions

Reliance Jio climbs to $3.6b revenue

  • Published in News
  • Hits: 222

Reliance Jio has posted full-year revenue of 23,916 crore rupees ($3.6 billion), with the Indian telecommunications provider planning to provide 4G coverage to 99 percent of the population in 2018.

Quarterly net profit rose slightly from 504 crore rupees last quarter[1] up to 510 crore rupees ($76.6 million), with Q4 earnings before interest, tax, depreciation, and amortisation (EBITDA) of 2,694 crore rupees ($404.4 million), up 2.5 percent quarter on quarter.

Jio said it is the only pan-India network offering 4G across the 800MHz, 1800MHz, and 2300MHz spectrum bands, as well as having 100 percent network availability with an average download speed of 17.9Mbps during March -- which it said was more than double the speeds available on any other Indian mobile network.

Jio also claims the lowest churn in the industry, at around 0.25 percent per month, and said it has the "world's largest mobile data consumption" as well as being the world's largest voice over LTE (VoLTE) network.

"Jio has built a next generation all-IP data network with latest 4G LTE technology. It is the only network built as a mobile video network and providing voice-over-LTE technology," the company said.

"It has built a future-ready network which can easily deploy 5G and beyond technology in the last leg."

Jio added 26.5 million customers during the quarter for a total of 186.6 million subscribers as of March 31.

"Net subscriber addition for the company during the year 2017-18 was at 83 million, which was the highest in the industry by a substantial margin. Jio continues to have India's largest wireless data subscriber base, with the gap widening from the other operators," it said.

The company added that it is currently

Read more from our friends at ZDNet

Contact us

By Mail

PO Box 5613

Katy, TX 77491

USA

Social: twitter facebook

Phone: +1 607 252-6647

Email: admin [AT] synapticweb [DOT] co