Jio surpasses China Mobile as world’s top data traffic operator
Jio's 5G user base, now at a staggering 108 million, ranks second globally, with these users contributing over a quarter of its wireless data traffic.
Jio's 5G user base, now at a staggering 108 million, ranks second globally, with these users contributing over a quarter of its wireless data traffic.
Of the ₹79,020 crore net profit in FY24, ₹21,423 crore came from Jio and ₹11,101 crore from retail.
The telecom operator's revenue from operations rose 11% year-on-year to ₹25,959 crore in the fourth quarter.
RIL's petroleum business posted a net profit of ₹9,924 crore in the December quarter, while the consumer businesses together registered a profit of ₹8,610 crore.
Jio's ARPU increased 2% year-on-year to ₹181.7.
COAI's pitch for equitable sharing of infra costs shows telecom and OTT business is a painful affair in India.
Reliance Jio and Bharti Airtel will need to work on 5G tariffs and customer migration.
JioAirfiber offers speeds ranging from 30-1000Mbps, in line with its fibre to the home service.
The NVIDIA-powered AI infrastructure is the foundation of the new frontier into AI for Reliance Jio Infocomm, Reliance Industries' telecom arm.
On the sequential basis, Jio’s profit grew by 1.6% in the March quarter, while revenue rose 1.7%.