RIL's profit from consumer business to leapfrog petroleum
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.
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%.
The telecom sector's postpaid ARPU is estimated to have declined to around ₹245 in FY23 from around ₹275 in fiscal FY21.
Subscribers of 5G services will provide a fillip to data consumption because they would uptrade to higher data packs for better speeds, says CRISIL.
The additional three add-on connections will be available at ₹99 per SIM.