
Jio, Airtel add 19.8 lakh mobile subscribers in Feb; Vodafone loses 20 lakh users: TRAI
During the month under review, Jio added 10,04,797 mobile subscribers as against 16,58,448 subscribers in January.
During the month under review, Jio added 10,04,797 mobile subscribers as against 16,58,448 subscribers in January.
The Mukesh Ambani-led conglomerate posted a profit of ₹19,299 crore for the fourth quarter.
On the sequential basis, Jio’s profit grew by 1.6% in the March quarter, while revenue rose 1.7%.
Reliance is expected to report single-digit growth in its top and bottom lines, while consolidated EBITDA is seen growing double-digit year-on-year in Q4 FY23.
The telecom sector's postpaid ARPU is estimated to have declined to around ₹245 in FY23 from around ₹275 in fiscal FY21.
Ind-Ra expects telecom companies to increase their capex intensity for the next 12 months to deploy 5G services at an accelerated pace.
The additional three add-on connections will be available at ₹99 per SIM.
The current acquisition is in line with Jio's plan to boost innovation and leadership in the production of telecom network products.
Net debt rose to ₹110,248 crore from ₹3,862 crore in the last one year due to the rising capital expenditure.
The consolidated revenue from operations rose 13.3% YoY to ₹220,592 crore, driven by continuing growth in consumer businesses and higher gas realisation.