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Reliance Jio Q1 profit surges 12% to ₹5,445 cr
India’s largest telecom service provider records 10% growth in its Q1 FY25 revenue at ₹26,478 crore
India’s largest telecom service provider records 10% growth in its Q1 FY25 revenue at ₹26,478 crore
In May 2024, Reliance Jio and Bharti Airtel collectively expanded their wireless subscriber base by 3.44 million users
RIL share hits a 52-week high a day after its telecom arm hiked tariff prices by up to 25%; RIL shares are up 20.22% in the calendar year
Jio's ₹239 monthly plan, which offers 1.5 GB of data per day, will now cost ₹299—an increase of 25%.
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
Employees undergo training to fill skill gap to navigate the future.
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.