Reliance Jio added 83 mn net subs in FY18 to take its total subs to 186.6 mn

Techenonik

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MUMBAI: Mukesh Ambani’s telecom project Reliance Jio has amassed 186.6 million subscribers at the end of the financial year March 2018. Jio’s net subscriber addition during FY 2017-18 was at 83 million.

In a letter to shareholders, the company’s CMD also claimed that Jio has the lowest churn in the industry at 0.25% per month. Further, each Jio subscriber on an average consumes 9.7 GB data, 716 minutes of voice calls, and 13.8 hours of video per month.

“Jio continued with its strong subscriber growth, with 186.6 million customers at the end of March 2018, and the lowest churn in the industry at 0.25% per month. Each Jio subscriber on an average consumes 9.7 GB data, 716 minutes of voice calls, and 13.8 hours of video per month,” Ambani said.

He also noted that Jio has become profitable in the first year of its operations with a net profit of Rs 723 crore and revenue of Rs 23,714 crore in FY18.

“Equally important, Jio turned profitable in the very first year of operations. Jio earned a net profit of ₹723 crore on a turnover of ₹23,714 crore in its first year of commercial operations,” he stated.

The company had an industry-leading average revenue per user (ARPU) of Rs 137 per month on a diversified subscriber base.

He also said that India was the top country in the world in mobile data consumption within months of Jio’s launch. “More subscribers were added to Jio’s network in the last year than all other operators combined,” he said.

Ambani said that Jio continues to expand its 4G network coverage, and is further deepening in existing areas to achieve a 99% population coverage.

Talking about Jio’s content offerings, Ambani said Jio offers its subscribers unique content such as Pyongyang 2018 Olympic Winter Games, and Jio Cricket Play Along. He also said that the MyJio app is the most popular self-care app with over 150 million downloads and substantial additional features.

Jio, he noted, has forged partnerships with the likes of Balaji Telefilms, Eros International, and Saavn to bring unique content with an intuitive user interface to every Indian.

The company is also making progress on delivering enterprise solutions, FTTH and IOT, with beta trials initiated in a few locations. These services are being offered using the existing integrated network and platforms.