Reliance Jio subscriber base continues to rise

#dailynews60 : Telecom operator Reliance Jio has added over 84 lakh subscribers in August nationwide, a company statement said.

The gain in subscriber base has been fuelled by “fast expansion of its all 4G network coverage and popular Jiophone”, it said.

Jio’s total subscriber base now stands at 355.2 million, covering 99 percent of India’s population, Reliance revealed.

Meanwhile, India’s fastest-growing 4G network Reliance Jio posted a net profit of Rs 990 crore for the September quarter, a 45.3 percent growth from year-ago.

Revenue increased 33.7 percent year-on-year to Rs 12,354 crore. In these 12 months, Jio added 103 million subscribers to its network, with a churn rate of 0.74 percent, which is below the industry average.

Its wireless data traffic increased nearly 56 percent during the quarter, reaching 1,202 crore GB of consumption. Jio users on an average consume 11.7 GB of data per month, while average voice consumption stood at 789 minutes per user per month. “Customer engagement continues to surprise positively,” Reliance said in a statement.