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Reliance Jio beats Street, tariff hike lifts Arpu after three quarters | Mint
Livemint
·
9m ago
Medial
Reliance Jio, the telecom arm of Reliance Industries, has reported better-than-expected results for the September quarter. The company's net profit rose 14.76% q-o-q to ₹6,539 crore, while revenue from operations increased 7.67% q-o-q to ₹31,709 crore. The Ebitda also surpassed estimates, rising 17.8% to ₹15,931 crore. Jio's average revenue per user (Arpu) in September was ₹195.1, up 7.4% y-o-y and sequentially. The company also added 4.2% more customers, taking the total to 479 million. However, Jio lost 10.9 million subscribers in the quarter, higher than expected.
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Reliance Jio announces major tariff hike, discontinues popular plans; netizens express disappointment | Mint
Livemint
·
1y ago
Medial
Reliance Jio has announced a tariff hike and two popular prepaid plans, priced at ₹395 and ₹1,559, were discontinued. Users were disappointed as these plans offered unlimited 5G data and extended validity periods. Customers who wanted to recharge in advance were unable to find these plans on Jio's website. The discontinuation is believed to be a result of the relatively lower Average Revenue Per User (ARPU) generated by these plans, leaving long-term users frustrated.
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Reliance Jio introduces new ’true unlimited upgrade’ add-on plans amid customer backlash over tariff hikes | Mint
Livemint
·
1y ago
Medial
Reliance Jio has introduced three new "True Unlimited Upgrade" add-on plans in response to customer dissatisfaction over recent tariff hikes. These plans provide unlimited 5G connectivity but only for users with 5G-compatible devices connected to the Jio True 5G network. The new add-on plans come after popular prepaid plans were scrapped, causing complaints. Only users with plans offering 2GB of data per day or more will be eligible for unlimited 5G data, while plans with 1.5GB data per day or less will have data limits. The recent tariff hike by Reliance Jio and other telecom providers has led to price increases up to 25% on all prepaid, postpaid, and data plans.
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Reliance Jio’s surprise move: Teleco axes popular 5G prepaid plans of ₹395/ ₹1,559. Subscribers see rising costs | Mint
Livemint
·
1y ago
Medial
Reliance Jio has decided to discontinue its popular ₹395 and ₹1,559 prepaid plans, which offered unlimited 5G data and extended validity periods. This move comes ahead of a tariff increase scheduled for July 2024, as Jio aims to boost its average revenue per user (ARPU) and improve profitability in a competitive market. The base plan will see a 22% increase, while other plans will also experience price hikes, affecting both short-term and long-term options.
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Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July
Money Control
·
10m ago
Medial
In July, state-run BSNL emerged as the only player to gain new subscribers and lead the market in terms of net customer addition in India's telecom sector. Other major players, including Reliance Jio, Bharti Airtel, and Vodafone Idea, reported a decline in customer base due to a tariff hike. BSNL added over 2.94 million mobile subscribers in July, while Airtel lost 1.69 million subscribers, Vodafone Idea lost 1.41 million, and Reliance Jio lost 758,000 subscribers. Overall, the telecom subscriber base slightly decreased to 1,205.17 million in July.
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Jio Emerges As World’s Fastest Growing 5G FWA Provider
Inc42
·
9m ago
Medial
Reliance Jio has seen significant growth in its subscriber base with its Air Fiber service, expanding three times in the past four quarters. The company aims to reach 100 million subscribers and plans to add over one million users every month to its 5G-based JioAirFiber and wired JioFiber broadband services. Additionally, Reliance Jio Infocomm reported a 7.4% year-on-year growth in average revenue per user, reaching INR 195.1 in the September quarter.
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After Jio, Airtel raises mobile tariffs from 3 July. Details here
Livemint
·
1y ago
Medial
Telecom giant Bharti Airtel has announced a hike in mobile tariffs, following the recent increase by Reliance Jio. Airtel stated that the move was necessary to maintain a financially healthy business model for telcos in India. The company has increased its prepaid plans by 11-21% and postpaid plans by 10-20%. However, it claimed that the increases were modest and aimed not to burden customers. Airtel also confirmed that it will not introduce separate 5G tariff plans, unlike Jio, which has made 5G services available only on certain plans.
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Reliance Jio Turns Its Revenue Machine On
Inc42
·
1y ago
Medial
Reliance Jio's upcoming IPO next year may lead to higher internet prices, impacting millions of Indians who may struggle to afford the increased costs. The recent tariff hikes announced by Reliance Jio and other telecom companies have caused concern among the 470 million Jio 4G subscribers. In addition to the attention garnered by the extravagant Ambani family wedding, this development has also gained significant publicity.
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Jyotiraditya Scindia tasks BSNL to grow mobile service business by 50 pc next year
Economic Times
·
11d ago
Medial
Union Telecom Minister Jyotiraditya Scindia has tasked BSNL to boost its mobile service business by 50% over the next year. During a review meeting, he urged increased customer acquisition, enhancing enterprise business by 25-30%, and fixed-line growth by 15-20%. Scindia emphasized the connection between customer satisfaction and increased Average Revenue Per User (ARPU), aiming for BSNL to match competitors like Reliance Jio and Airtel, thereby improving its financial performance and operating margins.
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Jio Leasing Services invests ₹67.50 crore in Reliance International Leasing | Mint
Livemint
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11m ago
Medial
Jio Leasing Services Limited (JLSL), a subsidiary of Jio Financial Services, has invested INR 67.50 crore in Reliance International Leasing IFSC Limited. The investment is in the form of 8.1% cumulative optionally convertible preference shares and is aimed at funding the business operations of RILIL, a joint venture between JLSL and Reliance Strategic Business Ventures Ltd.
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RIL AGM 2024: Jio TV to have access to over 860 channels | Mint
Livemint
·
11m ago
Medial
Reliance announced that Jio TV will now offer access to over 860 channels, allowing subscribers to catch up on missed shows for up to 7 days. Jio Fiber and Jio Air Fiber subscribers will also have access to content from popular OTT apps. The JioTV+ app, previously available only through Jio set-top boxes, is now accessible to all subscribers. Reliance Chairman Mukesh Ambani described AI as transformative and emphasized the company's focus on long-term wealth creation for the nation. Ambani also highlighted India's growth as a major global engine.
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