Jio detailed financial and operational performance figures for the quarter, and in terms of the latter, the biggest highlight is that Jio reported a subscriber base of 306.7 million, a net addition of 26.6 million subscribers in the quarter. Other metrics shown from the company include average revenue per user (ARPU), absolute wireless data traffic and voice traffic at the period of time, in addition to churn rate.
As we said, with a subscriber base of 306.7 million as at the conclusion of the January-March quarter, Jio reported net additions of 26.6 million subscribers, and also provided a gross addition figure of 33.2 million. It stated the gross developments figures were changed by a”modest disruption in previous quarter due to transition to the new KYC process.” In terms of subscriber churn rate, the business claims it’s the lowest prices in the market at 0.75 percent per month. To recall, at the conclusion of the October-December quarter, Jio had reported a subscriber base of 280.01 million, with a net addition of 27.9 million in the period.
Its total wireless data traffic has been at 9.56 billion gigabytes (GB), driven by ordinary data consumption per user per month of 10.9GB. Video intake is said to have driven the majority of the usage, rising to 5 billion hours per month. The entire voice traffic has been 724.14 billion minutes, thanks to an normal voice intake of 823 minutes per user per month.
The organization in its quarterly results announcement included the Jio Phone Monsoon Hungama provide continuing to drive”first time data users to the Jio network.” It also stated that Jio GigaFiber services were now being rolled out across 1,600 cities. Jio also disclosed that throughout the quarter, the RIL Group acquired a”majority equity stake” in Reverie Language Technologies Private Limited, including that the”end-to-end voice technology stack of Reverie would be used for providing a complete multilingual user experience across consumer platforms.”
Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited stated:”We Jio are genuinely overwhelmed and proud to currently serve over 300 million subscribers. Growing in data and voice traffic at this scale has been unparalleled. Jio’s network is among the biggest mobile data networks in the world carrying more than 3 Exabytes of information each month at unmatched download speeds. Jio 4G LTE network will shortly cover every district, taluk, gram panchayat and village of India with targeted public coverage of 99 percent. Our constant endeavour is to offer gold standard electronic experience to all our users across the nation.”