INSUBCONTINENT EXCLUSIVE:
Reliance Jio has said it would charge its customers 6 paise per minute for calls made to other networksReliance Jio Infocomm - the telecom
arm of Reliance Industries - on Friday reported a net profit of Rs 990 crore for the second quarter of current financial year
interest, taxes, depreciation and amortization (EBITDA) - jumped 44.6 per cent to Rs 5,166 crore.EBITDA margin improved to Rs 41.8 per cent
in the second quarter of 2019-20, from 40.1 per cent in the previous quarter and 38.7 per cent in the quarter ended September 30, 2018, the
telecom operator said.Earlier this month, Reliance Jio said it would charge its customers 6 paise per minute for calls made to other
networks till the telecom sector regulator TRAI (Telecom Regulatory Authority of India) moves to a zero termination-charge regime.Shares in
Reliance Industries ended 1.37 per cent higher at Rs 1,415.30 apiece on the BSE ahead of the earnings announcement, outperforming the
capitalisation stood at Rs 8.97 lakh crore, still making the conglomerate the most valuable company of the country.Follow
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