INSUBCONTINENT EXCLUSIVE:
MUMBAI: Reliance Jio Infocomm reported its eighth profitable quarter in a row on the back of strong subscriber additions and high data
usage.
Profit rose more than 45% from the year earlier but average revenue per user (ARPU), a key performance parameter, fell for the
seventh successive quarter to Rs120 from Rs122 as the Mukesh Ambani-owned telco added more lower-revenue-generating subscribers through its
4G featurephone, the JioPhone.
Jio posted profit of Rs990 crore in the quarter ended September, up from Rs 681 crore a year ago, against
market estimates of more than Rs 1,000 crore
Friday, referring to the ARPU decline
ensuring that they consume more data
interconnect usage charges (IUC) as per rules
Thakur said.
IUC, a charge paid by the call-originating telco to the destination operator, is at the heart of the latest spat between Jio
slated to take effect from January 2020
Jio wants the charge to go, which will help to lower its costs, while the older operators want it to stay, since they are net revenue
gainers from IUC.
Interconnect Usage Charge Declines 23%The access charge, or IUC, that Jio pays however has been falling
In the September quarter, it fell 23% to Rs655 crore from the preceding one, building on a similar drop in the April-June period, as more
subscribers in the quarter for a total of 355.2 million at the end of September
Monthly average data usage per user rose to 11.7 GB from 11.4 GB but voice consumption per user fell to 789 minutes per month from 821
minutes in the preceding quarter.
Helped by higher data usage by a larger user base, operating revenue rose 5.8% sequentially to Rs 12,354
Vodafone Idea will announce their results later this month and early November, respectively
Dhamija, partner at Analysys Mason
sequentially, to Rs5,166 crore, beating estimates
Ebitda margin expanded to 41.8% from 40.1% in the preceding quarter, helped by operational efficiencies, the company said.
"Since they have
about Rs 1.07 lakh crore from the balance sheet.
Gross debt at the end of September was Rs84,00 crore, with the net finance cost rising
nearly 13% sequentially to Rs1,871 crore
lnfratel unit in a multi-stage deal, which would see it first investing Rs 25,215 crore in an infrastructure trust that owns 51% of the
