INSUBCONTINENT EXCLUSIVE:
RIL chairman Mukesh Ambani said Jio is committed to offering most value to its stakeholdersReliance Jio Infocomm, which offers telecom
services under brand Jio, on Friday posted a standalone profit of Rs 612 crore for the April-June period
That marked a 20 per cent month-on-month increase in net profit and the third straight profitable quarter for Reliance Jio, the telecom arm
of energy conglomerate Reliance Industries
Reliance Jio said growth in subscriber additions and higher data usage led to strong financial performance
Reliance Jio Infocomm had reported a standalone net profit of Rs 510 crore for the January-March quarter
Reliance Jio doubled its customer base and most user metrics in the last 12 months, Reliance Industries chairman Mukesh Ambani said.Reliance
Jio said its subscriber base was at 215.3 million as of June 30, 2018
The telecom company said it registered the highest net addition to subscriber base in any quarter since the launch of commercial services
customer activity grew substantially in the April-June period with average data consumption per user per month of 10.6 GB and average voice
consumption of 744 minutes per user per month
( What Jio Monsoon Hungama exchange offer means for you)Here's what billionaire Mukesh Ambani said on Reliance Jio earnings:Jio continues
on its path to drive digital revolution in India
We doubled our customer base and most user metrics in the last 12 months
215 million customers within 22 months of start is a record that no technology company has been able to achieve anywhere in the world
Jio has built an ecosystem for digital services and its affordable and simplified pricing strategy offers every Indian a chance to
experience the "power of data"
FTTH and Enterprise services with strong fibre backbone across the country would further establish Jio's leadership as a digital services
provider.The continued strength in financial results of Jio despite competitive intensity reinforces the customer uptake of its services and
its strong operating leverage
Jio is committed to offering most value to all of its stakeholders.
