In no particular order, here are MediaNama’s top 10 stories of the week ended 06th May 2018 MediaNama would like to thank its sponsors: E2E, for their support. Reliance Jio reports Rs 510 crore profit for Q4 FY18, has 186.6 million subscribers Reliance Jio Infocomm Limited (Jio) reported a net profit of Rs 510 crore for the quarter ended March 31, 2018 (Q4 FY18). Its operating revenue for the period stood at Rs 7,128 crore, while its EBITDA for the quarter stood at Rs 2,694 crore. In the previous quarter, the company had posted a slightly lower profit of Rs 504 crores, with an operating revenue of Rs 6,879 crore and EBITA of Rs 2,628 crore. Read it here Idea Money wallet base down 65.23% QoQ to 4.53 million Idea Money, Idea Cellular’s prepaid wallet service, reported a drastic decline in its wallet base to 4.53 million at the end of March 2018, declining 58.85% year on year (down 6.48 million), and 65.23% quarter on quarter (down 8.5 million). There seems to have been some significant culling of the wallet base: probably inactive users being weeded out. Read it here WhatsApp founder exits Facebook after clashes over privacy issues, UPI integration a bone of contention The chief executive and co-founder of WhatsApp, Jan Koum, the Facebook-owned messaging app, is leaving the company over disagreements about privacy and encryption. According to a report in the Washington Post, Koum’s decision is based on Facebook’s attempts to access personal data of users from…
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