Reliance Jio has once again batted for data localisation, stating that its "critical for national interest and security given the increasing sophistication of cyber-attacks" in its annual report for 2018-19. Data localisation will increase investments server and cloud capacity, lead to R&D, and hence create employment in line with Make in India, said the company. "Jio believes that Indians are the true owners of their data and the ownership should not be transferred to any corporate entity. Without the consent of the user, no data should be collected, processed or used by any corporate." Without directly mentioning the Personal Data Protection Bill, the company said "this would require a regulatory framework to ensure that corporates are taking adequate measures to ensure data protection." As for the company's quarterly earnings result, Reliance Jio Infocomm added 116 million net subscribers in a year since Q1FY19 and added 24.6 million net subscribers in the first quarter of FY19-20 alone. Its total subscribers stand at 331.3 million. Revenue grew 54.5% year-on-year to ₹14,910 crore. Subscribers and ARPU this quarter Net subscribers increased by 53.8% YoY to 331.3 million subscribers Standalone net profit: ₹891 crore Standalone EBITDA: ₹4686 crore Quarterly operating revenue increased 44.0% YoY to ₹11,679 crore Monthly ARPU was ₹122, down from ₹126.2 per subscriber last quarter Gross subscribers adds were at 33.8 million Monthly churn rate was 0.97% per month Jio metrics Total wireless data traffic was 1090 GB in the quarter, up from 956 crore GB last quarter Total voice traffic…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...