wordpress blog stats
Connect with us

Hi, what are you looking for?

Jio says it had 16.68 exabytes of traffic in Q4FY21; user base up to 426 million

Key Takeaways and Financial Snapshot — Q4FY21

  • Jio’s data traffic continues to grow steadily as it adds more users; its 426 million-strong user base used 16.68 exabytes of data in the quarter ended March 31, 2020. That translates to over 16 billion gigabytes of traffic. This is up 26.7% YoY. RIL Joint CFO V Srikanth said this translated to “2.3 GB per customer usage of data and about 823 minutes of voice” on a monthly basis.
  • Revenue from operations stood at Rs 18,278 crore, up 18.9% YoY.
  • Net profit was up 47.5% YoY to Rs 3,508 crore.

Source: Reliance Industries Limited

User addition was a lot better than last quarter — on a net basis, the company added about 15 million new subscribers. In the previous quarter, Jio had blamed rhetoric around the farmer protests for causing high churn on its business, and it added around 5 million subscribers in Q3.

Anshuman Thakur, Head of Strategy at Jio, had this to say on the telco’s spectrum acquisition:

One of the developments in the last quarter was a spectrum auction, where we participated and enhanced our spectrum footprint. Between that auction, and the spectrum that we acquired through a spectrum trading arrangement that we have entered into with Bharti Airtel we have now taken our spectrum footprint to 1732 MHz. This now gives us 2 to 10 megahertz of spectrum in the 1800 band across all of these circles, 40 MHz of contiguous spectrum in the 2300 band across all of these circles, and 2 X 10 in 800 band across 18 of the 22 circles. The average life of the spectrum is the longest in the industry at close to 16 years, and all of the spectrum is suitable to even deploy 5G technology as well as our narrowband IoT, that we are already we have gone commercially live with.

The total cost of spectrum purchase was Rs 57,123 crores, and with an upfront payment of Rs 19,939 crore. This is the spectrum that we had acquired the right to use in the spectrum auction.

Press Release | Earnings Call (.mp4) | Transcript | Investor Presentation (Page 22 onwards)

Advertisement. Scroll to continue reading.
Written By

I cover the digital content ecosystem and telecom for MediaNama.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

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

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...

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ