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Reliance Earnings: Jio completes 5G coverage planning for 1,000 cities, retail arm records all-time high revenue

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Jio has completed 5G coverage planning in 1,000 cities across the country, according to a press release by Reliance. The company also claimed that its retail venture, which oversees its digital commerce platforms, registered a "landmark quarter" as revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA) is an all-time high (ATH) figure. “Data driven network planning for Jio’s 5G network is underway based on targeted customer consumption and revenue using heat maps, 3D maps and ray tracing technology for precise coverage planning to target high consumption and high perception locations,” the statement read adding that trials are underway on use cases across healthcare and industrial automation. The company recorded an increase of 10.2 million subscribers to accrue a total base of 421 million subscribers at the end of December 31, 2021. It must be noted that the company also saw a net reduction of 8.4 million in the customer base on account of SIM consolidation and repurposing of its customer retention efforts. “This decline is mainly driven by subscribers with inconsistent engagement and lower-end subscribers,” the company reasoned. The statement wrote that Jio's data traffic touched 23.4 billion gigabytes in the third quarter, over by nearly 50 percent compared to its previous quarter. The statement disclosed that the average data and voice consumption per user per month increased to 18.4 GB and 901 minutes respectively. Jio is the largest telecom operator in the country and its financial statement offers a glimpse of the health of the telecom sector. Reliance…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

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