Jio now has a subscriber base of 40.56 crore subscribers

Reliance Jio now has a base of 40.56 crore subscribers, Reliance Industries said when it announced its earnings for the second quarter ending September 30th on Friday. The telecommunications operator, which is already the largest telecommunications company in India, added 73 lakh subscribers in the quarter, compared with 99 lakh new customers in the previous quarter ended June 30. Based on Average Sales Per User (ARPU) Jio said it generated Rs. 145 per subscriber per month in the second quarter. This shows an increase of 3.2 percent over the Rs. 140.3 ARPU previously reported.

With a total of 40.56 million subscribers in the September quarter, Jio saw its subscriber base grow 15.9 percent year over year. The Mumbai-based operator reported a monthly churn rate of 1.69 percent for the quarter. That is an increase of 0.46 percent in the first quarter. The increase was due to the impact of COVID-19 on SIM consolidation and the migrants’ recharge cycle.

“With a large raise of capital in the Jio and retail business over the past six months, we have added several strategic and financial investors to the Reliance family,” said Mukesh D. Ambani, chairman and general manager of Reliance Industries Limited, in a prepared statement. “We continue to pursue growth initiatives in each of our businesses, with a focus on India’s opportunities.”

Jio said the average wireless data usage per user per month for the quarter was 12 gigabytes (GB). The operator also found that the average voice consumption was 776 minutes per user per month. In addition, total wireless traffic increased to 1,442 crore GB, up 20 percent over the previous year.

Jio earned quarterly net income of Rs. 3,020 crores, showing an almost two-fold increase or a year-over-year increase of over 205.05 percent over the Rs. 990 crores were earned in the same period last year. Standalone revenue from operations that include access revenues reached Rs. 21,708 crores in the second quarter of Rs. 12,354 crores generated in the same quarter last year.

In addition to announcing the winning numbers, Jio mentioned in his announcement that the rollout of Jio UPI for all of India in the MyJio app was completed in the quarter. It was originally launched in January for the purpose of selecting users. Jio Platforms has also completed all of its most recent investments, with the exception of Google, the press release said.

Last month, Jio launched its Postpaid Plus service with features like unlimited voice calling, access to streaming apps and in-flight connectivity to expand its postpaid user base in the country and attract new prepaid customers. The telecommunications company recently announced its partnership with Qualcomm to move to 5G in the future.

Earlier this month, India’s Telecommunications Regulatory Authority (TRAI) announced that Jio has become the country’s first mobile operator to surpass 40 crore customers. The operator added 35.54 lakh subscribers in July, according to data provided by the regulator.

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