Reliance Jio has reported Rs. 9240 crore revenue, up 13.9% QoQ and 50.3 YoY and a net profit of 681 crore, up 11.3% QoQ for its fifth quarterly financial performance for the period that ended 30th September, 2018. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 3,573 crore, up 13.5% QoQ, EBITDA margin of 38.7%, and Standalone earnings before interest and tax (EBIT) of 2,042 crore, up 19.6% QoQ . Consolidated value of services stood at 10,901 crore, up 13.9% over trailing quarter. It has 252.3 million subscribers as of September 30th, achieving it in 25 months of commencemnt of services.
- Average revenue per user (ARPU) during the quarter – ₹131.7 per subscriber per month
- Total wireless data traffic – 771 crore GB
- Average voice traffic – 53,379 crore minutes per day
- Video consumption per subscriber per month – 410 crore hours (17.5 hours per user per month)
Jio announced its JioGigaFiber services for Homes and Enterprise at the 41st
AGM (post IPO) of RIL in July. These services are being offered across 1,100 cities with registration starting 15th August 2018, and the company said that Homes are being connected on priority based on the number of requests received in the area.
Reliance Industries Limited announced strategic investments in and partnership with Den Networks Limited and Hathway Cable and
Datacom Limited:
- Primary investment of Rs. 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs. 245 crore from the existing promoters for a 66% stake in Den Networks Limited
- Primary investment of Rs. 2,940 crore through a preferential issue under SEBI regulations for a 51.3% stake in Hathway Cable and Datacom Limited
Through these investments, Reliance and Jio will be strengthening the 27,000 LCOs that are aligned with DEN and Hathway to enable them to participate in the digital transformation of India through (a) access to superior back-end infrastructure; (b) tie-ups with content producers; (c) access to latest business platforms to improve business efficiencies and deliver customer experience; and (d) investment in digital infrastructure for
connecting customers. This will create multiple future opportunities for LCOs as Jio rolls out new services and platforms.
Jio said that it has already started work on connecting 50 million homes across 1,100 cities. It will work together with Hathway and DEN and all the LCOs to offer a quick and affordable upgrade to a world-class line-up of JioGigaFiber and Jio Smart-Home Solutions to the 24 million existing cable connected homes of these companies across 750 cities.