Reliance Jio Financial News

Reliance Jio is set to incorporate the latest technologies like Web3 and blockchain on its network and services through a partnership with cryptocurrency and blockchain platform Polygon Labs.

bank guarantees worth about Rs 33,000 crore for past spectrum auctions to all three private operators — Reliance Jio, BhartiAirtel, and Vodafone-Idea (Vi). The bulk of the relief, amounting to Rs 24,800 crore, applies to Vi, a relative straggler.

Reliance Jio subscribers can now enjoy affordable speed and convenience of unlimited 5G network. The telecom company has introduced an annual Rs 601 True 5G gift voucher, which offers unlimited 5G data along with enhanced 4G data benefits.

Reliance Jio's heavy 4G and 5G user losses following recent tariff hikes triggered a sharp fall in India's mobile broadband user base in September — the first decline after two years of steady growth since the launch of 5G services in October 2022. India's 4G-cum-5G user base plunged by a record 5.6 million in September, shrinking the nation's mobile broadband user base to 901 million, latest subscriber data collated by Trai showed. This user base had earlier risen from 790 million in October 2022 to around 906 million in August 2024. According to Trai data, Jio lost 8 million 4G/5G users in September while Airtel and Vodafone Idea added 0.4 million mobile broadband users each. State-run Bharat Sanchar Nigam Ltd (BSNL), which did not raise prices, added 1.5 million such users.

Elon Musk’s Starlink and Jeff Bezos-owned Amazon Kuiper, and India’s top three telecom operators to discuss satellite spectrum pricing mechanism and other modalities.

Reliance Jio Infocomm on Monday reported a 23.4% jump in its September quarter consolidated net profit at Rs 6,539 crore versus Rs 5,299 crore reported by the company in the year ago period. The revenue from operations stood at Rs 31,709 crore, higher by 18% over Rs 26,875 posted by the company in the corresponding quarter of the previous financial year. The company reported strong 7.4% YoY increase in average revenue per user (ARPU) to Rs 195.1.

₹999 is available for both prepaid and postpaid customers. Similar to other plans that offer 5G access, Jio users will get a range of services at this price, including unlimited voice calls, 100 SMS per day and access to the company’s Jio Cloud, Jio Cinema and JioTV suite of apps.However, for users who reside in places where 5G connectivity is spotty or unavailable, the operator has something for them as well.

Myntra, Fractal, Nazara, Policybazaar and Rapido. Playbook’s fund will invest in growth-stage, tech-enabled businesses in large addressable markets that have meaningful scale, healthy operating margins, and high growth. With an average ticket size of $10-20 million, the fund will roughly constitute about 15-20 investments across various sectors including health-tech, SaaS, fintech, ecommerce and supply chain.

Reliance Jio's 100GB free cloud storage offer could challenge Google One and iCloud's dominance among Android and Apple phone users in India, something which Dropbox and Microsoft's OneDrive haven't been able to do as yet, experts said. The competition could also nudge these players to lower their pricing — Google One (100GB at ₹130), iCloud (50GB at ₹75) — a trend emerging as Indian players like Ola, and MapMyIndia, challenge the large Western counterparts like Amazon Web Service (AWS), Microsoft's Azure, Google etc. «Jio has brought a very lucrative proposition for an average phone user in India who struggles to upgrade memory because of paid storage,» said Neil Shah, founding partner of technology consulting firm Counterpoint Research. «But, bundling of products and services with the OS ecosystem is a key challenge here.»

₹1,299 and ₹1,799. Previously, these plans were listed at ₹1,099 and ₹1,499, respectively.

telecom operators, Jio Infocomm, on Friday unveiled that the company's average revenue per user remained muted at Rs 181.7 per subscriber on monthly basis for the first quarter of the financial year. Additionally, the Reliance-owned telco announced that it had new 8 million net additions in 1Q FY25 with monthly churn at 1.7%. “Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach," said Akash M Ambani, Chairman of Reliance Jio Infocomm.

The Reliance Industries' telecom subsidiary reported revenue from operations at Rs 26,478 crore, which was up by 10% from Rs 24,042 crore reported by the company in the corresponding period of the previous financial year.

The Government of India has decided not to intervene or prevent Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) from raising mobile tariffs, according to a report. Despite the price hike, mobile tariffs in India continue to remain among the lowest globally, prompting authorities to urge telcos to prioritise improving service quality, according to officials. They emphasised that the situation is “not critical.” “There is enough competition in the telecom sector, and the situation is not critical. Consumers may feel some pinch of the price rise, but the hike has happened after three years,” an anonymous government official was quoted by The Economic Times as saying.

Reliance Jio has hiked the prices of its prepaid and postpaid plans by 12-25 percent. The new prices will come into effect from July 3, 2024. Alongside the tariff revision, Jio has also increased the entry-barrier to use free unlimited 5G data under its “Jio Welcome Offer.”  

Bharti Airtel and Reliance Jio are expected to post their highest-ever return on capital invested this fiscal as the country's top telecom firms complete 95% pan-India 5G rollouts and focus on improving returns, according to analysts. Macquarie Research estimates Airtel's ROCE (return on capital employed) to surge to 10-19% during FY25-28 from 2-6% in the last more than a decade, aided by tariff hikes, better subscriber mix and capex moderation. Airtel had invested $32 billion in FY24, generating a return of 8%. Over the next four years, while investments will drop to $28 billion per year, returns will likely more than double to 19%, Macquarie data showed. «From its lows in FY19, Airtel's India mobile ARPU (average revenue per user) has improved to ₹209 in 4QFY24 (2x in five years),» the company said in an investor update. Macquarie expects Airtel's India ARPU to reach ₹275 per month in FY27, driven by a likely 15% rise in industry tariffs post the general elections this week, followed by ongoing mix improvements — data users, upgrades to 5G, strategic segmentation, and prepaid to postpaid conversions.

Reliance Jio and Bharti Airtel’s net worth has improved sharply since the last spectrum auction in August 2022 even as Vodafone Idea’s negative net worth widened amidst its continuing financial struggles. In the upcoming auction, scheduled to start on June 6, the three private telecom players will be competing for Rs 96,317.65 crore worth of 5G airwaves. As per details submitted by the companies to the Department of Telecommunications (DoT), Reliance Jio’s net worth at the end of March 31, 2023, stood at Rs 2,15,992 crore. In the last auction, the wholly owned subsidiary of Jio Platforms, had a net worth of Rs 1,97,790 crore. Similarly, Airtel’s net worth has risen to Rs 86,260 crore as on December 31, 2023, from Rs 75,886 crore in the last auction.

telecom industry recorded a 1.88% sequential growth in adjusted gross revenue (AGR) to Rs 67,835 crore in the October-December quarter, led by growth of Bharti Airtel and Reliance Jio, which expanded their 5G services. State-run Bharat Sanchar Nigam Ltd. (BSNL) also saw its AGR for mobile services rise but cash-strapped Vodafone Idea continued to witness a decline. As per data released by the Telecom Regulatory Authority of India (Trai) on Tuesday, of the total AGR of the telecom industry, access or mobile services contributed 82.07% at Rs 55,669.76 crore while NLD (national long distance) AGR stood at 6,523.30 crore and ISP (internet service provider) AGR at Rs 3,881.79 crore.

Reliance Jio and Bharti Airtel, India's top two telecom operators, are set to report modest sequential growth in their fiscal fourth-quarter India mobile revenue, supported mainly by strong broadband user additions in the absence of tariff hikes, analysts said. Vodafone Idea (Vi) is likely to report a sequential dip in its March-quarter revenue, stung by continued heavy customer losses. Jio and Airtel, though, are likely to report flattish operating margins, weighed down by higher 5G-related costs, the analysts said.

spam calls and messages in recent times despite several measures taken by the Telecom Regulatory Authority of India (Trai). However, there is a simple solution to keep the unwanted telemarketing calls at bay. All you have to do is activate the Do Not Disturb (DND) feature on your mobile network. Here's a step-by-step guide on how to do it for networks like Jio, Airtel, and Vi. To block all those pesky marketing calls and messages, follow these easy steps: 1. Open your phone's default messaging app. 2. Create a new message and type FULLY BLOCK in capital letters.

Bharti Airtel added more active users than Reliance Jio in December 2023, helped by strong mobile broadband user gains, while Vodafone Idea (Vi) yet again lost such users, underlining its continuing inability with take on its two bigger rivals. Airtel and Jio added 3 million and 1.21 million active users respectively in December, while Vi lost 1.84 million active users, latest customer data put out by the Telecom Regulatory Authority of India (Trai) showed. Active, or visitor location register (VLR), data put out every month by Trai, indicates the number of mobile users regularly using a mobile network.

₹5,208 crore from ₹5,058 in Q2FY24. The telecom operations of Mukesh Ambani's Reliance Industries' revenue from operations stood at ₹25,368 crore, up 2.5% during the quarter ended December from ₹24,750 crore in Q2FY24.