MUMBAI: According to Reliance Industries Limited’s annual report, Jio had 186.6 million subscribers at the end of March, up 16.5% from the 160.1 million at the end of last year. The company, however, did not mention how many of these are active subscribers.
“Jio, now the world’s largest and fastest growing mobile data network, stunned the world and made us proud by turning profitable in the very first year of operations” said RIL, chairman and managing director, Mukesh Ambani.
In its first year of commercial operations, Jio generated a net profit of Rs 723 crore on a turnover of Rs 23,714 crore.
“Jio continued with its strong subscriber growth, with 186.6 million customers at the end of March 2018, and the lowest churn in the industry at 0.25 per cent per month. Each Jio subscriber on an average consumes 9.7 GB data, 716 minutes of voice calls, and 13.8 hours of video per month,” the report added.
The report also made a mention of Jio’s superior speed, claiming that its average download speed of 17.9 Mbps was more than twice the network speed of any of its competitors.
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