JioGigaFiber’s 0.5 mn existing trial users being moved to paid bundled plans
The conglomerate also stated that beta trials of JioGigaFiber services across more than 0.5 million homes were very successful with monthly data usage in excess of 100 GBs.
The company also said it will be ramping up its sales engine to connect 20 million homes and 15 million enterprises for the FTTH service.
Reliance stated that it has received strong interest across the 1,600+ cities where the FTTH services would be launched initially. It also expects FTTH and enterprise services to be key growth and margin tailwind over the medium term.
Jio is now the second-largest single-country operator globally with its subscriber base increasing to 355.2 million as of 30-September-2019. The net subscriber addition for the company during the past twelve months was 103 million.
Jio has become a service provider of choice across customer strata and seen unprecedented growth to market leadership (in terms of Adjusted Gross Revenue and Subscriber base as published by TRAI).
Customer engagement for Jio services continues to be strong with average data consumption at 11.7 GB per user per month, average voice consumption at 789 minutes per user per month. Affordable tariffs, wide network presence, and improving use cases on the Jio digital platform have been key drivers of engagement levels.
Jio continues to deliver healthy financial performance primarily led by subscriber momentum and cost efficiencies.
Quarterly operating revenue increased by 33.7% Y-o-Y to Rs 12,354 crore. Operational efficiency is reflected in an EBITDA margin of 41.8% (up 315bps Yo-Y) which has driven EBITDA to Rs 5,166 crore during the quarter.