Jio Reports Fastest FWA Growth Globally with Over 2.8 Million AirFiber Connections

Jio Reports Fastest FWA Growth Globally with Over 2.8 Million AirFiber Connections
RIL announced that its telecom unit, Jio Platforms Limited, which includes Jio’s digital services, reported a quarterly profit of Rs 6,536 million, backed by an Average Revenue per User (ARPU) of Rs 195.1 for the quarter ended September 30, 2024. The company said that the full impact of the tariff hike would materialise over the next 2-3 quarters. Overall, the company reported a total subscriber base of around 479 million as of September 2024, with 148 million subscribers upgrading to 5G, contributing to around 34 percent of wireless data traffic.

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Also Read: Reliance Jio Slows Down 5G Expansion Amid Monetisation Issues: Report

Fastest Growing Fixed Wireless Operator

Additionally, Jio claimed to be the fastest-growing fixed wireless operator globally, with over 2.8 million JioAirFiber connections. The company noted that per capita data consumption increased to 31GB per month, driven by a higher mix of 5G and home users.

Also Read: Jio Introduces AirFiber Service in Five Tribal Villages of Kerala

“Our performance reflects robust growth in Digital Services and Upstream business. This helped partially offset weak contribution from O2C business which was impacted by unfavourable global demand-supply dynamics,” said chairman and managing director Mukesh Ambani.

“Growth in Digital Services was led by increased ARPU and improving customer engagement metrics reflecting the strong value proposition of our services. The home broadband segment is witnessing accelerated momentum on the back of our unique industry-leading JioAirFiber offering. Jio’s broad spectrum of offerings enables it to digitally empower every village, town and city in India as well as the country’s small and medium-scale enterprises. The digital services business continues to focus on innovative deep-tech solutions on a national scale and is on track to deliver the path-breaking benefits of Artificial Intelligence to all Indians,” Ambani added.