Reliance Jio to Cross 400 Million Subscribers Mark in 2020, JioPhone Users Projected to Grow 150 Million

Analysts have projected that Reliance Jio will likely have 400 million subscribers under its umbrella by March 2020. The Mukesh Ambani led telco will probably have 150 million JioPhone users by that time with the most representation from the rural market, analysts said. It is no surprise that Reliance Jio has benefitted exceptionally well from its competitive product offerings targeted towards rural India. The officials also said that Reliance Industries, which is Reliance Jio’s parent company might even start selling a mix of digital-telecom retail products or content services in the coming time.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

jio-400million-subscribers

Reliance Jio Becomes RIL’s Biggest Bet

As per an ET report, CLSA has estimated that specifically, Reliance Jio’s subscriber base will touch the 414 million figure by the end of FY 2019. To give you a better picture, the projected subscriber base of Reliance Jio will almost be equal to the 45% of the Indian populating belonging to the 14-80 years age group. The firm has also revealed that the telecom business of Reliance Jio is likely to contribute 80% of the total EBITDA to the parent company Reliance Industries. To recall, Trai’s report published about subscriber base also reported that by June-end Reliance Jio’s subscriber base boasted of 215 million subscribers.

WhatsApp Support Will Increase JioPhone Demand

BNP Paribas remarked that Reliance Jio is doing exceptionally well in rural markets of India citing the success of JioPhone which has managed to garner 25 million unit sales by June 2018. In a note seen by ET, CLSA said, “The Reliance-controlled Kai-OS operating system of the JioPhone can be particularly used to leverage Jio’s high customer engagement to open up advertisement revenue opportunities.”