Reliance Jio GigaFiber Trials Reach Final Stages, ARPU of the Telco Falls to Rs 122 During Q1 FY20

Reliance Jio Infocomm, which is now the second-largest telecom operator in India, today posted its results of Q1 FY20. During the quarter that ended on June 30, 2019, Reliance Jio has added a whopping 24.5 million subscribers during the single quarter and its overall user base now stands at 331.3 million. This is the only quarter since Jio’s inception where the company added less than 25 million new subscribers. Even though the customer acquisition was strong, the Average Revenue per User (ARPU) for Jio reduced to Rs 122 from Rs 126.6 it reported a quarter ago. The company also posted a standalone revenue of Rs 11,679 crore from operations with a growth of 5.2% compared to last quarter. During the same quarter, Jio customers consumed a whopping 1090 crore GB of data with an average user consuming 11.4GB every month. Having said that, Jio did not reveal the inactive subscriber base like Bharti Airtel and Vodafone Idea. Jio also confirmed that the trials of Jio GigaFiber are in the final stages, so we can expect the public rollout in the next few weeks.

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Reliance Jio Subscriber Base Reaches 331.3 Million

At the end of March 2019, Reliance Jio’ subscriber base was 306.8 million, and at the end of June 2019, the company’s user base stood at 331.3 million. Earlier today, Trai also released the subscription data for May 2019 which also revealed that Jio is now the second-largest telco in the country, beating Bharti Airtel. So Reliance Jio now has a considerable lead in terms of subscriber base when compared to that of Bharti Airtel. Vodafone Idea is actively losing subscribers every month, so if Jio’ strong customer addition continues, we might see it replacing Vodafone Idea in the next two or three quarters. Reliance Jio added 116 million new users over the last 12 months which is an incredible number to achieve for any telco across the globe.