Reliance Jio now plans market dominance with over 50% revenue market share

Mukesh Ambani-owned Reliance Jio, in an analyst presentation on March 2, said that it is well positioned to achieve more than 50% market share with operating margins of over 50%. Jio told analysts that overall data revenue market in India will touch Rs 3 lakh crore by 2020-2021, due to shifting from voice to data for subscribers.

jio-india-tower

The telco also said that there is going to be a drop of Rs one lakh crore from voice revenue which will shift to data, pushing the latter’s growth to Rs 1.3 lakh crore in one-two years.

Reliance Jio also said that the overall industry revenue growth is likely to drive government revenues by 50%. The telco said that the industry growth was low in last five years, but next five years will see rapid growth with data explosion. In its presentation, the telco said that leading global consultants had forecasted demand for data at 500-600 crore GB per month. At a yield of Rs 50 per GB, it translates to Rs 3.0 – 3.6 lakh crore per year, which is equivalent to 1.35 -1.6 % of projected GDP, but still lesser than 2.5% in developed economies, stated the presentation.

400 million subscribers in India can now afford to spend Rs 500, and above on digital services, Jio said, claiming that the Indian data market expanded by six times with the introduction of Jio in less than six months from 20 crore GBs a month to 100 crore GBs a month. The telco also claimed that its voice over LTE or VoLTE traffic had reached 200 crore minutes a day, which is equal to Vodafone’s circuit switch voice service.

READ:  Reliance Jio Announces Rs 500 International Landline Roaming Pack to JioFiber Users

Reliance Jio also claimed that a bulk of its network is already built, which can support more than 60% of data demand 2020-2021 in India. It currently caters to 85% of mobile data traffic in India today. Jio, which is offering 4G services in India, said that its network has capabilities to launch 5G services.

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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NikhilKaushikAslam (Rajasthan)Rohit | ChennaiRahul Recent comment authors
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Nikhil
Nikhil

Jio will be soon adding more and more customers

Aslam (Rajasthan)
Aslam (Rajasthan)

In my city jio just have only 1 Tower whose combine Rcom and jio
Speed very worst here
Many complaints but no improvement till

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