Reliance Jio narrows net loss, to spend Rs 60,000 crore this fiscal

Reliance Jio, which is yet to launch commercial operations, has narrowed down its net loss to Rs 11.40 crore during six months ended March 2016, against Rs 15.44 crore net loss in the corresponding six months to March 2015. For the full year ended March 2016, Reliance Jio’s net loss remained almost flat at Rs 23.88 crore as against Rs 23.12 crore a year earlier, the company said in a regulatory filing to the BSE.

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Jio launched services for its employees late December and later extended them to their families and friends, taking the overall consumer base to over 5 lakh. Jio’s total income from operations during the period of 2015-16 stood Rs 2,00,000,which remained unchanged from the year ago period.

Jio said that it has made an advance payment of Rs 2,860 crore to RCom towards change in allotment of agreed spectrum in the 850 Mhz band in nine service areas which in included in capital advances. The telecom department Friday approved the spectrum sharing deal between both the telecom operators.

The parent RIL will be investing over Rs 60,000 crore in capital expenditure (Capex) in Jio this fiscal. The company said that apportion of Rs 60,000 crore will be spent on widening the network coverage to 90% as planned from the present 70% of the population. In addition, some amount will be paid to RCom for sharing its towers as well.

The company has pumped over Rs 1 trillion in Jio since bagging licence in 2010. It has an equity capital of Rs 45,000 crore while the debt component is around Rs 33,000 crore. The company also revealed that its network is supported by 90,000 telecom towers now, half of which are owned by the Jio, while rest is on lease.

Jio said that it will required over 1 lakh towers to cover 90% network coverage. Jio now holds 751.10 MHz of liberalised spectrum across the 800 MHz, 1800 MHz and 2300 MHz bands. In addition, it entered into agreements with RCom for change in spectrum allotment in the 800 MHz band for nine circles and sharing of spectrum in the 800MHz band across 17 circles.

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73 Comments on "Reliance Jio narrows net loss, to spend Rs 60,000 crore this fiscal"

 

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sonu
April 26, 2016 4:49 pm 4:49 PM

Jio speed 1mb cekend hai Maine Chek kiya hai

Naziya
April 24, 2016 7:27 pm 7:27 PM

Jio is will launch when they achieve 90% coverge and now coverage is 70% and in july it will be 80%

Rinu
April 24, 2016 9:40 pm 9:40 PM

But as per the information I have got, the management expects that it can be commercially launched in July. They also indicate that it can either be one month earlier or one month later.

Atheist
April 25, 2016 9:43 am 9:43 AM

It cn only be later not earlier.. Plus monsoon will again disrupt their networm so again thay will delay in the name of optimisation

Rinu
April 25, 2016 10:55 am 10:55 AM
Yes, Atheist. They will do that only. In my opinion, they should have done the commercial launch in last December itself. At that time, the competitors were almost zero. They should have the guts to launch it soon and rectify any defects later on. No matter whatever optimisation they might do, they won’t be able to get it that perfect at the time of massive launch. Then what’s the point in delaying matters and making things worse? If, after all these optimisation, their network has any problem at the time of commercial launch, will the customers bear with them? A… Read more »
Atheist
April 25, 2016 12:23 pm 12:23 PM

The way they r hyping this so called ‘optimisation’, then if after commercial launch if ppl will face problems then they will b screwed… AVOID group also will deliberatly do things that affect JIO customers… They should just launch it instead of trying to be super perfect

Jigar Patel
April 25, 2016 10:35 am 10:35 AM

Yes,Bro. You are absolutely right When reainy season start then it directly damage electronics equipment due to pole structure can’t protect from the heavy rain.And then after equipment sort circuit damaged whole network. And we know In India during monsoon technician can’t control to protect from the water damage and quickly restore due to unavailability of equipments most of the time.

raghu
April 24, 2016 7:27 pm 7:27 PM

Can anyone kindly explain in detail what is network optimization? Some Rjio management persin in news said the launch delay is because of it.

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