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Record breaking: Jio makes $10 billion annualized revenue run-rate in Q3 results

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Founder and Chairperson of Reliance Foundation, Nita Ambani and CMD of Reliance Industries Ltd., Mukesh Ambani at the special Musical Fountain show for members of India's armed forces, police and their families at Dhirubhai Ambani Square in Jio World Centre, Bandra Kurla Complex in Mumbai on Tuesday. (ANI Photo)

Indigenously developed 5G Radio integrated with Jio’s 5G Core Network and 5G Smartphones achieve over the air throughputs in excess of 1 Gbps

Our Bureau
New Delhi 

Jio Platforms Ltd has achieved USD 10 billion annualized operating revenue run-rate during the third quarter of 2020-21. “JPL has achieved a milestone this quarter with annualized operating revenue run-rate of USD 10 billion with strong Revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization) growth,” a JPL release said. 

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said that India is today among the leaders driving the digital revolution in the world.

“In order to maintain this lead, Jio will continue to accelerate the rollout of its digital platforms and indigenously developed next-generation 5G stack and make it affordable and available everywhere. Jio’s 5G service will be a testimony to the vision of AtmaNirbhar Bharat.

“Jio is determined to make India 2G-mukt, thereby empowering every Indian to have an affordable smartphone and be a part of digital and data revolution. We invite and encourage all stakeholders to work together to make world-class digital services available to every Indian consumer at the most affordable prices,” he said.

The release said the total customer base as on December 31 was 410.8 million, ARPU during the quarter of Rs 151.0 per subscriber per month, total data traffic during the quarter of 1,586 crore GB (28.4 per cent YoY growth) and total voice traffic during the quarter of 97,496 crore minutes (18 per cent YoY growth)

Referring to digital platforms, the release said that indigenously developed 5G Radio integrated with Jio’s 5G Core Network and 5G Smartphones have achieved over the air throughputs in excess of 1 Gbps.

“In-house Massive MIMO and indoor 5G small cell are under advanced stages of development.”

“JioMeet crossed 15 million users during the quarter. JioMeet is now evolving as a complete platform with solutions for different segments like large enterprises, healthcare industry, educational and government institutions,” the release said.

Referring to connectivity, it said that the total customer gross addition was robust at 25.1 million despite COVID-related constraints and local issues. “Net subscriber addition of 40 million during CY20 is highest in the industry,” it said.

A few weeks ago, in a major development, Reliance Jio said it will once again make all off-net domestic voice calls free. On-net domestic voice calls have always been free on the Jio network. In September 2019, when the Telecom Regulatory Authority of India (TRAI) extended the timeline for implementation of the Bill and Keep regime beyond January 1, Jio said it was left with no option but to start charging its customers for off-net voice calls at a rate exactly equivalent to the applicable IUC charge.

While doing so, Jio had assured its users that this charge will continue only till the time TRAI abolished IUC charges. “Today, Jio has delivered on that promise and made off-net voice calls free again,” it said in a statement.

“Jio stands firm on its commitment to make the common Indian the beneficiary of advanced technologies like VoLTE. Jio is a customer-obsessed organization and cares for every single user. All our users enjoy free voice calls with Jio,” it said.

Jio said it is committed to lay the foundation of a digital society — a society where everything, everyone, everywhere is connected with the best quality service at the lowest price globally and has access to the most advanced digital platforms.

“Through technological innovation, Jio will continue to deliver revolutionary products and services to its users, with a customer-first approach.”

Earlier, Reliance Jio had written to the Telecom Regulator Authority of India (TRAI) seeking strict action against Bharti Airtel and Vodafone Idea for “unethical practices” and “unscrupulous violations” and to stop campaigns under which “false propaganda is being spread across the country to get some additional MNP port-ins” by “capitalizing on the ongoing farmer protest in the northern parts of the country”.

It said that Airtel and VIL “remain unabated in pursuing this vicious and divisive campaign through its employees, agents and retailers”.

“They are inciting the public by making preposterous claims that migrating Jio mobile numbers to their networks would be an act of support to farmers’ protests,” said the letter written on December 10. The letter was accompanied by pictures of “misleading and inciteful campaign” across Punjab and other northern states. 

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