In the Indian telecom world, Reliance Jio has now surpassed all other telecom operators. Last month, the Telecom Regulatory Authority of India (TRAI) said Geo was the first telecom operator in India with 400 million subscribers. At the end of the second quarter of this year, Reliance’s figures for its subscribers showed that GEO was growing. Reliance Jio’s subscriber base grew by 7.3 million in the second quarter. In addition to increasing the number of subscribers, the telecom company has also been able to increase the average revenue per subscriber. They get an average revenue of RS 145 per customer per month. Which is 3.2% more than the previous report.
In September, Geo’s subscriber base reached 40.56 crore. As a result, the annual growth of GEO has increased at a rate of 15.9%. The average wireless data usage per user in this quarter was 12 GB. Again, the average number of voices calls per user was 6 minutes per month. Total wireless data traffic reached 1442 crore GB which is 20% more than last year. Needless to say, this trend of more internet use has been noticed as everyone is under house arrest due to the Corona epidemic.
With the increase in subscribers, Jio has made a total profit of Rs 3,020 crore in this quarter. Which is more than double the profit compared to the previous quarter. 990 crores during the same period last year. In addition, Geo has announced the launch of their new Jio UPI on the MyJio app across India. It was made available to some users in January. Geo also announced their postpaid plus plan last month. They are also experimenting with launching 5G technology in India in collaboration with Qualcomm.
Reliance Chairman Mukesh Ambani said, “We have welcomed a number of skilled financial investors in the last six months as the capital of Geo and retail businesses has increased. We are moving forward with the goal of expanding all our businesses and our goal is to create more opportunities in India.”