Reliance Jio net profit jumps 65 per cent to Rs 831 crore in December quarter
Business | January 17, 2019 19:40 ISTThe company had recorded a net profit of Rs 504 crore in the corresponding period a year ago.
The company had recorded a net profit of Rs 504 crore in the corresponding period a year ago.
Jio in partnership with AJIO has introduced its Jio Happy New Year Offer. The offer provides 100 per cent cashback in form of AJIO coupon.
Jio's subscriber base was 23.9 crore in August this year, the Telecom Regulatory Authority of India's (Trai) data for the month showed.
He added that India has moved from 155th rank in mobile broadband penetration to being the number one nation in mobile data consumption in the world in less than two years.
Reliance Jio, the new entrant, exceeded Vodafone and Idea Cellular's AGR, individually, in the January-March quarter.
The first priority for RCom, is to resolve its over Rs 40,000 crore debt, Anil Ambani told shareholders at the company's 14th annual general meeting.
Under the project, 45 lakh smartphones are being given to women and the remaining will be distributed to college students in the state, Micromax co-founder Vikas Jain told PTI.
Last week, Reliance Communications had completed the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, Reliance Jio Infocomm.
While BSNL is offering unlimited free calls within its network, Reliance Jio has announced free services for seven days as rains continue to batter the southern state.
Reliance Communications in a regulatory filing said that it has "agreed to pay a settlement amount of Rs 550 crore to Ericsson on or before September 30, 2018".
SBI and Jio has a joint venture for payment bank- Jio Payments Bank, wherein Jio holds 70 per cent and the balance is with SBI. But the JV is yet to operationalise despite getting the licences more than two years ago.
The plans updated by BSNL in the latest revision include BSNL FTTH plan Fibro BBG ULD 1045 CS48, BSNL Fibro BBG ULD 1395 CS49 and BSNL Fibro BBG ULD 1895 CS129, the reports said.
Reliance Industries shares hit an all-time high, breaching the 100-billion dollar mark for market capitalisation, a feat achieved by the company only once before in 2007
"We will now extend fiber connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously across 1,100 cities to offer the most advanced fiber-based broadband connectivity solutions," Ambani said.
Mukesh Ambani Launches Jio Giga Fiber at Reliance 41st AGM
The pre-engagement party of Akash, the eldest son of Reliance Industries chairman, witnessed Bollywood stars like Shah Rukh Khan, wife Gauri, Priyanka Chopra, Alia Bhatt, Ranbir Kapoor, Karan Johar and several others in attendance.
The term loan, the fourth for the Reliance Industries in the past five years and the second covered facility for Jio in the past three years, was arranged on June 22, the company said in a statement.
JioPhone has captured 36 per cent share of the feature phone market for January-March quarter of 2018 on an expanded market base, the survery conducted by Credit Suisse on the Indian telecom sector said.
Jio has made data accessible and affordable, with average prices per GB dropping to ₹10 from ₹152, bringing the internet within the reach of a larger proportion.
Here are the Reliance Jio, Airtel, BSNL offers to watch Indian Premier League (IPL) 2018 Live Streaming.
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