Jio Platforms Added 99 Lakh New Users in First Quarter of FY21

Reliance’s Jio Platforms has added99 lakh (9.9 million) new customers in the first financial quarter of 2020-2021that ended on the 30th of June despite the coronavirus pandemic. The net customer addition in the same quarter last year was almost thrice at 2.45 crores (24.5 million). With this addition, Jio Platforms’ overall user base has touched 39.83 crores (398.3 million).

The company noticed a30.2% year-over-year increase in wireless data trafficas people have started relying on technology more due to lockdowns. Jio reported 1420 crore GB of wireless data consumption. In fact, Jio has addeddedicated work from home plansas well to facilitate remote work.

As far as the voice calls are concerned, the company says it witnessed awhopping 977 crore minutes of voice calls per day. In the same quarter last year, the numbers were at 864 crore minutes per day. Moreover, at its 43rd annual general meeting (AGM), the company announced it isready to roll out Jio 5Gas soon as the government allocates spectrum to carriers.

According to the company’s financial presentation,the average revenue per user (ARPU) is now at Rs.140.3 per month. This is an 8.4 percent increase with respect to the Rs.129.4 percent ARPU in the first quarter of the financial year 2019-2020.

Jio Platforms Limited managed to raise ₹152,056 crores from leading global investors includingFacebook,Google,Silver Lake,Vista Equity Partners,General Atlantic,KKR,Mubadala,ADIA,TPG, L Catterton, PIF,Intel CapitalandQualcomm Venturesin just three months. Reliance Industries says it would hold a 66.48% equity stake in Jio Platforms on a fully diluted basis after the completion of these investments.

Subin B

Subin writes about consumer tech, software, and security. He secretly misses the headphone jack while pretending he’s better off with the wireless freedom.

Add new comment

Name

Email ID

Δ

01

02

03

04

05