JioFiber Preview Offer with three months free service coming in June: Report

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NEW DELHI: Mumbai-based Reliance Jio Infocomm is planning to launch new free broadband service dubbed as ‘JioFiber’ that will offer at least 100 mbps (megabits per second) data speed, according to IndiaToday report.

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 Reliance Jio user base crosses 100 million: 9 things to know
Reliance Jio user base crosses 100 million: 9 things to know
Subscriber base crosses 100 million
Prime members touches 72 million
​Loss jumps three-fold, touches Rs 22.50
Revenue falls by 76%
Debt jumps to Rs 47,463 crore
Plans to add 100,000 towers
Begins trials of Fibre-to-the-Home business in Delhi, Mumbai
​ Sold 2.6 million LYF and JioFi routers
​ 'Jio is the largest network globally in terms of data carried and contributed to India'

Reliance Jio user base crosses 100 million: 9 things to know

Reliance Jio has announced its first set of financial numbers. On the occasion, the company’s chairman Mukesh Ambani also said that Jio is witnessing the largest migration from free to paid services in history globally. The company, which kicked off operations on September 5, 2016, also claims to have added 108.9 million subscribers on the network as of March 31, 2017. Here’s all you need to know about the company’s financial results and its plans.

Subscriber base crosses 100 million

Reliance Jio has claimed that its subscriber base touched 108.9 million subscribers as of March 31, 2017.

Prime members touches 72 million

The number of subscribers who opted for the company’s Prime membership stands at 72 million as of March 31, 2017. Reliance Jio started charging its subscribers from April 1, 2017.

​Loss jumps three-fold, touches Rs 22.50

Reliance Jio Infocomm’s net loss for the six months ended March widened to Rs 22.50 crore from Rs 7.46 crore a year earlier, according to the first set of financial numbers that the Mukesh Ambani-owned telco has reported since starting services.

Revenue falls by 76%

The company said that its revenue — comprising of other income — fell by 76% to Rs 0.54 crore in October-March from Rs 2.25 crore in the same period last year. Total expenses for the six months increased to Rs 34.88 crore from Rs 13.63 crore a year ago. Reliance Jio offered all its services free till March 31, 2017 under two successive promotional offers.

Debt jumps to Rs 47,463 crore

The company, which had a net worth of Rs 70,864 crore, had a debt—equity ratio of 0.67 in the second half of 2016—17 compared to 0.89 a year earlier. Its debt jumped to Rs 47,463 crore, from Rs 32,963 crore as on March 31, 2016.

Plans to add 100,000 towers

The company said that it plans to add another 100,000 towers to the network in the coming months. It is the only operator which has deployed pan-India LTE network across the 800MHz, 1800MHz and 2300MHz bands. Jio also claims to have the world’s largest greenfield 4G LTE wireless broadband network.

Begins trials of Fibre-to-the-Home business in Delhi, Mumbai

The company also announced that that it is making progress on the rollout of its Fibre to the Home (FTTH) business with beta trials already started at a few locations including Delhi and Mumbai. The telco said that it would expand the scope of these trials in the coming few months. The company’s FTTH service will come bundled with JioMedia share device, smart set-top box, routers and Power Line Communication (PLC) devices.

​ Sold 2.6 million LYF and JioFi routers

In its filing, Reliance Retail’s device distribution business sold 2.6 million LYF and JioFi pocket routers during the quarter and nearly 10 million units in the financial year.

​ ‘Jio is the largest network globally in terms of data carried and contributed to India’

With more than 110 crore GB of data traffic per month and 220 crore voice and video minutes a day, Jio claimed that it has become the largest network globally in terms of data carried and contributed to India becoming the leading country in the world for mobile data usage.
Reliance Jio user base crosses 100 million: 9 things to know
Subscriber base crosses 100 million
Prime members touches 72 million
​Loss jumps three-fold, touches Rs 22.50
Revenue falls by 76%
Debt jumps to Rs 47,463 crore
Plans to add 100,000 towers
Begins trials of Fibre-to-the-Home business in Delhi, Mumbai
​ Sold 2.6 million LYF and JioFi routers
​ 'Jio is the largest network globally in terms of data carried and contributed to India'

Billionaire Mukesh Ambani-owned telco is aggressively planning to offer ultra-fast Internet connection after changing the market paradigm by offering affordable tariff to acquire subscribers, after a trial free launch.

The high-speed Internet speed trails, according to report is on in at least five cities including company’s hometown Jamnagar in Gujarat, in addition to Delhi, Mumbai, Chennai and Hyderabad.

 

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