HIGHLIGHTS
- Dependency Jio would continue to offer the same plans even after 5G services are launched.
- The company wants to provide its customer base with “affordable access.”
- Jio said in October that its net profit for the quarter that ended in September was Rs 5,058 crore.
In India, 5G has been accessible for some time now, however only in a few cities and towns. The leaders in the contest for the 5G deployment are Bharti Airtel and Jio, which is supported by Reliance. Both networks haven’t yet disclosed all of the specifics of their 5G plans, though. However, Jio is not said to have any plans to increase prices, not even for its 5G services. There is definitely competition in this.
Jio does not intend to raise the cost of recharges
- As per the Times of India report, Jio does not intend to expand its prepaid recharge packs in India.
- The company wants to provide its customer base with “affordable access.”
- Jio’s president, Mathew Oommen, has reaffirmed that the company’s strategy does not entail significant tariff increases.
- Rather, it appears that the emphasis is on acquiring new subscribers, particularly as consumers are gravitating toward data plans that have a higher internet usage component.
- This indicates that Jio intends to maintain its position as a market leader by maintaining reasonable costs, which would allow more people to sign up for its network.
Reliance Jio recently revealed that its standalone net profit for the quarter that ended in September was Rs 5,058 crores. This is an increase of 4% over the previous quarter and a YoY gain of 12.10 percent, mostly because of higher revenue.
At Rs 24,750 crores, the operating revenue represented a 9.89 percent YoY gain. According to the corporation, the prior quarter brought in Rs 24,042 crore, representing a 2.94 percent increase. To reach Rs 181.7, the average monthly revenue per user grew by 2.5 percent year over year. It was at Rs 177.2 in the previous quarter (Q2FY23).
