Mukesh-Ambani led Reliance Jio recently announced its first set of financial numbers of the operations that kicked off back in September last year. The telecom operator claims that they have managed to add 108.9 million subscribers on the network as of March 31, 2017 — which is way past its 100-million mark.
Here are the top ten things that you need to know about the company and it’s future plans:
1. Reliance Jio has touched 108.9 subscribers as of March 31, 2017.
2. Approximately 72 million users have subscribed to Reliance Jio’s Prime membership program as of March 31, 2017.
3. The company incurred a loss of around Rs 22.50 crore as of March 31, 2017 — a stark rise from Rs 7.46 that it incurred last year.
4. The company also said that Reliance Jio’s revenue fell by 76 per cent between October, 2016 to March, 2017.
5. The total expenses Reliance Jio incurred in the span of six months, i.e. October to March, totaled up to Rs 34.88 crore.
6. Reliance Jio had a debt of Rs 31, 963 crore last year. However, as of March 31, 2017 — the company’s debt has risen to Rs 47, 463 crore.
7. The company plans to add 100,000 more towers in the coming months.
8. Reliance Jio is making progress on the roll-out of its Fibre Home (FTTH) business.
9. Beta trials of the same have already begun in Delhi and Mumbai.
10. Reliance Jio managed to sell 2.6 million LYF and JioFi pocket routers during the quarter and 10 million units in the financial year.
