Reliance Jio Infocomm Limited (RJIL) has published its quarterly earnings report for its fiscal fourth quarter, ending March 31, alongside parent company Reliance Industries Limited (RIL). Jio detailed financial and operational performance figures for the quarter, and in terms of the latter, the biggest highlight is that Jio reported a subscriber base of 306.7 million, a net addition of 26.6 million subscribers in the quarter. Other metrics revealed by the company include average revenue per user (ARPU), total wireless data traffic and voice traffic in the period, as well as churn rate.
As we mentioned, with a subscriber base of 306.7 million as at the end of the January-March quarter, Jio reported net additions of 26.6 million subscribers, and also provided a gross addition figure of 33.2 million. It said the gross additions figures were affected by a “modest disruption in previous quarter due to transition to the new KYC process.” As for subscriber churn rate, the company claims it has the lowest churn in the industry at 0.75 percent per month. To recall, at the end of the October-December quarter, Jio had reported a subscriber base of 280.01 million, with a net addition of 27.9 million in the period.
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