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Jio Platforms fourth quarter net profit zooms 47.5% to Rs 3,508 crore

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NEW DELHI: Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement.

Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the corresponding period of the previous year.

The company said its total customer base as on March 31, 2021 stood at 42.62 crore.

During the quarter, Jio’s Average Revenue Per User (ARPU) — a key metrics for telcos — was at Rs 138.2 per, lower than Rs 151 clocked in December quarter.

“ARPU for Q4FY21 was Rs 138.2, with sequential decline driven by transition from Interconnect Usage Charges (IUC) to Bill and Keep regime effective 1st January 2021, and lower number of days during the quarter,” the company said in a statement.

Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, said: “Jio has a highly engaged 426 million customer base and remains committed to enhancing digital experiences not only for our existing customers but, for all individuals, households, and enterprises across the country. With its path defining partnerships over the last couple of years, Jio will continue to strive towards making India a premier digital society.”

Ambani noted that Covid has brought forth new challenges for the country, and added that Jio’s on-the-ground teams are working tirelessly to address all issues for ensuring seamless customer service.

JPL (Jio Platforms) closed its first full year of operations with revenue and EBITDA of Rs 73,503 crore and Rs 32,359 crore, respectively, despite Covid-related challenges, the statement added. For the full year FY21, the net profit was at Rs 12,537 crore.

Source: Press Trust of India

5g

Telecom Service Providers to start 5G trials in different locations across India

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NEW DELHI: The Department of Telecommunications (DoT), Government of India, approved today, permissions to Telecom Service Providers (TSPs) for conducting trials for use and applications of 5G technology. The applicant TSPs include Bharti Airtel Ltd., Reliance JioInfocomm Ltd., Vodafone Idea Ltd. and MTNL.

These TSPs have tied up with original equipment manufacturers and technology providers which are Ericsson, Nokia, Samsung and C-DOT. In addition, Reliance JioInfocomm Ltd. will also be conducting trials using its own indigenous technology.

The permissions have been given by DoT as per the priorities and technology partners identified by TSPs themselves. The experimental spectrum is being given in various bands which include the mid-band (3.2 GHz to 3.67 GHz), millimeter wave band (24.25 GHz to 28.5 GHz) and in Sub-Gigahertz band (700 GHz). TSPs will also be permitted to use their existing spectrum owned by them (800 MHz, 900 MHz, 1800 MHz and 2500 MHz) for conduct of 5G trials.

The duration of the trials, at present, is for a period of 6 months. This includes a time period of 2 months for procurement and setting up of the equipment.

The permission letters specify that each TSP will have to conduct trials in rural and semi-urban settings also in addition to urban settings so that the benefit of 5G Technology proliferates across the country and is not confined only tourban areas.

The TSPs are encouraged to conduct trials using 5Gi technology in addition to the already known 5G Technology. It will be recalled that International Telecommunications Union (ITU) has also approved the 5Gi technology, which was advocated by India, as it facilitates much larger reach of the 5G towers and Radio networks.The 5Gi technology has been developed by IIT Madras, Centre of Excellence in Wireless Technology (CEWiT) and IIT Hyderabad.

The objectives of conducting 5G trials include testing 5G spectrum propagation characteristics especially in the Indian context; model tuning and evaluation of chosen equipment andvendors; testing of indigenous technology; testing of applications (such as tele-medicine, tele-education, augmented/ virtual reality, drone-based agricultural monitoring, etc.);and to test 5G phones and devices.

5G technology is expected to deliver improved user experience in terms of data download rates (expected to be 10 times that of 4G), up to three times greater spectrum efficiency, and ultra low latency to enable Industry 4.0. Applications are across a wide range of sectors such as agriculture, education, health, transport, traffic management, smart cities, smart homes, and multiple applications of IOT (Internet of Things).

DoT has specified that the trials will be isolated and not connected with the existing networks of TSPs. Trials will be on non-commercial basis.

The data generated during the trials shall be stored in India. TSPs are also expected to facilitate the testing of the indigenously developed use cases and equipment as part of the trials. One hundred applications/ use cases selected by DoT after conducting the recent Hackathon on 5G applications can also be facilitated in these trials.

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Appointments

HCL Infosystems names Alok Sahu as CFO; to succeed Kapil Kapur

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NEW DELHI: HCL Infosystems on Wednesday said its Chief Financial Officer Kapil Kapur has resigned from the company.

The company’s Board of Directors has named Alok Sahu to succeed Kapur for the position of CFO with effect from June 1, 2021, a regulatory filing said.

“… we submit that Mr KapilKapur, CFO of the company has informed the company about his resignation from the said position with the company with effect from the closing hours of May 31, 2021 to pursue other opportunities & interests,” it said.

Alok Sahu, a chartered accountant by profession, is a finance professional who has over 25years of experience in spearheading financial and accounting functions, the filing said.

He has been associated withHCL Infosystems since 1995.

Source: Press Trust of India

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Mobile Services

OPPO India launches its e-store in India

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NEW DELHI: OPPO, a leading global smart device brand, is all set to offer a premium shopping experience to its users through the launch of its e-store in India on 7th May.

With COVID-19 fast-forwarding consumers’ retail experience today, the OPPO-owned online store will allow customers and tech enthusiasts to shop for any of their favorite products just with a click of a button! sitting right from the comfort of their homes.

This step will ensure more convenience while allowing users to have access to the latest brand offerings. A one-stop shop for all innovative and latest OPPO offerings, customers will be able to avail all exciting offers accessible on the e-store.

The OPPO e-store will be shipping OPPO products to technology enthusiasts across all parts of the country while offering a seamless buying experience to customers.

Commenting on the announcement, OPPO India CMO, Damyant Singh Khanoria said, “The launch of the OPPO e-store is a big leap in increasing our omni chanel retail presence. We’re focusing on further strengthening our online and offline presence equally. This platform will empower users to stay connected in these difficult times by enabling access to innovative technology from the comfort of their homes”

OPPO has already built a robust network of retailers and distributors in the country. With 60,000 sales points and 180 retail outlets, the brand only aims to strengthen customer experience & showcase the unmatched power of its innovative products which meet and exceed customer expectations today.

With the brand’s philosophy of ‘Technology for Mankind. Kindness for the world’, making consumer’s life better through innovations and industry-first technology is of paramount importance for OPPO. This has led to the continued success of the brand. According to latest research report of Counterpoint, in January 2021 OPPO has risen through the ranks to become the number one smartphone brand in China.

 

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