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Reliance Jio net profit rises 15.5% to Rs 3,489 crore in December quarter

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NEW DELHI: Reliance Jio posted 15.5 per cent growth in net profit to Rs 3,489 crore in December-end quarter on a sequential basis.

While the company saw 5.3 per cent quarter-on-quarter growth in revenue, net customer additions remained subdued for second consecutive quarter partly impacted by farmer agitations in Punjab.

In the third quarter, Jio Platforms reported operating revenue of Rs 19,475 crore, compared to Rs 18,496 crore in the September quarter. Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 6.4 per cent to Rs 8,483 crore. Margins grew by 46 basis points to 43.6 per cent.

Jio Plaforms said it achieved a milestone this quarter with annualised operating revenue run-rate of $10 billion.

The average revenue per user rose 4 per cent to Rs 151 led by increase in data consumption and better customer engagement.

Customer additions, however, remained slow. Jio’s total customer count increased to 410.8 million, an increase of 5.2 million customers. Customer additions came lower than analyst estimates and the company blamed 1.63 per cent churn in customers to Covid-19 impact and “recent malicious motivated campaigns against the group in select geographies”.

“Net additions (of subscribers) were 5.2 million. It was on account of Covid and local issues that we faced, but those are now getting better,” Reliance Jio head of strategy Anshuman Thakur said, adding the upcoming spectrum auction will help the firm in building up capacity and maintaining the networks.

During the quarter, average data consumption per user was 12.9 GB and average voice consumption was 796 minutes per user per month. “India is today among the leaders driving the Digital Revolution in the world. In order to maintain this lead, Jio will continue to accelerate the rollout of its digital platforms and indigenously developed next generation 5G stack and make it affordable and available everywhere. Jio’s 5G service will be a testimony to the vision of Atmanirbhar Bharat. Jio is determined to make India 2G-mukt, thereby empowering every Indian to have an affordable.smartphone and be a part of digital and data revolution,” Reliance Industries chairman Mukesh Ambani said.

Ambani had earlier indicated at rolling out 5G services in second half of 2021 and said policy steps were necessary for the early rollout of the services. “Indigenously developed 5G Radio integrated with Jio’s 5G Core Network and 5G Smartphones have achieved over the air throughputs in excess of 1 Gbps. In-house Massive MIMO and indoor 5G small cell are under advanced stages of development,” the company said.

It also announced the completion of all the private equity and strategic investments. “During the quarter Jio completed the Google transaction post requisite regulatory approvals for an investment of Rs 33,737 crore into JPL for 7.73 per cent stake. With this the entire amount of Rs 152,056 crore has been received by the company,” it said.

Source: Press Trust of India

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Apple rolls out beta programme for iPhones to enable 5G services

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NEW DELHI: Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software.

This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said.

Apple Users have to enrol for the Beta Programme on the website, install a profile and download the software.

Jio users using iPhone 12 and above, in cities where JioTrue5G has been rolled out, will be invited to the Jio Welcome Offer. Jio Welcome Offer provides unlimited 5G data at up to 1 Gbps speed to users at no additional cost. However, there is a condition that prepaid users must be on active Rs 239 and above plan. All Postpaid users are eligible for this trial.

Airtel is not providing any special 5G offer like Jio to their users. In the cities/areas in which the Airtel 5G network has been launched, users can trial 5G services as a part of their existing plan, once they have updated the latest Apple Beta software.

While an email sent to Apple did not solicit an immediate response, the firm had last month stated: “We are working with our carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed. 5G will be enabled via a software update and will start rolling out to iPhone users in December”.

Airtel and Jio customers on iPhone 14, iPhone 13, iPhone 12 and iPhone SE (3rd generation) models can experience 5G as part of Apple’s iOS 16 Beta Software Program. The Apple Beta Software Program is open to anyone with a valid Apple ID who accepts the Apple Beta Software Program Agreement during the sign-up process.

If a user has an iCloud account, that is an Apple ID, it is recommended they use that. If they do not have an iCloud account or any other Apple ID, they can create one.

Customers who want to try the beta software should back up their iPhones before installing the beta software. It is recommended to install the beta software only on non-production devices that are not business-critical. Users can also provide feedback to Apple on quality and usability, which helps Apple identify issues, fix them, and make Apple software even better.

The iOS beta comes with the built-in Feedback Assistant app, which can be opened from the Home screen on the iPhone or iPad or from the Dock on the Mac.

Source: Press Trust of India

 

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Nokia wins multi-year deal with Reliance Jio India to build one of the largest 5G networks in the world

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NEW DELHI: Nokia has announced that it has been selected as a major supplier by Reliance Jio to supply 5G Radio Access Network (RAN) equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal. Reliance Jio is India’s number one mobile operator and has one of the largest RAN footprints in the world.

Under the contract, Nokia will supply equipment from its AirScale portfolio, including base stations, high-capacity 5G Massive MIMO antennas, and Remote Radio Heads (RRH) to support different spectrum bands, and self-organizing network software. Reliance Jio plans to deploy a 5G standalone network which will interwork with its 4G network. The network will enable Reliance Jio to deliver advanced 5G services such as massive machine-to-machine communications, network slicing, and ultra-low-latency.

Akash Ambani, Chairman Reliance Jio, commented: “We are pleased to be working with Nokia for our 5G SA deployment in India. Jio is committed to continuously investing in the latest network technologies to enhance the experience of all of its customers. We are confident that our partnership with Nokia will deliver one of the most advanced 5G networks globally.”

Pekka Lundmark, President and CEO at Nokia stated: “This is a significant win for Nokia in an important market and a new customer with one of the largest RAN footprints in the world. This ambitious project will introduce millions of people across India to premium 5G services, enabled by our industry-leading AirScale portfolio. We are proud that Reliance Jio has placed its trust in our technology and we look forward to a long and productive partnership with them.”

Nokia has a long-standing presence in India. This new deal will mean that Nokia is now supplying India’s three largest mobile operators.

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Ericsson partners with Jio to build industry’s first 5G Standalone network

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NEW DELHI: Ericsson has announced that it has entered into a long-term strategic 5G contract with Indian communications service provider (CSP) Reliance Jio Infocomm Ltd. (Jio) to roll out 5G Standalone (SA) in the country.

The announcement follows the allocation of 5G spectrum in the recently concluded auctions in India. This is the first partnership between Jio and Ericsson for radio access network deployment in the country.

Announcing the partnership, Akash Ambani, Chairman, Reliance Jio, says: “We are delighted to partner with Ericsson for Jio’s 5G SA rollout. Jio transformed the digital landscape in India with the launch of LTE services in 2016. We are confident that Jio’s 5G network will accelerate India’s digitalization and will serve as the foundation for achieving our nation’s ‘Digital India’ vision.”

Jio’s Standalone 5G network deployment represents a major technology leap since it modernizes the network infrastructure to deliver a truly transformative 5G experience to consumers and enterprises. The capabilities of 5G SA are expected to drive innovation and build a robust 5G ecosystem and deliver advanced services.

Ericsson’s energy-efficient 5G Radio Access Network (RAN) products and solutions from Ericsson Radio System and E-band microwave mobile transport solution will be deployed in the 5G network for Jio. All products and solutions are deployed on new-build 5G SA networks, designed to maximize the benefits of 5G to CSPs and their customers – whether individual subscribers or enterprise and industry customers.

Börje Ekholm, President and CEO, Ericsson, says: “India is building world-class digital infrastructure that will drive innovation, job creation and entrepreneurship across the country. We are happy to partner with Jio in those ambitions, through Ericsson 5G Standalone connectivity, which will be a major catalyst in meeting those digital transformation goals across society, enterprise and industry.”

 

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