The journey of Reliance Jio took the journey from disrupting telecom to becoming king. Reliance Jio was launched in 2016. The company seeking a steady growth after being launched. The company started with a cheap tariff plan. About 3 years later it became the king- India’s Number one Mobile Operator.
After his merger, Vodaphone, Idea became the country’s largest telecommunications operator. This company had the most customers in India
Vodafone, Idea unveiled in a recent report that “our subscribers base declined $320 Million from $334.1 Million this quarter FY 2019”.
Another side the subscriber base of Jio is 331.3 million surpassing Vodafone,Idea which on Friday reported a decline in its user base to 320 million by June 2019. And the company Jio has already piped airtel to take the second spot earlier in this year.
It took Jio 3 years to claim the top spot in terms of subscribers.
According to Bernstein’s report, the company expects to cross the Vodafone, Idea’s service revenue in the financial year 2019-2020. Jio first reported service revenue of Rs 10,380 crores. In addition, they continue to subscribe heavily.
We hope that Jio will make an increase in both service revenues and customers in the financial year 2020.
Reliance Retail does not show up on Jio’s profit and loss account. If we go into this account, then it will show potential losses of Rs 15,000 crore.
Jio is using a non-standard approach for D & A, if we try to normalize D & A on the basis of total real estate, then the quarterly change will rise from Rs. 4700 crores and as a result, 2250 crores There will be a net loss.
Apart from this, Jio membership member continues to run in highly subsidized Jio phones. Jio Net Editions were coming from the rural areas of India.
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