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Wednesday, February 22, 2017

Reliance Jio crosses 100 million users mark in 6 months

Mukesh Ambani's telecom venture Reliance Jio has crossed 100-million in subscribers in just less than 6 months. Reliance Jio now offered free voice call and data services in India.

Mukesh Ambani said, Jio users consumed more than 100cr GB of data per month on the Jio network. That's more than 3.3Cr GB a day. He also said, When we started Jio and we set a target for ourselves in terms of saying that we will acquire a 100 million customers in the shortest time, even we didn't imagine that we will do it in months in terms of that.

Also see: Reliance Jio unlimited benefits extended for 12 more months

Jio users consumed more than 100Cr GB of data per month on the Jio network! That's more than 3.3Cr GB a day.

Ambani has thrown clear hints that the aggressive posturing will continue further as he promised to pump even more investments into the business in the coming time over the Rs 1.7 lakh crore that have already been invested. In the second week of January, the company's board had approved a Rs 30,000 crore rights issue and said that these funds will be used to expand network and enhance coverage and capacity.

Bharti Enterprises chief Sunil Mittal has said that Jio's free pricing is predatory and has hurt the business of telecom companies, the aggressive entry of Jio has also hastened consolidation efforts between the nervous telecom companies, the most notable being the merger talks between Vodafone and Idea Cellular.

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