Reliance Jio has reported a net increase of 11.2 million subscribers in Q2 2023, but its mobile average revenue per user (ARPU) growth has slowed down. The company’s aggressive strategy to expand its Jio Bharat phone subscriber base is said to be hurting its ARPU. However, Jio’s ARPU has seen a growth of 2.5% on a year-on-year basis, thanks to the strong growth in its fibre-to-the-home (FTTH) subscriber base. Reliance Jio is set to complete the rollout of 5G services across India by December 2023.
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Reliance Jio gets ‘good and bad’ news in second quarter of the year
Reliance Jio has reported a net increase of 11.2 million subscribers in Q2 2023, but its mobile average revenue per user (ARPU) growth has slowed down. The company’s aggressive strategy to expand its Jio Bharat phone subscriber base is said to be hurting its ARPU. However, Jio’s ARPU has seen a growth of 2.5% on a year-on-year basis, thanks to the strong growth in its fibre-to-the-home (FTTH) subscriber base. Reliance Jio is set to complete the rollout of 5G services across India by December 2023.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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