Jio now world's largest data company, carries 8% of global traffic: Ambani

Jio Platforms (JPL), the holding company for Jio and other digital ventures of the Reliance group, has emerged as one of the top 12 companies in India. JPL reported an 11.7% YoY increase in net profit, reaching US$ 684.7 million (Rs. 5,698 crore) for the first quarter of FY25, driven by strong subscriber growth.

During the announcement, CEO of Jio Platforms Mr. Ambani stated that the telecom operator has successfully completed its nationwide 5G rollout, indicating that capital expenditure related to this initiative will begin to taper off. Currently, the telco boasts over 130 million 5G users, with more than 85% of the 5G radio cells belonging to it. Further he emphasized the company's focus on the home broadband sector, aiming to add 1 million new home broadband customers each month. Jio currently serves nearly 30 million home customers across its digital broadband and digital TV services. The JioAirFiber service, launched in October last year and based on 5G technology, gained 1 million customers in its first six months and an additional 1 million in the following 100 days. With an 8% share of global data traffic, Reliance Jio has positioned itself as the world's largest data company, making India the largest data market globally. He highlighted that in just eight years, Jio has grown to become the leading mobile data provider worldwide. The company's commitment to affordability has made its services accessible to all, with current data prices at one-fourth of the global average and only 10% of those in developed countries. Each of Jio's 490 million customers uses over 30 GB of data monthly on average, contributing to a 33% increase in the telco's data traffic over the past year. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.