Mukesh Ambani’s Jio has 300 million subscribers now consuming 10.9GB 4G data per month

In its quarterly earnings report, Mukesh Ambani-owned Reliance Jio announced a monumental addition to the subscriber base, which now stands at 300 million since its commercial run began. With a net addition of 26.6 million subscribers in the fourth quarter of the fiscal year, Jio claims it is now one of the largest mobile data networks in the world and is now processing a data of more than 3 exabytes per month.

Reliance Jio Infocomm Ltd reported a net profit of Rs 840 crore in the fourth quarter while its revenue from operations stood at Rs 11,106 crore in Q4 2018-19. The company said in its report that its ARPU (Average Revenue Per User) jumped to Rs 126.2 per month in the last quarter of the fiscal year, giving a push to bring about the lowest churn in the industry at 0.75 per cent per month.