Reliance Jio 5G prices won’t be increased: report

Highlights
  • Reliance Jio to retain the same tariffs, despite the introduction of 5G services.
  • The company’s objective is to offer “affordable access” to its user base.
  • In October, Jio announced a standalone net profit of Rs 5,058 crore for the quarter ending in September.

5G in India has been available for a while now, albeit in select cities and towns. Bharti Airtel and Reliance-backed Jio are leading the race when it comes to the 5G rollout.  However, both networks are yet to reveal their complete 5G plan details. But Jio is reportedly not planning to raise tariffs even for its 5G services. This is something that is certainly competitive. 

Show Full Article

Jio has no plans to increase recharge tariffs

  • According to the report from the Times of India, Jio has no plans to increase prepaid recharge packs in India.
  • The company’s objective is to offer “affordable access” to its user base.
  • Mathew Oommen, the President of Jio, has reiterated that the brand’s strategy does not involve substantial tariff increases.
  • Instead, the focus is apparently on customer acquisition, especially as customers lean towards data plans with a heavier internet usage component. 
  • What this means is that Jio wants to stay competitive in the market by keeping prices affordable so more users can join their network.

Recently, Reliance Jio announced a standalone net profit of Rs 5,058 crores for the quarter ending in September. This is a 12.10 percent YoY growth and an increase of 4 percent compared to the previous quarter, majorly due to higher revenue.

The revenue from operations reached Rs 24,750 crores, showing a 9.89 percent YoY growth. In comparison, the previous quarter accounted for Rs 24,042 crore, a growth of 2.94 percent, as per the company. The average revenue per user per month increased by 2.5 percent YoY to reach Rs 181.7. In the previous quarter (Q2FY23), it was at Rs 177.2.

No posts to display