Monday, May 23, 2022
HomeHOMEJio Completes 5G Coverage Plans For Top 1,000 Cities

Jio Completes 5G Coverage Plans For Top 1,000 Cities

A senior business official stated during a presentation that Jio has completed 5G network coverage planning for the top 1,000 cities in the country and is expanding its fiber capacity as well as running pilots across sites.

Reliance Jio Infocomm President Kiran Thomas announced on Friday evening that the company has formed teams to focus on dedicated solutions for 5G deployment in India.

“5G coverage planning has been completed for 1,000 top cities across the country. Jio has been doing trials on advanced use cases across healthcare and industrial automation on its 5G network,” Jio said in a statement.

During the presentation, Thomas stated that the company is running a 5G pilot in multiple cities and that network design for the 5G rollout is underway using 3D maps and ray tracing technology.

Reliance Jio 5G Coverage

The auction for the 5G spectrum is planned to take place in the first quarter of the next fiscal year. Reliance Jio reported a net addition of Rs 1.02 crore consumers year on year (YoY) to Rs 42.1 crores in the third quarter that ended December 31.

On a quarterly basis, however, the subscriber base dropped.

“We closed the quarter at 421 million subscribers. That was a reduction of 8.4 million, but the gross addition continued to be very strong 34.6 million. And the reduction was really on account of SIM consolidation and some of the less active customers, now with tariff increases, etc, looking at consolidating uses in a single SIM,” Reliance Jio head of strategy Anshuman Thakur said.

Jio’s ARPU remained nearly flat in reported numbers, but the company’s average revenue per user (ARPU) climbed by 8.4% year on year to 151.6 after adjusting for interconnection usage charges (IUC) which it had to pay to other operators.

The IUC charges were eliminated as of January 1, 2021.

Jio Platforms increased its net profit by 8.8% to Rs 3,795 crore in the third quarter ended December 2021.

In the same period last year, it had a net profit of Rs 3,486 crore.

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments