iWorld

Jio reports operating profits in maiden quarterly financials

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/10/13/mukesh.jpg?itok=zrnu6kls

BENGALURU: Reliance Jio Infocomm Limited (Jio), a wholly owned subsidiary of Reliance Industries Limited (RIL), reported positive EBIT for the quarter ended 30 September 2017 (Q2-17, current quarter) of Rs 2,595.7 million. This was the company’s maiden financial quarterly result. The company’s EBIDTA for the quarter was Rs 14,434.5 million on revenue from operations of Rs 61,470.6 million. Consolidated revenue from operations including service tax/GST was Rs 71,970.8 million. Other income was Rs 16.7 million.

Jio’s subscriber in the current quarter increased to 138.6 million, up 15.3 million from the previous quarter. The company says that ARPU for Q2-17 was Rs 156.4 per month. Jio claims total wireless data traffic for the quarter at 3,780 million gigabytes and average voice traffic during the quarter was 2,670 million minutes per day.

Commenting on the results, RIL chairman and managing director Mukesh D. Ambani, “The world is transforming, turning digital and India is not going to be left behind. India is ready to go digital, move from voice to data and Jio is creating the foundation of data for the next generation business. The rapid uptake of Jio services reflects the latent need of the society. We are confident that Jio will bring significant benefits to the Indian economy and the Indian customers and will take India to a much higher pedestal. We are focussed on providing multi-layered digital services on top of the basic connectivity service to optimally utilise our world class infrastructure. The strong financial results of Jio demonstrates the robust business model of Jio and the significant efficiencies that the company has built through its investment in the latest 4G technology and right business strategy. As always, the group has demonstrated excellence in execution, vision and commercial acumen.”

Let us look at the other numbers shared by the company

Total Expenditure for the current quarter was Rs 65,625.4 million. Networking operating expenses for the quarter were Rs 13,718.9 million. Net access charges expenses was Rs 21,398.8 million. The company paid Rs 3,990 million towards license fees/spectrum charges. Employee benefits expense was Rs 3,031 million. Finance costs were Rs 6,733.8 million. Selling and distribution expenses were Rs 2,608.4 million. Other expenses were Rs 2,305.7 million.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/17/aplaya_1.jpg?itok=O6aPtF-i
Apalya appoints Deepa Kulshrestha & Bharat Prem as VPs

Apalya Technologies, a video delivery company, has announced the appointment of Deepa Gupta Kulshrestha as vice president and head of sales and Bharat Prem as vice president of global sales.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/17/rishika1.jpg?itok=FAbE_14I
Eros Now's OTT content hops on Roku TV & LG Smart TVs

MUMBAI: Eros International has collaborated with TV Roku and webOS-enabled LG Smart TVs to make its OTT content from Eros Now available globally. Eros’ vast library of Bollywood and regional language films, TV shows, and originals will be shown.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/17/telecel_0.jpg?itok=X9SkP0kT
Eros Now enters South Africa with Telecel Global

Eros Now has become the first Indian OTT player to enter the South African market through a strategic partnership with telecommunications provider Telecel Global.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/16/whtsapp.jpg?itok=Wlj1_i0k
Bloomberg Quint launches WhatsApp business news service

Bloomberg Quint has launched a WhatsApp service for decision makers and executives on the go. The service will connect subscribers to Bloomberg Quint’s comprehensive daily coverage of global and domestic business news, market movements and views from the country’s most influential corporate...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/16/Sandip_Sarda-Gert_Rieder.jpg?itok=KYuvO6hg
Falcon Media to help MSOs gain ground against OTTs

MUMBAI: The dynamics of the over-the-top (OTT) segment in India are about to change. Even as OTT content is replacing people’s desire for TV, Falcon Media House (Falcon) and Media Nucleus are working towards ensuring that cable channels effectively compete with OTT players.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/16/Chris_Kuist.jpg?itok=Ly4KmrYO
OTT leads over TV on brand discussions among viewers: Study

MUMBAI: A study by the Interactive Advertising Bureau (IAB), a US-based not-for-profit research company, has found that 56 per cent of people who co-view OTT talk about the brands they see while viewing content on TV screens. Co-viewing is the act of watching with others. On TV it is 50 per cent....

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/16/Marzdi_Kalianiwala-Deepak_Sharma.jpg?itok=YC-v-LnN
BMS & PVR empower you to pick movies that play in theatres

MUMBAI: BookMyShow (BMS) has joined hands with PVR Pictures for Vkaao, a web-platform that enables individuals to choose the films that play in their local cinemas.

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/15/SportsFix.jpg?itok=MJtSXlzD
SportsFix & Accedo tie up for live OTT sports feeds

MUMBAI: Accedo has tied up with SportsFix to deliver dedicated OTT sports live streaming service in the ASEAN region. SportsFix has also selected the Brightcove Live platform to deliver premier live and VOD local sports content across the region.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/14/ho.jpg?itok=Yis8ywL-
Punitha Arumugam joins Hotstar as platform evangelist

Hotstar has appointed Punitha Arumugam as platform evangelist, with the mandate to showcase the power of the platform to India’s leading brands.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories