Business
Reliance Jio battles falling share of active users on network
Reliance Jio, Mukesh Ambani’s Indian mobile operator, is battling a falling share of active customers even as the company touts its breakneck growth to attract billions of dollars from top foreign investors. Four-year-old Jio has used rock-bottom prices to become India’s largest operator with its customer base soaring to 397m in June, the most recent month for which data is available.
This enormous footprint helped Mr Ambani, Asia’s richest man, this year sell stakes in Jio worth $20bn to 13 global investors, including Facebook and Google.
Yet Jio has faced a slide in the portion of active users in its subscriber base even as its total subscriber numbers have continued to grow. Jio’s share of active users fell in June to close to a three-year low of 78 per cent from 84 per cent a year earlier, according to data from the Telecom Regulatory Authority of India. TRAI defines active users as the peak number of subscribers connected to the network at a given time during that month. That meant 87m of Jio’s users were inactive at the time of TRAI’s measurements.
Airtel and Vodafone Idea use narrower definitions of revenue-generating, active customers, which helps to boost their revenues per user. Jio, however, gives its investors a broader figure based on the total that it reports to TRAI.
Tap To Explore More : Pymnts
Also Read : Union Minister and LJP leader Ram Vilas Paswan passes away, tweets his son Chirag Paswan
.jpg "Amitabh Bachchan said that being at the pre-wedding party for Anant Ambani and Radhika Merchant was “a never seen before experience.”")
Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.
Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore
At seven o’clock, Raj Babbar’s daughter learnt of his liaison with Smita Patil. “I shouldn’t tell my mother about this.”
.jpg "“Fortunately, injuries didn’t affect the spine.” Saif Ali Khan receives 10 stitches for a serious stab wound sustained during the home burglary.")
“Fortunately, injuries didn’t affect the spine.” Saif Ali Khan receives 10 stitches for a serious stab wound sustained during the home burglary.
Daaku Maharaaj’s third day of box office receipts: The Nandamuri Balakrishna and Bobby Deol film breaks the ₹50 crore mark in India
Teaser for Jailer 2: Rajinikanth is back as Tiger Muthuvel Pandian in Nelson’s action-packed follow-up, and he packs a punch.
LA wildfires might cause the 2025 Oscars to be cancelled for the first time in 96 years: Report
Reddit is annoyed by Rakesh Roshan’s remark that “South cinema is successful because they’re not breaking any path”: “What nonsense.”
Will Disney release an episode of Neil Gaiman’s Simpsons? Fans ponder
Viduthalai Part 2 box office collection day 3: Vijay Sethupathi’s new film lags behind Maharaja, earns nearly ₹23 crore
Malti Marie, Nick Jonas, and Priyanka Chopra had a relaxing New Year’s getaway that included a Jacuzzi, a campfire, and a rerun of Moana.
.jpg "Virat Kohli and Anushka Sharma are twins in black as they take a midnight stroll in Sydney to start the new year. Observe")
Virat Kohli and Anushka Sharma are twins in black as they take a midnight stroll in Sydney to start the new year. Observe
After breaking the clothing rule, Carlsen leaves the World Rapid & Blitz event.
While on vacation in Cabo with Jason Bateman, 55-year-old Jennifer Aniston looks stunning in a string bikini.
According to the lawsuit, Blake Lively “ostracised” Justin Baldoni’s family and publicly “humiliated” him at the film’s premiere.
Allu Arjun was ‘unnecessarily dragged’ into the Pushpa 2 stampede scandal, according to Boney Kapoor: “The crowd was the only reason for it.”
Kareena Kapoor, Vicky Kaushal, Rajkummar Rao, Shabana Azmi reveal their favourite 2024 Indian movies
This superstar played grandfather, then lover to 16-yr-old starlet at 56: Story of Indian cinema’s most shocking age gap
The anime Tokyo Revengers is back with a sequel: view the promotional trailer
Deadpool and Wolverine might shatter box office records, which would be unprecedented for an R-rated film.
Review of Bridgerton Season 3 Part 2: Nicola Coughlan excels in the most intricate and captivating season to date
Kartik Aaryan Gives a Career-Defining Performance in Chandu Champion First Review; An Excellent Biopic
Watch the trailer for Kota Factory 3 here. Fans of Jeetu Bhaiya say they’re not ready for it to end.
Kartik Aaryan on overcoming the label of “outsider”: It will remain with me, and that is alright with me.
When Does Vishwak Sen’s Film Gangs of Godavari OTT Come Out? What Platform Does It Come Out On?
Review of Gullak 4: A lovely, sentimental, and somewhat mature reunion of the Mishra family
Heli Daruwala discussing her role as Geet in Undekhi 3.
-
Tollywood4 weeks ago
Viduthalai Part 2 box office collection day 3: Vijay Sethupathi’s new film lags behind Maharaja, earns nearly ₹23 crore
-
Bollywood3 weeks ago
Malti Marie, Nick Jonas, and Priyanka Chopra had a relaxing New Year’s getaway that included a Jacuzzi, a campfire, and a rerun of Moana.
-
Bollywood2 months agoSikandar Ka Muqaddar review: Neeraj Pandey’s Tom and Jerry-esque thriller is decent, far from perfect
-
Bollywood3 weeks ago
Virat Kohli and Anushka Sharma are twins in black as they take a midnight stroll in Sydney to start the new year. Observe
-
Bollywood2 months agoNargis Fakhri makes first post since sister’s arrest in murder case: ‘We are coming for you’
-
india2 months agoDelhi Weather and AQI Today: Warm start at 12.05 °C, check weather forecast for November 29, 2024
-
Entertainment.2 months agoReddit wonders if Aishwarya Rai has removed Bachchan from her name after viral image from Dubai event
-
Hollywood2 months agoSnow White trailer: Wonder Woman Gal Gadot turns Evil Stepmother to Rachel Zegler’s Disney princess. Watch