Key Points
- Jio lost 10.9 million users in the second quarter.
- 5G subscribers went up by 17 million, hitting 147 million.
- Average Revenue Per User (ARPU) increased from 181.7 to 195.1.
- The user drop came after a recent hike in tariffs.
- Jio believes the loss won’t significantly affect profits.
Looma News
Mukesh Ambani’s Jio has seen a major dip of about 10.9 million users this quarter, right after hiking its recharge tariffs. It turns out, when prices go up, some folks tend to bail, which is pretty common in the telecom game.
But hold up, it’s not all doom and gloom for Jio. While they lost a chunk of users, their 5G subscriber count skyrocketed by 17 million, bringing the total to 147 million. Plus, their Average Revenue Per User (ARPU) jumped from 181.7 to 195.1, showing they’re still pulling in customers willing to shell out more for better service.
Jio is pretty confident that this user drop won’t hit their profits hard. They’re more focused on rolling out top-tier 5G services and enhancing customer experience, especially with their Fixed Wireless Access (FWA) for efficient home connectivity. While the user drop might give other telecom players a chance to swoop in, Jio seems set to keep its grip on the market.
In the fast-moving telecom world, adapting is key. For Jio, this could just be a minor blip as they keep innovating and pushing ahead.
