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For First Time, Mukesh Ambani Discloses Earnings For Jio

Despite being the newest entrant in what was already one of the world's most crowded mobile-phone markets, Jio has accumulated more than 138.6 million subscribers. Mukesh Ambani-led Reliance Jio has reported a net loss of Rs 271 crore in September quarter. Reliance Jio Infocomm reported Rs 260 crore profit before interest, taxes Company posted net loss of Rs 271 crore on revenue of Rs 6,150 crore Billionaire Mukesh Ambani disclosed Jio earnings for the first time Billionaire Mukesh Ambani, who upended India's mobile-phone market with free data and voice services a year ago, said the business made profit before interest and taxes as the unit began charging for data even as it reported a net loss. Reliance Jio Infocomm Ltd. had a Rs 260 crore ($40 million) profit before interest and taxes, the company said in a statement on Friday. It's the first time Mr Ambani, India's richest man, has disclosed earnings for the business. The company reported a net loss of Rs 271 crore...