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Showing posts with the label Reliance Jio July-Sept net loss at Rs 270.59 crore

Reliance Jio July-Sept net loss at Rs 270.59 crore

Jio said in a statement on Friday that it had a base of 138.6 million users of which 15.3 million were added on net level in the just ended quarter. NEW DELHI:  Reliance Jio Infocomm , the telecom unit of Reliance Industries, posted a net loss of Rs 270.59 crore for the quarter ended September, on revenue of Rs 6,147 crore. The new telecom entrant Friday said it had recorded a positive earnings before interest and tax, helped by strong user additions and cost efficiencies. This is the first time that the Mukesh Ambani-owned company declared earnings since starting operations in September last year. Jio said in a statement on Friday that it had a base of 138.6 million users of which 15.3 million were added on net level in the just ended quarter. It also added that total wireless data traffic during the quarter was 378 crore GB, while the average voice traffic during the quarter was 267 crore minutes per day. “India is ready to go digital, move from voice to data and Jio is...