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JIO CROSSED 250 MILLION SUBSCRIBERS WITHIN 25 MONTHS Q2 FY18-19 Report

RIL

JIO CROSSED 250 MILLION SUBSCRIBERS WITHIN 25 MONTHS FROM COMMENCEMENT OF SERVICES ACCELERATED GROWTH IN SUBSCRIBER BASE TO 252.3 MILLION
DATA CONSUMPTION AT RECORD 771 CRORE GB DURING THE QUARTER; 11 GB PER USER PER MONTH, GROWING RAPIDLY
STRONG DEMAND FOR FTTH ACROSS 1,100 CITIES IN EARLY PHASE OF REGISTRATIONS
ROBUST FINANCIAL PERFORMANCE WITH EBITDA GROWTH OF 14% QOQ AND 148% YOY TO ₹3,573 CRORE IN Q2 FY 2018-19

Standalone revenue from operations of ₹9,240 crore (13.9% QoQ growth)
Standalone EBITDA of ₹3,573 crore (13.5% QoQ growth) and EBITDA margin of 38.7%
Standalone Net Profit of ₹681 crore
Subscriber base as on 30th Sep-18 of 252.3 million
Lowest churn in the industry at 0.66% per month
ARPU during the quarter of ₹131.7 per subscriber per month
Total wireless data traffic during the quarter of 771 crore GB
Total voice traffic during the quarter of 53,379 crore minutes

Commenting on the results, Shri Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Jio was conceived with a mission to connect everyone and everything, everywhere – always at the highest quality and the most affordable price. We, at Jio, are glad with our progress towards our mission with more than 250 million subscribers on our network within 25 months of commencement of services. We have enabled our customers to adopt the digital life, with record consumption of data and use of digital services. Our next generation FTTH and enterprise services are now being made available to our customers to further enhance our value proposition to our customers.
We are making rapid progress on the growth of our digital platforms, across new commerce, media and entertainment, agriculture, education, healthcare and financial services, which will further enhance the quality of life and productivity of the people of India.”

Strong Customer Engagement


 Jio has accelerated its pace of subscriber additions further with net addition during the quarter of 37.0 million (as against 28.7 million in the previous quarter), highest in any quarter since the launch of commercial services
 Gross adds at 41.7 million and churn of 4.7 million implying the lowest industry churn rate at 0.66% per month
 Customer engagement continued to grow with average data consumption per user per month of 11.0 GB and average voice consumption of 761 minutes per user per month
 Video consumption drove most of the usage, increasing to 410 crore hours per month on the network; average video consumption of 17.5 hours per subscriber per month
 Jio post-paid plan with attractive international calling tariffs and roaming plans continues to see good customer traction
 JioPhone Monsoon Hungama offer (by Reliance Retail) with exchange policy and lower upfront commitment has accelerated customer uptake

Superior and Next-Gen Network

 Further deepening of all-IP 4G LTE network in existing areas along with coverage expansion to 99% of population is on track to be completed in FY19
 Only network to deploy tri-band (800MHz/ 1800MHz/ 2300MHz) pan-India 4G
 World’s largest mobile data consumption network which is 5G ready
 World’s largest VOLTE network, with voice traffic growing consistently

 Ranked fastest network over last 20 months by TRAI’s MySpeed Analytics app (average download speed of 20.6 Mbps during September 2018, as per TRAI)
 Lowest call drop rate at 0.14%; 100% core network availability

FTTH and Enterprise Services


 JioGigaFiber services for Home broadband, Entertainment, Smart Home Solutions, Wireline and Enterprise was announced during 41st AGM (Post IPO) of RIL held on 5th July 2018
 Customers across 1,100+ cities have evinced strong interest to avail JioGigaFiber services since the start of registrations on 15th August 2018. Homes are being connected on priority based on the number of requests received in the area
 Reliance Industries Limited, parent of the Company, today announced strategic investments in and partnership with Den Networks Limited and Hathway Cable and Datacom Limited:
o Primary investment of Rs. 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs. 245 crore from the existing promoters for a 66% stake in Den Networks Limited
o Primary investment of Rs. 2,940 crore through a preferential issue under SEBI regulations for a 51.3% stake in Hathway Cable and Datacom Limited
o The transactions are subject to customary regulatory approvals
These investments and partnerships will create a win-win outcome for the Local Cable Operators (“LCOs”), Consumers, Content providers and overall eco-system.
Through these investments, Reliance and Jio will be strengthening the 27,000 LCOs that are aligned with DEN and Hathway to enable them to participate in the digital transformation of India through (a) access to superior back-end infrastructure; (b) tie-ups with content producers; (c) access to latest business platforms to improve business efficiencies and deliver customer experience; and (d) investment in digital infrastructure for connecting customers. This will create multiple future opportunities for LCOs as Jio rolls out new services and platforms.
Jio has already started work on connecting 50 million homes across 1,100 cities. It will work together with Hathway and DEN and all the LCOs to offer a quick and affordable upgrade to a world-class line-up of JioGigaFiber and Jio Smart-Home Solutions to the 24 million existing cable connected homes of these companies across 750 cities. This will accelerate Jio’s commitment to connect 50 million homes with JioGigaFiber in the shortest possible time.

Suite of Differentiated Digital Offerings


 JioTV is the best rated live and catch-up TV app; JioCinema is the most popular video-on-demand app; JioMusic and Saavn together is music powerhouse with over 40 million songs; JioMags and JioNews are other highly popular customer offerings
 Announced a 5-year partnership with Star India to make all televised India-cricket matches held in India (T20, ODIs, International Test Matches, and Premier BCCI domestic competitions) available to users of JioTV in India
 Announced strategic arrangement with Disney to get all of Disney content on Jio platforms
 Strengthened the KaiOS app-store for JioPhone users with customised versions of popular social media applications like YouTube, WhatsApp and Facebook
 Post operationalization of Jio Payments Bank (a 70:30 JV between RIL and SBI), Jio and SBI deepened their digital partnership. SBI-YONO’s digital banking features and solutions will be enabled through the MyJio platform for a seamless, integrated and superior customer experience. Additionally, SBI will be engaging Jio as one of its preferred partners for designing and providing network and connectivity solutions