Reliance Jio continues to dominate the telecom industry with significant advancements in its 5G network, according to the Reliance Industries Limited (RIL) subsidiary’s financial and operational performance report for the quarter ended June 30, 2024.
Jio has solidified its position as the largest 5G operator outside China, boasting approximately 130 million 5G subscribers. This impressive figure accounts for over 31 percent of Jio’s wireless data traffic. The company’s focus on 5G technology has led to a remarkable 33 percent year-over-year increase in data traffic. Notably, per capita data consumption has surged to 30.3GB per month, equating to more than 1GB per day. This surge underscores the growing reliance on high-speed internet among Jio users.
Moreover, the JioAirFiber Fixed-Wireless Access (FWA) high-speed wireless internet service continues to witness strong uptake across India, leading to the highest ever quarterly home connects, with over 1.1 million new additions. This product is revolutionising fixed broadband infrastructure with its network slicing on a standalone 5G network and point-to-multipoint deployment, Jio said.
The earnings report comes just a few days after Jio’s updated tariff plans came into effect for new and existing subscribers. Prices of plans have gone up from 13-25 percent compared to previous offerings. The move ensures that Jio remains competitive while providing customers with affordable, high-quality internet services, it reiterated.
Akash Ambani, Chairman of Reliance Jio Infocomm, emphasised Jio’s commitment to providing high-quality, affordable internet as the backbone of Digital India. He highlighted that the new prepaid plans would foster industry innovation towards 5G and AI, driving sustainable growth and reinforcing Jio’s market leadership with a customer-first approach.
In June 2024, the Government of India conducted spectrum auctions for existing 4G and 5G bands. Jio acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal, enhancing its spectrum footprint to 26,801 MHz. This acquisition strengthens Jio’s capability to deliver seamless connectivity and cater to the increasing demand for data services.
Jio’s substantial investments in 5G technology and its innovative services are significantly contributing to India’s digital transformation, the telco added. As Jio continues to expand its network and enhance its offerings, it remains a key player in the global telecom industry, shaping the future of connectivity and digital services.
