Reliance Jio leapfrogs China Mobile to become global data traffic leader

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Telecom giant Reliance Jio has reportedly become the world’s largest mobile operator in terms of data traffic, surpassing even China Mobile. The announcement came on Monday after Jio disclosed its results for the March quarter.

As of March 2024, Jio has a subscriber base of 481.8 million, with 108 million subscribers actively utilising Jio’s True5G Standalone network.

According to a press release, the total data traffic traversing the Jio network has surged to a staggering 40.9 Exabytes, marking a 35.2% year-on-year surge. This growth is largely attributed to the widespread adoption of 5G technology and Home services.

Notably, 28% of the traffic comes from 5G subscribers. Additionally, Jio’s Fixed Wireless Access (FWA) services have made substantial contributions to this surge in data traffic.

The onset of the COVID-19 pandemic is said to have triggered a 2.4x increase in annual data traffic, with per capita monthly data usage skyrocketing from a modest 13.3 GB to 28.7 GB over just three years.

Financially, Reliance Jio achieved several significant milestones, with consolidated Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) surpassing ₹1,78,677 crore and consolidated Profit Before Tax (PBT) exceeding ₹1,00,000 crore. Furthermore, the company’s market capitalisation has surged past ₹20,00,000 crore.

(With inputs from agencies)

Also Read: Reliance Jio Q4 results: Profit jumps 13% to ₹5,337 crore, revenue increases 11% at ₹25,959 crore

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow