Jio aims to become a “token value” company, owning not just the transport of data, but the economics of AI computation itself, says Mathew Oommen
After making calls free and mobile data among the cheapest globally, Jio is now preparing to make AI tokens the new currency of telecom.
ARPU rose to Rs 213.7, driven by higher customer engagement, partly offset by promotional offers for unlimited 5G and Fixed Broadband services.
Jio crossed the 500 million user mark during the September quarter, with average revenue per user rising to Rs 211.4 from Rs 208.8 in the preceding three months.
Reliance Industries had a strong performance for the full financial year 2024-25 with record consolidated revenue at Rs 10.71 lakh crore, growing 7.1 percent YoY as well as record EBITDA at Rs 1.83 lakh crore, up 2.9 percent over the previous fiscal.
Jio Platforms Q4 results: Revenue from operations increased 18% to Rs 33,986 crore
Jio Platforms Ltd has partnered with SpaceX to bring Starlink's internet services to India, contingent on regulatory approvals. The collaboration will allow Jio to offer Starlink solutions via its retail outlets and online platforms, with plans to provide equipment and customer service for installation. This partnership leverages Jio’s position as the largest mobile operator globally by data traffic and SpaceX's leadership in low Earth orbit (LEO) satellite operations. Together, they aim to deliver reliable broadband services to even the most remote and rural areas of India, enhancing Jio's existing broadband services like JioFiber and JioAirFiber. The partnership also explores other ways to strengthen India’s digital ecosystem. However, regulatory approvals from the Indian government and agencies such as IN-SPACe and DoT are still pending. The Indian space economy is expected to grow to $44 billion by 2033, contributing significantly to global market share.
India’s AI mission is attracting top tech players with 19 bidders competing to power its compute infrastructure
"Jio Things is pleased to collaborate with MediaTek to revolutionize the Mobility industry with our 4G Smart Android Digital Cluster, App Suite and Smart Module solutions,” Jio Platforms, President and CEO, Kiran Thomas said.
Reliance Industries, the biggest company by market capitalsation, has announced dividend of Rs 10 per share for the financial year gone by
The recognition highlights Jio Platforms' commitment to pioneering innovation in the telecommunications sector. Jio Platforms has successfully deployed the world's largest 5G standalone (SA) core network.
For Jio, the potential investment assumes significance as it would allow the company to gain a strategic foothold in the Sri Lankan telecom market.
Higher production in oil and gas, strong subscriber addition and higher ARPU in Jio Platforms and robust revenue growth and cost management in retail underlined RIL’s performance in Q2 FY24
Jio Platforms will provide managed services that utilise data analytics and AI to large enterprises in India and abroad.