Jio Platforms Net Profit Rises to Rs. 5,098 Crore in First Quarter Amid 5G Adoption

Digital services company Jio Platforms on Friday posted a 12.5 percent year-over-year rise in net profit at Rs. 5,098 crore in the June 2023 quarter on account of subscriber additions and better realisation per user. The company had posted a net profit of Rs. 4,530 crore in the same period a year ago.

The revenue from operations of Jio Platforms came in at Rs. 26,115 crore during the reported quarter, up 11.3 percent from Rs. 23,467 crore over the year-ago period.

The net subscriber addition of the company surpassed 90 lakh with total data traffic jumping over 28 percent YoY to 33.2 billion gigabytes for the quarter.

The average revenue per user, measured in terms of ARPU, improved by 2.8 percent YoY to Rs. 180.5 fuelled by a better subscriber mix and ramp-up of wireline business.

Jio Platforms comprises telecom arm Reliance Jio Infocomm, a host of startups, and music and video streaming apps.

“5G adoption and FTTH ramp-up drive strong 28.3 percent Y-o-Y growth in data usage as monthly data traffic on the Jio network crosses 11 Exabytes during the first quarter of FY’24,” the company said. The Per Capita monthly data usage increased 20 percent year-on-year to 24.9GB.

Jio has deployed over 1,15,000 sites with about 6,90,000 5G cells covering more than 90 percent of census towns.

“Jio continues to make rapid progress in rolling out its True5G network. Jio is on track to complete pan India 5G rollout before December 2023,” Reliance Jio Infocomm, Chairman, Akash M Ambani said.

Jio Platforms said that its JioBharat platform is ready for scale-up with successful initial trials of 1 million devices.

” The new JioBharat phone is another innovation by Jio combining network and device capabilities to help accelerate the ‘2G-mukt Bharat’ vision and democratize the internet. With these investments, Jio is embarking on a journey to accelerate growth momentum across connectivity and digital platforms over the coming years,” Ambani said.

Jio Platforms CEO Kiran Thomas said that around 98 percent of new additions in JioFibre are coming in for postpaid plans.

He said the company is planning to use air fibre technology to accelerate broadband connectivity to homes with a target to connect 100 million at the earliest.

Jio Platforms telecom arm Reliance Jio reported over 12 percent rise in net profit to Rs. 4,863 crore in the June 2023 quarter.

Reliance Jio had posted a net profit of Rs. 4,335 crore in the same period a year ago.

The total income of Reliance Jio during the reported quarter rose to Rs. 24,127 crore from Rs. 21,995 crore a year ago.

The revenue from operations increased by 9.9 percent to Rs. 24,042 crore during the reported quarter from Rs. 21,873 crore in the June 2022 quarter.

The operating revenue growth was fuelled by subscriber gains in the connectivity business and the scale-up of digital services, according to a statement.

EBITDA grew 14.8 percent year on year led by revenue increase with better margins, it said. Finance Cost is lower due to repayment of short-term loans in 1Q FY24.


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DoT Said to Approach TRAI for Auction of New Spectrum Bands, Radio Waves

The Department of Telecom (DoT) is likely to approach sector regulator Telecom Regulatory Authority of India (TRAI) this week for the auction of a set of spectrum bands as well as radio waves held by permits that are due to expire in 2024, an official source said. The source said that DoT is expected to hold the auction in the March quarter of the current fiscal.

“DoT will send reference to TRAI in a couple of days for auction of 37GHz band and radio waves of telecom licenses that are due for renewal in 2024,” the source told PTI on condition of anonymity.

The reference is likely to include the auction of spectrum in 600 megahertz band as well as the frequency that remained unsold in the auction held in 2022.

The government had put on offer spectrum in 10 bands but received no bids for airwaves in 600MHz, 800MHz and 2300MHz bands. About two-thirds of the bids were for the 5G bands (3300Mhz and 26GHz), while more than a quarter of the demand came in the 700Mhz band — a band that had gone unsold in the previous two auctions (2016 and 2021).

DoT expects TRAI to recommend auction guidelines for the satellite communication spectrum soon so that it can be included in the auction planned for the March quarter.

However, only one satellite communication player has demanded the allocation of spectrum administratively instead of taking the auction route.

According to the source, some of the licenses of Bharti Airtel and Vodafone Idea are set to expire in 2024 and spectrum held through these permits will also be put for auction in the March quarter.

“DoT will be able to conduct auction if TRAI’s recommendation is received by January,” the source said.


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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report

India’s Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter.

The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added. Jio and Nokia did not immediately respond to Reuters’ requests for a comment.

The telecom of arm of Reliance Industries snapped up airwaves worth $11 billion (roughly Rs. 90,600 crore) in a 5G spectrum auction last August and had launched 5G services in several cities. It is also working with Alphabet’s Google to launch a budget 5G smartphone.

The Economic Times said that HSBC, JP Morgan and Citigroup are among those backing Jio’s 5G-related purchases, while European export credit agency Finnvera will be issuing guarantees to the lenders to extend offshore loans to Jio.

Swedish telecommunication company Ericsson had in October last year, announced a partnership with Jio to build a 5G standalone network in India.

Earlier this week, Jio announced the launch of a 4G-feature phone in an attempt to reach those who have not yet migrated to smartphones, although analysts said the move was unlikely to disrupt the Indian telecom market. Back in August last year, Jio emerged as the biggest spender in India’s $19 billion (roughly Rs. 1.5 lakh crore) 5G spectrum auction, with the top telco player winning airwaves worth $11 billion (roughly Rs. Rs. 87,000 crore).

In December 2022, Counterpoint Research said that India’s 5G smartphone shipments will exceed that of 4G shipments by the end of 2023, driven by the mass adoption of the high-speed network and the rise in the sale of handsets in the lower-price bands.

5G data speed in India is expected to be about 10 times faster than that of 4G, with the network seen as vital for emerging technologies like self-driving cars and artificial intelligence.

© Thomson Reuters 2023


From the Nothing Phone 2 to the Motorola Razr 40 Ultra, several new smartphones are expected to make their debut in July. We discuss all of the most exciting smartphones coming this month and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Qualcomm Snapdragon 4 Gen 2 Mobile Platform With Support for 2.5Gbps 5G Download Speeds Launched

Qualcomm Snapdragon 4 Gen 2 was announced by the chipmaker on Monday as the company’s latest chipset for entry-level 5G smartphones. The new chip is the latest addition to the company’s Snapdragon 4-series and is the successor to the Snapdragon 4 Gen 1 SoC that was launched in 2022. It is also the first chip in the series to be built on a 4nm process node and offers 10 percent performance better performance than its predecessor. The new Snapdragon 4 Gen 2 SoC is equipped with a Qualcomm X61 5G modem that is capable of download speeds of up to 2.5Gbps. It also offers NavIC and dual frequency GNSS support for navigation.

Snapdragon 4 Gen 2 availability timeline

According to details shared by Qualcomm, the newly announced Snapdragon 4 Gen 2 will be used in upcoming smartphone models from manufacturers like Redmi and Vivo, while smartphones equipped with the chipset are expected to be available for purchase in the second half of 2023.

Snapdragon 4 Gen 2 specifications

The new Snapdragon 4 Gen 2 SoC comprises two performance cores clocked at 2.2GHz and six efficiency cores clocked at 2GHz. It is said to offer a 10 percent jump in performance over the Snapdragon 4 Gen 1, along with support for UFS 3.1 storage and up to LPDDR5x RAM at 3200MHz. The chip also comes with support for up to full-HD+ displays with 120Hz refresh rate.

 

The company has also touted its on-device AI technology that offers features like background noise reduction during voice and video calls. The chipset supports USB 3.2 Gen 1 Type-C connectivity along with support for Qualcomm’s Quick Charge 4+ technology which is based on the USB-PD (Power Delivery) standard.

Equipped with the Qualcomm Snapdragon X61 5G modem, the new chip is the first in the Snapdragon 4-series to support the 3GPP Release 16 5G standard. The company says that the modem is capable of download speeds of up to 2.5Gbps. It also offers support for Bluetooth 5.1 dual-band Wi-Fi 5 connectivity. It also supports GPS, GLONASS, Beidou, Galileo, NavIC, and QZSS location services with dual-frequency GNSS (L1 + L5) support. 

For photos and videos, the new Snapdragon 4 Gen 2 SoC supports a dual camera setup with two 16-megapixel cameras or a single 32-megapixel camera. Both setups offer 30fps zero shutter lag support, according to the company. Video capturing is supported at 1080p resolution at 60fps (single camera) and 30fps (dual camera) and at 720p resolution at 120fps (slow-motion). Qualcomm says it has introduced AI features for improved low-light photo and video capturing with noise reduction using Multi Camera Temporal Filtering (MCTF).


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TCS Bags Rs. 15,000-Crore Purchase Order From BSNL to Deploy 4G Network Across India

Tata Consultancy Services on Monday said a consortium, led by the IT giant, received an advance purchase order valued over Rs. 15,000 crore from the state-run BSNL for the deployment of a fourth-generation mobile (4G) network across India.

This comes at a time when Reliance Jio and Bharti Airtel are ramping up their infrastructure of 5G technology across the country.

State-owned Bharat Sanchar Nigam (BSNL) on April 22 launched 4G services in pilot mode in parts of Punjab in a run-up to a formal rollout of 4G services. The company has started live testing of its 4G services with 135 tower sites using an indigenous telecom stack.

According to a statement from Tata Group’s Tejas Networks Limited released on April 3, it received an order worth Rs. 696 crore from BSNL for the upgradation of its all-India IP-MPLS based Access and Aggregation Network (MAAN).

Tejas Networks, part of the Tata Group, designs and manufactures wireless networking products for telecommunications service providers, defence and government entities in over 75 countries. As a part of this contract, Tejas Networks will supply, install and commission over 13,000 of its ‘TJ1400’ series of next-generation access and aggregation routers.

Initial supplies and deployment are expected to be completed within the next 18 months, Tejas Networks said in an exchange filing on Monday.

Tejas Networks is an optical, broadband and data networking products company based in India. The company designs develops and sells its products to telecom service providers, internet service providers, utilities, security and government entities in 75 countries.

The shares of TCS were trading 0.70 percent up at Rs. 3,245.05 apiece in morning trade, on Monday.

The shares of Tejas Networks were trading 0.97 percent up at Rs. 648.20 apiece on BSE in morning trade on Monday.


The OnePlus 11 5G was launched at the company’s Cloud 11 launch event which also saw the debut of several other devices. We discuss this new handset and all of OnePlus’ new hardware on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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US House to Vote on Bill to Crack Down on Huawei, ZTE Amid Security Concerns

The House of Representatives is set to vote next week on a bill to crack down on Chinese telecommunications companies Huawei and ZTE Corp that have been deemed security threats by the US government.

The House said on Tuesday it will take up a bipartisan bill called the Countering Untrusted Telecommunications Abroad Act that would require the State Department to report on US NATO allies and others using telecommunication equipment or services in their 5G networks from companies like Huawei and ZTE.

“We need to redouble our efforts to protect our national security and interests, help our allies take vital measures for their own security, and stand firmly in defense of fundamental rights,” said Representative Susan Wild, the Democratic sponsor of the measure.

The legislation would also require publicly traded companies to disclose whether they have contracted to use Huawei or ZTE or services covered under the bill. Huawei and ZTE did not immediately comment.

The bill would also mandate a report on telecommunications vulnerabilities in US embassies overseas, and direct the US State Department to identify key telecommunications infrastructure projects to promote US national security.

The Federal Communications Commission in November banned approvals of new telecommunications equipment from Huawei and ZTE, saying they pose “an unacceptable risk” to US national security.

Last year, the Chinese embassy in Washington said the FCC “abused state power and maliciously attacked Chinese telecom operators again without factual basis.” Huawei has repeatedly denied allegations of wrongdoing and said the US government has “unlawfully and irrationally” targeted the company.

Washington’s efforts to counter the Chinese tech giants come amid US fears that Beijing could use them to spy on Americans. Washington has for years pressured US allies not to use Huawei or ZTE equipment from 5G networks or remove gear from existing networks.

In 2019, Congress directed the FCC to order US telecoms carriers receiving federal subsidies to purge their networks of telecoms equipment posing national security risks, with promises of reimbursement.

The FCC designated Huawei and ZTE as threats, requiring US companies to remove their gear or be frozen out of an $8.3 billion (roughly Rs. 681.01 crores) government fund to purchase new equipment. However, to fund the so-called “rip and replace” effort, Congress only appropriated $1.9 billion (roughly Rs. 155 crores).

The FCC said last year companies need another $3 billion (roughly Rs. 246 crores) to remove from U.S. networks equipment made by Chinese telecoms giants Huawei and ZTE bringing the total estimated cost to $4.98 billion (roughly Rs. 408 crores). 

© Thomson Reuters 2023


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Jio Installs 1 Lakh Towers to Expedite 5G Rollout in India, Department of Telecom Data Shows

Billionaire Mukesh Ambani’s Reliance Jio has installed close to 1 lakh telecom towers, nearly 5 times of its nearest competition, to roll out India’s fastest and deepest penetration 5G telecom network to provide ultra-high speed internet, according to the latest DoT data.

The latest daily status report from the Department of Telecommunications (DoT) National EMF Portal shows Jio has installed 99,897 BTS (base transceiver station) across 2 frequencies it owns (700 MHz and 3,500 MHz). In comparison, Bharti Airtel has 22,219 BTS.

Additionally, for every base station, Jio has 3 cell sites while Airtel has 2, the March 23 report said. More towers and cell sites mean faster speed. According to the February 28 report of Ookla, the global leader in network intelligence and connectivity insights, Jio’s top median speed is 506 Mbps (megabytes per second) as compared to 268 Mbps of Airtel.

“5G has been in place in India for over four months and already it’s having a tremendous impact on the state of mobile in the country,” Ookla said in the report.

“Speedtest Intelligence data shows that median download speeds across India increased by 115 percent since before the 5G launch, from a 13.87 Mbps median download speed in September 2022 to 29.85 Mbps in January 2023.” 5G performance has increased across early 5G adopters in most of the telecom circles, Kolkata achieved the fastest median 5G download speeds in January 2023 at above 500 Mbps.

“Jio experienced a top median 5G download speed of 506.25 Mbps in Kolkata, while Airtel of 268.89 Mbps in Delhi,” it said. Airtel and Jio have ambitious targets in terms of the 5G network rollout. “From 5G networks’ inception, 5G availability across 5G-capable devices has steadily increased, reaching 8.0 percent for Airtel and 5.1 percent for Jio,” it said.

India has over half a billion internet users, making it the second-largest online market worldwide, just behind China. 5G telecom services were launched in October 2022.

“Jio’s USD 25 billion investment seems to be paying off. In January 2023 Jio achieved median 5G download speeds above 400 Mbps across ten telecom circles. Jio’s True 5G network is based on a 5G Standalone (5G SA), which doesn’t rely on a 4G LTE network. “While Jio’s initial 5G speeds fluctuated massively – from low single-digit to speeds well above 800 Mbps, which pointed to the operator recalibrating its networks, Jio’s 5G performance has stabilized over the past four months. In January 2023, Jio’s 5G early adopters experienced speeds ranging from 246.49 Mbps median download speed in Himachal Pradesh to 506.25 Mbps in Kolkata,” Ookla said.

In comparison, “Airtel’s 5G early adopters experienced speeds ranging from a 78.13 Mbps median download speed in Kolkata to 268.89 Mbps in Delhi,” it added.

Last month, Akash Ambani, chairman of Reliance Jio, at a post-budget webinar of the Ministry of Electronics and Information Technology stated that India’s largest telecom company will undertake the fastest 5G rollout in the world.

Reliance Jio is a step-down subsidiary of Reliance Industries which is helmed by his father, Mukesh Ambani. Bharti Airtel had on Friday stated that its ultra-fast 5G service is available to customers in 500 cities in the country. “Airtel added 235 cities to its network, making it one of the largest rollouts to date.” 

 


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Airtel Pips Jio in 5G Rollout Race, Expands Next-Generation Network Coverage to 500 Cities

Telecom operator Bharti Airtel overtook Reliance Jio in 5G roll-out with the expansion of the network to additional 235 cities, taking its total reach to 500 cities.

Reliance Jio has so far announced the expansion of its ultra high-speed fifth generation (5G) network to 406 cities.

“Bharti Airtel…ultra-fast 5G service is available to customers in 500 cities in the country. Airtel added 235 cities to its network, making it one of the largest roll-outs to date,” the company said in a statement.

“Airtel was the first to offer 5G services in October 2022, and today’s mega launch is our promise to connect every Airtel customer in the country with ultra-fast Airtel 5G Plus. We have already covered 500 cities and are adding 30 to 40 cities every single day. By September of 2023, we expect to expand our 5G footprint to all of urban India,” Bharti Airtel CTO Randeep Sekhon said.

According to industry players, India has become the fastest country in the world to roll-out 5G networks.

Against the target of rolling out 5G in 200 cities before March 31 set by the government, the service is now available in over 900 cities.

Airtel said that its 5G Plus runs on a technology that has the widest acceptance in the world with the most developed ecosystem which ensures that all 5G smartphones in India seamlessly work on the Airtel network.

“Second, the company promises to deliver the best experience – between 20 to 30 times higher speeds than today (compared to 4G) coupled with a brilliant voice experience and super-fast call connect,” the statement said.

Airtel has also removed the 5G data usage limit cap to match with Jio’s offer.

Earlier 5G data usage was limited to the same as the daily quota which customers had in their 4G subscription plan.

“Customers will now be able to experience ultra-fast, reliable and secure 5G Plus services without having to worry about data exhaustion as the company removes the capping on data usage across all existing plans,” the statement said.

The company has also deployed the first 5G private network at Bosch facility in Bengaluru, and also at Mahindra & Mahindra’s Chakan manufacturing facility to make it the first 5G-enabled auto manufacturing unit.


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Jio’s Unlimited 5G Plans Put Airtel on Back Foot in India, Delay Profits: JP Morgan

The launch of cheaper postpaid plans with unlimited 5G by Reliance’s Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday.

Jio, the telecoms unit of Indian conglomerate Reliance Industries, launched new postpaid plans last week, starting from Rs. 399 ($4.85) that included over-the-top (OTT) packages, forcing Bharti Airtel to roll out similar plans.

“We were surprised to see Bharti turn defensive with counter-plans,” JP Morgan analysts said in a client note, adding that unlimited 5G data consumption would also delay any kind of 5G monetisation, pressure the expansion of average revenue per user (ARPU) and delay 4G prepaid tariff increases.

Bharti’s new family plans can drive ARPU drops of Rs. 100-200 per subscriber and any subsequent price matching to that of Jio can drive further ARPU drops of Rs. 50-100 per subscriber, the analysts said.

Stiff competition to attract 5G subscribers would reduce the pricing power for the operators and they will not be able to monetise 5G by charging a premium, they added.

Analysts kept their “under weight” rating on Bharti Airtel, saying that ARPU expansion for Bharti was at risk and could even reduce over 2024-25 as 5G price wars take place.

Both, Jio and Bharti Airtel have been rolling out 5G services across the country.

© Thomson Reuters 2023


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AIIMS Delhi to Be Equipped With 5G Network by June 30 for Maximum Utilisation of Modern Tech

To enable maximum utilization of modern communication technology for patient care, teaching, research, and good governance, AIIMS has decided to equip itself with a 5G network by June 30, officials said.

A five-member committee has been constituted to expedite the process, said an office memorandum, issued by the director Prof M Srinivas. 

“In line with the current trends and to enable maximum utilisation of modern communication technology for patient care, teaching, research, good governance, and optimal deployment of Integrated Medical University Information System (IMUIS), it is desirable that the entire AIIMS, New Delhi campus has good strength of 5G mobile network to enable robust mobile and data connectivity inside the buildings,” Srinivas said.

The committee will be headed by Prof Vivek Tandon, Department of Neurosurgery AIIMS, and members include Dr. Vivek Gupta (computer facility), superintending engineer Jitendra Saxena and Dr. Vikas from telecommunications as a member secretary of the committee, and Sunita Cherodath, senior deputy director general, department of telecommunication will be a special invitee.

Strong 5G connectivity shall also help AIIMS, New Delhi in the implementation of casualty and eICU solutions across its main and outreach campuses like NCI Jhajjar which shall in turn enable senior faculty to provide their expert advice during off-duty hours, vacations, etc. as well.

According to administration officials, the AIIMS in Delhi has a daily footfall of approximately 50,000 and good mobile connectivity is essential. It has been noted that currently there are many dark spots in the Institute with nil to very poor mobile connectivity which is causing great discomfort to patients, staff, and visitors alike. Also, there is very limited 3G/4G data connectivity in the majority of the areas and 5G connectivity is nearly nil inside the Institute buildings.


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