Reliance Jio Might Double Its Operating Profit In Next Two Years: Report


There is no doubt that Reliance Jio has become the largest telecom operator in India. Now, a new report claims that the operating profit of Jio is likely to be double in the next two years.

Reliance Jio Might Double Its Operating Profit In Next Two Years


The report states that Jio might achieve Rs. 52,400 crore of revenue, when its subscriber base will reach 500 million. Currently, the operator has 370 million users at the end of last year. Reliance Jio has added 14.8 million customers in Q3 of this financial year.

In fact, analysts believe that it's the average revenue per user will also increase to Rs. 168 in the next two years from the current Rs. 128. Furthermore, they expect that there are chances that Jio subscribers' base might increase as Vodafone-Idea is facing a major financial crisis. And if the latter files bankruptcy then there will be only two operators in the next 12 months (Reliance Jio and Airtel).

Meanwhile, Deutsche Bank suggested that the bailout package will not help Vodafone-Idea to give a tough fight to other operators. "We think the government will find it too expensive to provide a large enough fix needed to prop up Vodafone Idea for anything other than the medium-term," the German investment bank was quoted by Economic Times.

Meanwhile, PTI reported that Reliance Jio paid Rs. 195 crore to the Department of Telecom to clear its AGR debt. This means the operator has become the first one to clear its dues as per the ruling given by the Supreme Court. "Reliance Jio has paid Rs. 195 crore for AGR. This includes advance money that the company has paid for the month of January 2020," the source was quoted by the news agency. On the other hand, both incumbents Airtel and Vodafone-Idea have asked for an extension to pay its AGR dues.



Most Read Articles
Best Mobiles in India

Read More About: reliance jio airtel vodafone idea

Best Phones

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more