Kumari Palany & Co

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Reliance Jio concessions to continue for a few months?

Posted on: 26/Apr/2017 6:40:42 PM
The stock market experts have predicted that reliance Jio will continue the concessional offers for the next 12 to 18 months.

They observed that with this proposal, Reliance seems to have set a target of 15 percent wireless customers in the country.

The experts inform that the average revenue per user earned by the leading telecom players in the country Airtel, Idea, and Vodafone would be around Rs. 300.

In a press release related to this, it is informed that 6 percent of the wireless users in India are using Reliance Jio from September.

Following this, Jio has planned to bring this 6 percent up to 15 percent.

Jio announced last March to earn 50 percent of the revenue in the business as the target and set the deadline before 2020-21.

Presently, Airtel earns 33.1 percent revenue. Vodafone earns 23.5 percent. Idea Cellular earns 18.7 percent revenue. However, these figures are as per the quarter ending last December.

There has been a recent trend showing declined in the number of fresh customer joining Jio. So, the stock market expects some more concessional offers from Jio. In a period of 170 days, fresh customers joined Jio network at the rate of 6 Lakh per day for a total of 10 Crore customers.

As on 31st March 2017, 10.90 Crores customers have joined Jio. As per this, 90 Lakhs customers in a period of 40 days, that is, at the rate of 225000 persons per day, have joined Jio.