Jio may achieve break even on EBITDA end this fiscal

DSIJ Intelligence / 04 Apr 2017

Jio may achieve break even on EBITDA end this fiscal

A popular brand now even in the semi-urban and rural houses in India, Reliance Jio armed with over 83 million customers may achieve break even on Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) by end of the current fiscal year.

A popular brand now even in the semi-urban and rural houses in India, Reliance Jio armed with over 83 million customers may achieve break even on Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) by end of the current fiscal year. Market analysts strongly believe the 'big dada' of Indian telecom sector may be one of the very few companies to achieve this within such a short span of time since launching of a product or service. 

According to industry sources, Reliance Jio has already absorbed 83 million plus cellular subscribers from the market generating an ARPU (average revenue per user) of Rs. 246 per month. Jio has also encouraged the 4G newcomers' strong 60 per cent customer conversion to the paid services.

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