Reliance Jio enrols 1.6 cr subscribers in first month

At the AGM of Reliance Industries Ltd, its chairman Mukesh Ambani had said that Jio has set a target of acquiring 10 crore subscribers “in the shortest possible time”.

By: ENS Economic Bureau | New Delhi | Published:October 10, 2016 3:10 am

Reliance Jio has enrolled 1.6 crore subscribers in the first 26 days of commercially launching its operations on September 5, the company said on Sunday.

At the AGM of Reliance Industries Ltd, its chairman Mukesh Ambani had said that Jio has set a target of acquiring 10 crore subscribers “in the shortest possible time” and an aim to cover 90 per cent of India’s population by March 2017, which experts believed would be tough for the company to achieve.

“The run-rate of SIM card sales since the launch of the welcome offer is 1 lakh per day. With the addition of more distribution channels (eg, mom-and-pop stores), our channel check indicates the run-rate to go up 3-4 times. Total current subscriber base is 5 million,” brokerage Motilal Oswal had said in a report. The report had said that considering three to four times growth in daily subscriber addition from the then level of 1 lakh, monthly addition worked out to 90 lakh, leading to about 3.6 crore subscribers by end of December.

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  1. A
    Ank
    Oct 12, 2016 at 3:51 am
    And in start of Jan most of the ppl with throw there Jio sim in Dustbin.lt;br/gt;lt;br/gt;There service is very inconsistent, I am getting a speed of 200 kbps or below in my area.lt;br/gt;they do not respond to complains, there is 0 customer focus. This is contrary to what Mr. Ambani had promised. Jio will have the same fate as reliance communication.lt;br/gt;Come Jan Jio will become Maro.
    Reply
  2. A
    Ank
    Oct 12, 2016 at 3:57 am
    no one is going to Pay for such a inconsistent pathetic service. Reliance need to get there act together. As soon as the service turns pa consumer will return to there original provider ...Airtel,Vodafone. Both are giving excellent 4G speed. Vodafone is giving 16-19 mbps in mobile.
    Reply