JIO : Telecom service provider Reliance Jio's share in the country's total data consumption increased to around 60 percent in FY 2023-24. This has been stated in the annual report of the parent company Reliance Industries Limited (RIL). According to the company, Jio's large investment in next-generation networks and digital technologies will maintain competitive advantage and market share growth and will ensure strong and sustainable shareholder returns in the coming years.

Expansion of 5G network

In the annual report, Reliance Industries Chairman and Managing Director (CMD) Mukesh Ambani said Jio transformed a 'data-poor' India into a 'data-rich' country with affordable, high-speed 4G data and also expanded 5G networks across India in world record time. According to the annual report, the launch of the next-generation fixed wireless network will accelerate the demand for high-speed fixed broadband. The demand for these services is expected to increase more in rural areas.

Fixed broadband connection

The report says that Jio's indigenously developed technologies are being implemented at a large scale in India and will later be rolled out to the rest of the world. The highest average data consumption per capita was recorded at 28.7 GB per month in the January-March, 2024 quarter. With this, the company has registered a 31 percent year-on-year growth in total data consumption in FY 2023-24 with a 5G user base and fixed broadband connections growth.

Customer Base

According to the annual report, Jio has created enough data capacity to meet the digital needs of more than one billion Indians in their homes, offices, and on the go. Jio's share in data consumption in India has increased to about 60 percent, making it the most preferred broadband network. The company is leading the Indian telecom market in both mobile and fixed-line segments. Jio's total customer base is 48.18 crore, including 10.8 crore 5G users and 1.2 crore fixed broadband users.