Summary:

Jio Platforms (JPL), a top 12 Indian firm, announced an 11.7% YoY net profit gain to US$ 684.7 million (Rs. 5,698 crore) for the first quarter of FY25, driven by robust subscriber growth.

During the event, Jio Platforms CEO, Mr. Ambani, announced the complete completion of the nationwide 5G deployment, with capital investment for this program likely to drop. Jio already has over 130 million 5G customers and owns more than 85% of the 5G radio cells. The firm intends to gain 1 million new home internet subscribers each month and presently serves roughly 30 million home consumers. The JioAirFiber service, which runs on 5G, garnered 1 million clients in six months and another 1 million in the following 100 days. Jio's data traffic increased by 33% over the last year.

Source: IBEF 

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