Indian mobile operator Reliance Jio reports first quarterly profit of ~$79M in FY Q3, 15 months after starting commercial operations, had 160M+ users as of Dec.
Related Coverage
- Airtel's Q3 profit falls by 40% amid Reliance Jio onslaught Times of India
- Jio Turns Profitable, User Base Hits 160.1 Million NDTV Gadgets 360
- Reliance Jio turns profitable in less than 18 months since launch PTI
- Airtel profit plunges 39% in Q3 as IUC cut, Reliance Jio price war take their toll Livemint
- Reliance Jio Turns In A Profit In Just Over A Year Of Operations BloombergQuint
- Jio Turns Profitable; Reports Rs 504 Crore Profit For December Quarter! Trak.in
- Reliance Jio marks its first profit at Rs 504 cr DNA
- RIL could hit record highs on Monday; 10 takeaways from Q3 results Moneycontrol
- Reliance Jio reports first ever net profit of 504 cr. The Hindu
- Reliance Jio makes profit for the first time, earns Rs 504 crore in Q3 Business Today
- Trai's interconnection usage charge cut drives RIL's profit growth in Q3 FY18 Livemint
- BRIEF-Reliance Jio Posts Dec-Qtr Profit Reuters
- Jio logs first net profit of Rs 504 crore in Dec quarter Deccan Chronicle
Discussion
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@eastdakota
Matthew Prince
on x
Watch this space. Reliance Jio is fascinating! http://twitter.com/...
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@kunal_shandilya
Kunal Shandilya
on x
@Techmeme Effective strategy by @reliancejio Entering the market with mind-bogglingly low prices, and then capturing over 14% of a gigantic market in India—in such a short time. It also changed the norms in India. People don't “pay” for calls anymore, they pay for data now—in gen…