Reliance Jio increased the prices of recharge plans, due to which the company lost 10.9 million users. However, this had a positive impact on Jio's 5G subscriber base, which increased by 17 million. The company's net profit has also reached Rs 6,536 crore.
Reliance Jio had recently increased the prices of recharge plans. Now its effect is visible on the company's user base as well. As a result, about 10.9 million customers have left Jio in quarter 2. Now the question is should Jio worry about this? The answer is no. Because the main reason behind this is that the price of recharge plans was increased. Also, when such changes happen, the user base of companies often slips away.
Subscriber base Increased
Whereas, if we look at the overall figures, it is known that Jio's 5G subscriber base has increased by 17 million. Jio's 5G subscriber base was earlier 130 million and now it has increased to 147 million. At this time, the ARPU figure was also 181.7 which has now increased to 195.1. This is the reason why the net profit of the telecom company has also increased to 6,536. Jio's overall subscriber base has definitely decreased.
Jio benefited
Jio said that the company was fully expecting that its effect would be seen on the user base. Because the tariff prices were increased some time ago. The company has not suffered much due to the fall in Jio's user base. Jio says that our entire focus is to provide the best 5G network. Homes can be connected with the help of Fixed-Wireless Access Service (FWA). In such a situation, it is going to prove very beneficial for the users. The loss of 10.9 million customers is not going to affect Jio's business. The company's performance has improved due to ARPU. However, other companies have definitely benefited a little from this.