Jio Platforms said it has added almost 1 crore new users in the quarter ending June 30 2020, taking the overall subscriber base to 39.8 crore. Jio released its quarterly data wherein it reported 182.8 percent growth in net profits over the same quarter last year.
eliance is expected to emerge as a digital giant following its $20 billion (roughly Rs. 1.5 lakh crores) fund raising spree. Its ambitious digital expansion plan may offer a tough competition to leading US brands such as Amazon, Walmart and Zoom in India.
Reliance Industries chairman Mukesh Ambani on Wednesday announced that Jio was developing a homegrown 5G solution. Ambani said the Jio 5G solution has been made in India from scratch. This will enable Jio launch a “world-class 5G service in India”.
Jio would not have a single Chinese network part in its upcoming 5G network, Reliance Industries Chairman Mukesh Ambani told US President Donald Trump during his maiden trip to India, recently.