Why everybody is investing in Jio?

Why does everyone invest in Jio?

Jio Platforms is no ordinary company. First, it’s a part of RIL, the largest company in India. Second, Jio is the market leader and making profits. It makes abundant business sense to invest in Jio and make profits before the company gets listed on the stock market a few years from now.

Why is Jio so popular?

The secret to Jio’s success: customer-centricity and a webscale mentality. Reliance Jio made it look easy when it successfully entered India’s jam-packed, hypercompetitive mobile market with free 4G voice and data.

Why did FB invest in Jio?

On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit. … Ltd (RIL) pare debt.

Is Jio really profitable?

Reliance Jio, the telecom arm of Reliance Industries Limited (RIL), recorded a 47.5 percent year-on-year profit in the fourth quarter of financial year 2021. The company posted a net profit of Rs 3,508 crore, as compared to Rs 2,379 crore in the same period last year.

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Is Jio better than Airtel?

Now, unlimited voice calling and 100 SMS per day is offered by all the companies, so the main issue comes down to how much data you need. Since Airtel gives you 5GB of data more than Jio and Vodafone, and if you need at least 1GB of data per day, the Airtel plan is better for you.

Why is Jio successful?

Reliance Jio Story – 1st network to provide 4G LTE services. … Well, the most common answer is after the launch of Mukesh Ambani’s Jio. This company made an incredible entry into the Indian mobile telecom sector with the most exclusive cost leadership strategy that revolutionized the whole market of telecommunication.

Who is the CEO of Jio?

Atul Kansal – CEO – Jio | LinkedIn.

What has Ambani invested?

Mukesh Ambani, Bill Gates & others to invest $144 mn in US-based Ambri Inc. Mumbai: Mukesh Ambani’s Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries will invest $50 million in Ambri Inc, a renewable energy storage company in the United States.

Did Microsoft invest in Jio?

Microsoft, the world’s most valuable company, is reportedly mulling over investing $2 billion in Mukesh Ambani’s Reliance Jio for a 2.5% stake. The two companies already have a partnership in place with Microsoft’s cloud solution, Azure, hosting Reliance Jio’s data on its servers in India.

How many TV channels Ambani own?

It is parent company of 46 mass media channels in 8 languages which include the franchises of Colors, MTV, Nickelodeon, VH1 and Comedy Central.

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Is Jio losing customers?

Jio lost nearly 6.6 million users in rural India in September. Bharti Airtel and Vi, by contrast, suffered fewer rural user losses at 0.78 million and 0.74 million respectively. Jio’s rural mobile user base fell to 184.29 million while Airtel and Vi’s dipped modestly to 169.99 million and 137.21 million respectively.

Is Jio running in loss?

The company lost 0.2 million active subscribers and its market share of active user base declined to 26.1%. As of February, Bharti has the highest number of active subscribers at 340 million, followed by Jio at 324 million and Vodafone Idea at 256 million.

Is Jio in profit or loss?

Reliance Jio reported net profit of ₹3,651 crore for the first quarter of the current fiscal, a growth of 45 per cent compared to ₹2,519 crore in the same quarter last fiscal.