Reliance Jio has completed 5 G coverage planning in 1,000 Indian cities and has been running trials on advanced use cases across Healthcare and Industrial Automation on its network, the company stated on Friday.
Jio said that the 5 G network will be contingent on customer consumption and revenue using Heat maps, 3 D maps and ray-tracing technology for precise coverage planning to target high-consumption and high-perception locations. The company has partnered with WhatsApp to simplify the prepaid recharge experience.
On January 19, Jio had announced that it would pay around 30,791 crore, including accrued interest, to the Department of Telecom DoT to clear all of the spectrum payments liabilities that the company acquired before March 2021 auctions.
The payments include liabilities relating to spectrum acquired in 2014, 2015, 2016 auctions and the spectrum acquired in 2021, through the trading of the right to use with Bharti Airtel Limited, according to Jio. Plans for 5 G service are going to be put in place later this year, and it is likely to be implemented later this year.
Jio Platforms reported an 8.8 per cent increase in net profit at Rs 3,795 crore as its average revenue per user rose to Rs 151.60 per month from Rs 143.6 in the previous quarter and Rs 151 in October-December 2020.
The company had a net profit of Rs 3,486 crore in the same period a year ago. Jio's subscriber base grew, thanks to its budget smartphone Jiophone Next. Reliance Jio RJIL, the telecom services arm of Jio Platforms, reported a 9.85 per cent increase in net profit at Rs 3,615 crore for the quarter, as opposed to Rs 3,291 crore in the year-ago period.