Latest news with #FWA
Time of India
2 days ago
- Business
- Time of India
Jio Q1: Brokerages spotlight strong net adds, FWA-led broadband gains; say APRU lift modest
New Delhi: Reliance Jio turned in Q1 report card of robust subscriber addition and 5G user tally with strong traction seen in home broadband segment, though growth in average revenue per user was modest, according to analysts. The big takeaways from the April-June quarter numbers for them were better-than-expected revenue growth, a sharp rise in net adds to about 10 million post-tariff-hike digestion, and 5G users surpassing 210 million. "Overall, healthy results with strong subscriber addition and EBITDA (earnings before interest, taxes, depreciation, and amortisation) expansion, despite flattish ARPUs," UBS said in its report. On 5G, Jio is the largest operator globally in terms of data traffic, UBS said, citing the subscriber base of 210 plus million users. "AirFiber continues to see strong demand and is the largest FWA (Fixed Wireless Access) service globally with 82% market share in India and a subscriber base of 7.4 million," it said. In Q1FY26, Jio added 2.6 million home subscribers (1.8 million using FWA) with fixed broadband base now reaching 20 million (7.4 million from AirFiber), it further pointed out. JP Morgan said that the revenue was up a "stronger-than-expected" 3% sequentially led by 1.2% growth in ARPU, addition of 7.3 million wireless subscribers and 2.6 million fixed subscribers in the quarter. For Jio, Q1 (April-June) was a robust quarter with strong net adds and "modest" ARPU (average revenue per user) growth, it said. Citing Jio's ARPU rise of 1.2% quarter on quarter to ₹209, it observed, the increase was a partial flow-through of tariff hikes that should end this quarter. "Jio has historically taken the longest to show the full impact of tariff increases due to a high proportion of users on 3m/6m/annual plans that have queued multiple periods of plans," JP Morgan note said. Notably, Jefferies has raised its FY25-27 subscriber estimates by up to two% to pick up mobile subscribers as well as higher FWA subscribers. It expects RJio's mobile subscribers to reach 517 million and home broadband subscribers to reach 38 million by Mar-27. "Reliance Jio's 1Q results missed estimates due to lower-than-expected ARPUs and higher depreciation and interest costs. Subscriber additions and margins surprised positively and should support revenue and earnings growth in the coming quarters," the Jefferies report said. Jio Platforms - the entity that houses Reliance Industries' telecom and digital businesses - on Friday reported a net profit of ₹7,110 crore for the June quarter, a nearly 25% rise over the year-ago period, its numbers bolstered by customer adds, improved realisations per user and data traffic growth. Revenue from operations jumped 19% to ₹35,032 crore, driven by strong subscriber momentum across mobility and homes, increased customer engagement and growth in the digital services business, according to the earnings statement by parent Reliance Industries. Quarterly Earnings Before Interest, Taxes, Depreciation, and Amortization or EBITDA at ₹18,135 crore was up 23.9% year-on-year. Average Revenue Per User - a key vector - increased to ₹208.8 against ₹206.2 in the March quarter and ₹181.7 in the June quarter of FY25. Reliance Jio Infocomm - the telecom unit - posted a 23.2% increase in net profit at ₹6,711 crore in Q1FY26, while revenue from operations grew 16.6% to ₹30,882 crore. PTI
Time of India
5 days ago
- Business
- Time of India
Reliance Jio Q1FY26 net profit up nearly 25% on year
Mumbai: Jio Platforms Ltd (JPL), which houses Reliance Industries' telecom and digital businesses, posted a nearly 25% year-on-year rise in fiscal first quarter net profit, boosted by continued addition of data users. JPL's consolidated net profit stood at ₹7,110 in the June quarter from ₹5,698 crore a year earlier, and ₹7,022 crore crore in the previous three months, the Mukesh Ambani-owned company said in a statement Friday. 'I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connections. Jio AirFiber is now the largest FWA (fixed wireless access) service provider in the world, with a base of 7.4 million subscribers,' said Mukesh Ambani , chairman and managing director, Reliance Industries, the parent of JPL. During the quarter, Jio reached 20 million connected premises with fixed broadband, up from 17.4 million in the preceding quarter. Its FWA subscriber base touched 7.4 million - the largest number of any global telecom operator. This was driven by its self-developed multi-point UBR technology which enables multiple home connections through a single 5G cell site, bringing down deployment costs. The company also fulfilled its target of 1 million home connections in a quarter - for the first time - during Q1FY26, it said. The telco has set a target of connecting 100 million homes across the country. Jio's average revenue per user (ARPU) rose 1.3% sequentially to ₹208.8 from ₹206.2 in FY4Q25, with the strong addition of FWA users and the residual impact of last July's tariff hikes. Mukesh Ambani-owned Jio reported a 19% on-year growth in revenue from operations at ₹35,032 crore for the just-ended quarter, reflecting continued data usage and ramp-up of 5G-based FWA services. Revenue in the fiscal fourth quarter was ₹33,986 crore. Reliance Jio Infocomm, the telecom unit under JPL, reported an over 23% on-year growth in net profit for the June quarter at ₹6711 crore, on revenue from operations of ₹30,882, up nearly 17% on year. This compares with revenue of ₹30,354 crore in FYQ425. Jio Infocomm, the country's top telecom operator, comprises the bulk of JPL's operations. During the three-month period, Jio gained 9.9 million users, boosting its overall base to 498.1 million, as the telco continued to gain users mainly from Vodafone Idea and state-run Bharat Sanchar Nigam Ltd. (BSNL). The company had taken the lead in raising tariffs by 12-25% for most of its users with the aim of shoring up ARPU due to the lack of monetisation of 5G services so far where the company has made large investments in buying airwaves and rolling out a pan-India 5G network. It ended the quarter with 212 million 5G subscribers (versus 191 million in January-March). 'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country,' said Akash Ambani, chairman, Reliance Jio. JPL's FY1Q earnings before interest, tax, depreciation and amortisation (Ebitda) margin expanded to 518% sequentially from 50.1% in the fiscal fourth quarter and 49.7% a year ago. Per capita data consumption grew to 37 GB per month at June end, from 33.6 GB per month at March-end, due to an expansion of Jio's 5G services and increased consumption by fibre-to-home users. Total wireless data consumption rose to 54.7 billion GB from 48.8 billion GB in the preceding quarter, while voice consumption remained flat at 1.49 trillion minutes.
Economic Times
5 days ago
- Business
- Economic Times
Jio Platforms Q1 profit rises 25% to Rs 7,110 crore as 5G, broadband user base grows
Jio Platforms Ltd (JPL), which houses Reliance Industries' telecom and digital businesses, posted a nearly 25% year-on-year rise in fiscal first quarter net profit, boosted by continued addition of data users. ADVERTISEMENT JPL's consolidated net profit stood at Rs 7,110 in the June quarter, up from Rs 5,698 crore a year earlier, and Rs 7,022 crore crore in the previous three months, the Mukesh Ambani-owned company said in a statement Friday. 'I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connections. Jio AirFiber is now the largest FWA (fixed wireless access) service provider in the world, with a base of 7.4 million subscribers,' said Mukesh Ambani, chairman and managing director, Reliance Industries, the parent of JPL. During the quarter, Jio reached 20 million connected premises with fixed broadband, up from 17.4 million in the preceding quarter. Its FWA subscriber base touched 7.4 million - the largest number of any global telecom operator. This was driven by its self-developed multi-point UBR technology which enables multiple home connections through a single 5G cell site, bringing down deployment costs. The company also fulfilled its target of 1 million home connections in a quarter - for the first time - during Q1FY26, it said. The telco has set a target of connecting 100 million homes across the average revenue per user (ARPU) rose 1.3% sequentially to Rs 208.8 from Rs 206.2 in FY4Q25, with the strong addition of FWA users and the residual impact of last July's tariff Ambani-owned Jio reported a 19% on-year growth in revenue from operations at Rs 35,032 crore for the just-ended quarter, reflecting continued data usage and ramp-up of 5G-based FWA services. Revenue in the fiscal fourth quarter was Rs 33,986 crore. ADVERTISEMENT Reliance Jio Infocomm, the telecom unit under JPL, reported an over 23% on-year growth in net profit for the June quarter at Rs 6711 crore, on revenue from operations of Rs 30,882, up nearly 17% on year. This compares with revenue of Rs 30,354 crore in Infocomm, the country's top telecom operator, comprises the bulk of JPL's operations. ADVERTISEMENT During the three-month period, Jio gained 9.9 million users, boosting its overall base to 498.1 million, as the telco continued to gain users mainly from Vodafone Idea and state-run Bharat Sanchar Nigam Ltd. (BSNL).The company had taken the lead in raising tariffs by 12-25% for most of its users with the aim of shoring up ARPU due to the lack of monetisation of 5G services so far where the company has made large investments in buying airwaves and rolling out a pan-India 5G network. ADVERTISEMENT It ended the quarter with 212 million 5G subscribers (versus 191 million in January-March).'Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed ADVERTISEMENT broadband. This will be pivotal in driving AI adoption in the country,' said Akash Ambani, chairman, Reliance FY1Q earnings before interest, tax, depreciation and amortisation (Ebitda) margin expanded to 518% sequentially from 50.1% in the fiscal fourth quarter and 49.7% a year capita data consumption grew to 37 GB per month at June end, from 33.6 GB per month at March-end, due to an expansion of Jio's 5G services and increased consumption by fibre-to-home users. Total wireless data consumption rose to 54.7 billion GB from 48.8 billion GB in the preceding quarter, while voice consumption remained flat at 1.49 trillion minutes. (You can now subscribe to our ETMarkets WhatsApp channel)
The Citizen
14-07-2025
- Health
- The Citizen
‘Broader investigation overdue' – ActionSA lodges criminal complaint against medical aids
The party said a criminal investigation would go a long way in exposing the 'deep-seated rot' within the health sector ActionSA MP and member of the Health Portfolio Committee Dr Kgosi Letlape has lodged a criminal complaints against medical aid schemes. This follows a report, commissioned by Minister of Health Aaron Motsoaledi, that found racial discrimination against black service providers by the schemes Chairperson of the independent investigative panel, Tembeka Ngcukaitobi, presented the report's key findings to the minister on Monday, 7 July. Findings The panel was tasked with determining if there were any racial undertones in the medical aid schemes' treatment of practitioners. ALSO READ: Medical aids slammed for procedural unfairness in new report 'The risk ratio is a tool we developed to work out the likelihood that a black practitioner would be subjected to an investigation, a finding and a penalty, versus a white practitioner,' explained Ngcukaitobi. 'What we did have the power to do was make findings of fact, and that finding of fact simply leads to one conclusion: the evidence of risk ratios showed racial discrimination against black service providers by the schemes.' Ngcukaitobi noted how, in 2017, one private medical aid scheme found black psychiatrists guilty of fraud, waste and abuse (FWA) at more than three times the rate of their white counterparts. ALSO READ: More than half of Discovery's medical aid plans saw declines in members last year Another private scheme was shown to have found black anaesthetists guilty of FWA over six times more often than other groups in 2018. In the government employee medical scheme, black dental therapists were generally three times more likely than non-black dental therapists to be found guilty of FWA in 2014. 'Critical step' against medical aid schemes On Monday, ActionSA said that laying formal criminal complaints was a crucial step to enable investigators to lawfully access the relevant records, communications and case files. ALSO READ: Trio of medical aids fail to maintain required liquidity 'These materials are essential to uncovering the full extent of any wrongdoing and ensuring that those implicated are held to account, including both medical schemes and practitioners who may have engaged in criminal conduct,' said ActionSA. 'ActionSA is of the considered view that a broader investigation into the conduct of these schemes is both necessary and overdue.' The party said a criminal investigation would go a long way in exposing the 'deep-seated rot' within the health sector, 'ensuring that criminal conduct is rooted out and that discriminatory practices which undermine the very principles of South Africa's constitutional democracy are brought to an end'. Additional reporting by Jarryd Westerdale READ NEXT: Medical schemes risk ruining their reputations through greed
The Sun
14-07-2025
- Business
- The Sun
HMG Partners with MediConCen to spearhead Medical Claims Digitalization in Hong Kong
HONG KONG SAR - Media OutReach Newswire - 14 July 2025 - HealthMutual Group (HMG), a pioneer in medical concierge and insurance management, and MediConCen Limited, an InsurTech innovator, today announced a strategic partnership to develop an advanced AI-driven claims solution tailored for the Hong Kong market. By combining MediConCen's expertise in AI, blockchain, and automation with HMG's solid experience in medical claims management, the collaboration aims to streamline claims processing, enhance efficiency, and establish a localized Fraud, Waste, and Abuse (FWA) detection framework. Mr. KC Chan, Founder of HMG, said, 'with over 11 years of experience in medical concierge services, HMG has developed an in-depth understanding of claims management. Our proprietary OCR-based medical invoice platform aligns perfectly with the digital transformation of claims processing, while facilitating the set-up of a FWA framework to ensure robust risk management. Partnering with MediConCen, a leader in cutting-edge InsurTech, allows us to further our mission of supporting the sustainability of Hong Kong's medical insurance sector.' Mr. William Yeung, CEO and Co-Founder of MediConCen, said 'this collaboration merges MediConCen's AI-powered technological expertise with HMG's unparalleled domain knowledge in insurance and healthcare. Together, we are creating a solution that empowers claims assessors to make faster, and consistent decisions—setting a new gold standard for the industry.' The partnership underscores the importance of combining insurance practicality with technology to deliver digitalisation for insurance process. About HMG Established in 2014, HealthMutual Group has swiftly emerged as a premier leader in healthcare management across Hong Kong and the Greater China Region. Passionately dedicated to transforming healthcare management and its funding mechanism through provision of medical concierge and other essential value-added service, it benefits all stakeholders: the insured, insurance companies, and the medical sector, fostering their sustainable growth and development. About MedConCen MediConCen is a leading insurTech founded in 2018. Awarded in numerous local and international competitions, MediConCen is the first Hong Kong company utilizing blockchain and cutting-edge technology to automate insurance claim and evolve the insurance claim experience.
