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New Delhi, Jan 17 () Telecom operator Reliance Jio on Friday posted a 62.5 per cent jump in its net profit at Rs 1,350 crore in the three months to December 2019, as it added more users and saw per subscriber earning rising on back of an increase in tariff.
The company's strong performance comes at a time when its rivals are staring at billions of dollars in statutory dues, leading to record losses in the previous quarter.
Reliance Jio had posted a net profit of Rs 831 crore in the corresponding quarter of 2018-19.
The company recorded an increase of 28.3 per cent in its operating revenue at Rs 13,968 crore compared to Rs 10,884 crore in the year-ago period. 
"Jio has continued on its unprecedented growth journey receiving overwhelming customer response for best in class mobile connectivity services. Jio is also determined to redefine the wireline infrastructure, home entertainment and enterprise market in India with its FTTx services which bundle best-in-class connectivity with bouquet of digital content and services," RIL Chairman and Managing Director Mukesh Ambani said in a statement. 
He said a truly transformational and disruptive digital services company has also been set up to drive the next leg of growth.
Reliance Jio subscriber base increased by 32.1 per cent as on December 31, 2019 on year-on-year basis to 37 crore and average revenue per user (ARPU) stood at Rs 128.4 during the quarter.
The ARPU was up compared to Rs 120 in July-September quarter reported by Reliance Jio, however, it was lower than Rs 130 recorded by the company in the year ago period. The company was able to arrest decline in ARPU during the reported quarter. 
Total wireless data traffic on company's network increased by 39.9 per cent to 1,208 crore GB on Y-o-Y basis during the quarter and voice traffic during the quarter jumped 30.3 per cent to 82,640 crore minutes.
The company cushioned itself from mobile call termination charges by imposing six paise on outgoing calls to network of competitors for recharges done by Jio customers effective October 10 onwards. 
"Jio became a net recipient of access charges within two months of implementation of IUC tariffs, with outgoing traffic in overall offnet traffic reducing to 48 per cent by the end of the quarter," the company said.
The average consumption of data per subscriber increased Y-o-Y basis to 11.1 GB from 10.8 GB but it was lower when compared to 11.7 GB reported by the company in second quarter of current fiscal.
The company during the quarter made provision of Rs 177 crore for adjusted gross revenue while its rivals have to jointly pay over 1.47 lakh crore for the same.
These AGR liabilities arose after the Supreme Court in October last year upheld the government's position on including revenue from non-telecommunication businesses for calculating the annual AGR of telecom companies, a share of which is paid as licence and spectrum fees to the exchequer.
On Thursday, the Supreme Court rejected older telecom player's plea for review of its AGR order after which Bharti Airtel and Vodafone Idea said they are evaluating filing a curative petition before the apex court for relaxation on penalties and payment deadline.
Vodafone Idea -- which is staring at unpaid statutory dues of Rs 53,038 crore, including Rs 24,729 crore of spectrum dues and Rs 28,309 crore in licence fee -- has already warned of shut down if no relief is given.
"If we are not getting anything then I think it is the end of story for Vodafone Idea," its Chairman Kumar Mangalam Birla had said last month.
The statutory liabilities in the case of Bharti Airtel adds up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues (excluding the dues of Telenor and Tata Teleservices). This week, the Sunil Mittal led company raised USD 3 billion through Qualified Institutional Placement (QIP) and FCCB route to pay for the statutory liabilities.
Dues dating back 15 years, as per the October order, have to be paid by January 23. PRS MBI MKJ

Reliance Jio net profit jumps 62.5% to Rs 1,350 cr in Dec qtr

New Delhi, Nov 25 () The committee of secretaries, which was constituted last month to explore a financial bailout package for the telecom sector, has been disbanded, according to a government source.
On the issue of applicability of the Supreme Court's AGR ruling on other service providers like ISPs, the source said while these cases were separate and such players were not party to the cases, they still have obligation to pay their statutory dues.
Asked if the CoS has been disbanded now, the source replied in affirmative.
On whether a new inter-ministerial panel could be constituted for ironing out other outstanding issues, the source said, "No, it is a SC defined matter".
In October, the government had constituted a committee of secretaries (CoS) - headed by Cabinet Secretary Rajiv Gauba - to explore a financial bailout package for the telecom sector.
The panel was tasked to look at the demands of telecom service providers for deferment of payments they had promised for the spectrum won through auction as well as consider lowering airwave usage charge. It had also been asked to consider lowering the obligation of operators for providing 5 per cent of their annual revenues for the Universal Service Obligation Fund (USOF).
Last week, the Cabinet headed by Prime Minister Narendra Modi approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.
While the move will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, the government is unlikely to intervene in the Supreme Court mandated statutory payments, top sources have said.
Bharti Airtel, Vodafone Idea and other telecom operators have to pay Rs 1.4 lakh crore in outstanding statutory dues following the Supreme Court order on October 24 that sent shock waves through an industry already grappling with billions of dollars in debt and an intense tariff war to retain customers.
The top court last month upheld the government's position on including revenue from non-telecommunication businesses in calculating the annual adjusted gross revenue (AGR) of telecom companies, a share of which is paid as licence and spectrum fees to the exchequer. MBI SR
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CoS on telecom relief package disbanded: Govt Source

<ul><li> <keyword id="1984068" type="PERSON" weightage="20" keywordseo="Subhash-Chandra-Garg">Subhash Chandra Garg</keyword> said the government should offer a one-time settlement scheme to the telecom companies to pay the dues </li><li>In a blog titled 'Rebuilding <keyword id="945199" type="COMPANY" weightage="20" keywordseo="telecom-business">Telecom Business</keyword> in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. </li><li>Garg also wondered whether the government's proposal to put in billions of dollars to revive BSNL-MTNL is advisable </li></ul>Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for <keyword id="6583012" type="COMPANY" weightage="20" keywordseo="vodafone-idea-ltd">Vodafone Idea Ltd</keyword> by ousting the current board on the lines of action taken in the case of IL&amp;FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom business -- both voice and data -- is headed towards becoming a duopoly (Jio and <keyword id="15491" type="DOMAIN" weightage="20" keywordseo="Airtel">Airtel</keyword>) with the remaining two players, Vodafone Idea and BSNL-MTNL, hurtling towards eventual shutdown, which might as well be an abrupt collapse. "This has enormous consequences for over 400 million of the customers of Vodafone Idea and BSNL-MTNL in terms of continuous availability of telecom services and also for competitiveness in the industry itself," he said. Garg also wondered whether the government's proposal to put in billions of dollars (over Rs 70,000 crore) to revive BSNL-MTNL is advisable or not as the country is facing massive economic slowdown. The Supreme Court last week rejected a plea by telecom firms including Bharti Airtel and Vodafone Idea Ltd for extension in the payment schedule and asked them to deposit an estimated Rs 1.47 lakh crore in past dues for spectrum and licenses by March 17. Some telecom firms have said they were already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.

Oust Vodafone's board for a new one like in IL&FS and DHFL says former finance secretary

<ul><li>Within 24 hours of Airtel and Vodafone increasing tariffs, Reliance Jio too said it will also look at the same. </li><li>Will take measures including appropriate increase in tariffs in the next few weeks, Jio said. </li><li>Vodafone Idea stock gained by 20% in today’s early trade. </li></ul>In a <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-jio-could-increase-tariffs/articleshow/72121399.cms">much-expected turn of events</a>, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s Reliance Jio has toed the line that was breached by his arch rivals –Vodafone Idea and Bharti Airtel. Within 24 hours of the latter announcing that they are increasing tariffs, Reliance Jio said it will also look at the same. “Like other operators, we will also work with the Government and comply with the regulatory regime to strengthen the industry to benefit Indian consumers and take measures including appropriate increase in tariffs in the next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments,” said Jio in a press release<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/572692a0-b213-4953-9e63-e08d1a7d3b81.pdf"> yesterday</a>. The move has led a rally in Reliance Industries’ stock which went up by 4% in early trade, but the biggest gainer as the second telecom tariff war is cooling down is still Vodafone Idea. The stock has been taking a beating ever since Supreme Court order <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-jio-stock-prices-shoots-up-after-supreme-court-verdict/articleshow/71737746.cms">supported Department of Telecommunications </a>in the case on defining aggregate gross revenues (AGR). After falling to as<a href="https://www.businessinsider.in/stock-market/markets/news/vodafone-idea-share-price-falls-sharply-after-record-loss-in-second-quarter/articleshow/72065283.cms"> low as ₹3,</a> it has gained as much as 21% in today’s trade. This good news however has another story, and not a pleasant one for the scores of telecom consumers. On an average, Indians have been enjoying 1 GB data at ₹18 or $ 0.26! In comparison, Americans pay as much as $6 per GB. Jio however has been heralding this change as its tariffs are 30% cheaper than that of Vodafone and Airtel. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-jio-could-increase-tariffs/articleshow/72121399.cms">Reliance Jio gets a golden opportunity to hike tariffs and still stay ahead of rivals</a> <a href="https://www.businessinsider.in/reliance-jio-airtel-and-vodafone-idea-may-raise-tariff-soon/articleshow/71757089.cms">Whether you use Jio, Airtel, Vodafone-Idea, get ready to pay more for mobile services— sooner than later</a>

Mukesh Ambani joins his peers to end the cheap data party for Indians

New Delhi, Feb 16 () Telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for adjusted gross revenue (AGR) dues on Monday to avoid stringent punitive action from the Telecom Department, according to official sources. The three companies are jointly liable to pay dues of over Rs 1 lakh crore, but they have informed the Department of Telecom (DoT) of making only partial payment, as per their representatives. "Airtel, Vodafone Idea and Tata Teleservices have said that they will make payments on Monday. DoT will take action after evaluating the amount paid by them," an official source told . Earlier on Friday, Bharti Airtel offered the DoT to pay Rs 10,000 crore by February 20, but a DoT official said that the department can't grant any extension. Vodafone Idea on Saturday said that it is assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business. Telecom operators are collectively liable to pay Rs 1.47 lakh crore in AGR dues as per the Supreme Court order dated October 24, 2019. The deadline to pay the amount ended on January 23, but none of the telecom operators, except Reliance Jio, paid the amount. Even state-owned BSNL and MTNL did not pay the dues. As per the last available estimates, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government. Vodafone Idea is staring at dues worth Rs 53,000 crore, which includes up to Rs 24,729 crore of spectrum dues and another Rs 28,309 crore in licence fee. Tata Teleservices owes around Rs 13,800 crore, BSNL Rs 4,989 crore and MTNL Rs 3,122 crore. Out of Rs 1.47 lakh crore, around Rs 1.13 lakh crore is likely to be recovered, as other companies, which are liable to pay AGR dues, have folded up their businesses. Reliance Communications and Aircel are going through insolvency proceedings. The apex court on Friday came down heavily on the Telecom Department for not taking steps to recover statutory dues, estimated to be around Rs 1.47 lakh crore from operators. The DoT issued fifth and final notice to telecom operators on February 14 for making payment on the same day, but none of the companies paid the dues. When asked about telecom operators having sought time to assess the amount they have to pay, the DoT official said that the court gave them three months to do so and even after missing January 23 deadline telecom operators had sufficient time to calculate their dues. "Before the due date, DoT has sent telecom operators 4 notices and reminders to pay to avoid punitive action under license condition. After court order on modification plea, telecom players are not left with any excuse to delay the payment and the DoT can take action against them without serving any further notice," the source said. The apex court pulled up telecom operators and the government on non-payment of AGR dues despite its order. It has asked managing directors and directors of the company to be present in person before court on the next hearing, scheduled for March 17, in case there is violation of its order in the AGR case. Public sector companies, that do not sell telecom services, owe DoT around Rs 2.65 lakh crore, with GAIL India alone owing around 65 per cent of the total amount. However, these PSUs have the option to approach court for a legal recourse. PRS RVK

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Reliance Jio net profit jumps 62.5% to Rs 1,350 cr in Dec qtr

PTI

CoS on telecom relief package disbanded: Govt Source

PTI

Oust Vodafone's board for a new one like in IL&FS and DHFL says former finance secretary

PTI

Mukesh Ambani joins his peers to end the cheap data party for Indians

Katya Naidu

Airtel, Voda Idea, Tata Tele likely to pay AGR dues on Monday: DoT sources

PTI

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