Moghul.1590 23026M added on the most efficient network in the world. Open Signal testers were able to access an LTE signal 96.4% of the time. That's more than comparable testing on any of the U.S. carriers. Jio pledges to reach 99% of the 1.3B Indians by the end of 2018.

The secret sauce is a state of the art all-IP 4G network that delivers data for ~$0.05 per marginal gigabit. The network cost > $20B to build, but once in place has very low marginal costs. The 150,000 base stations are two or three times as many as Verizon or AT&T, many with Massive MIMO.

They control 300,000 kilometers of domestic fiber and a share of 25,000 kilometers of undersea international.

They haven't released many details on NFV & SDN, but they are using the latest. There are no legacy 2G & 3G networks to support. All calls are VoLTE. They are soon to close on the $4B purchase of 43,000 towers, 178,000 more kilometers of fiber and spectrum.

They have a $B music service, aggressive video plans possibly including Netflix, and a complete line of consumer products on the way. They'll need - and expect - much of the long run profit to come from more than data.

The claimed $140M operating profit may be a stretch because of an unusual depreciation method, but the financial results are remarkable. Jio is conclusive proof that a high volume/low price strategy can work.

In 2014, I asked Carlos Slim whether a similar low cost/high volume model could work in Latin America. Xavier Niel proved it out in France, becoming a multi-billionaire. Indonesia & Thailand, as well as India, are headed in the same direction.

Data isn't free, but it's so cheap everyone can have plenty.

  

 Q1 From Jio

POSITIVE NET INCOME IN THE FIRST YEAR OF COMMERCIAL OPERATIONS; NET PROFIT FOR THE YEAR AT ` 723 CRORE

ROBUST FINANCIAL PERFORMANCE IN A COMPETITIVE MARKET ENVIRONMENT

SUSTAINED GROWTH IN SUBSCRIBER BASE TO 186.6 MILLION

STRONG CUSTOMER TRACTION ON DIGITAL OFFERINGS

DATA CONSUMPTION AT RECORD 506 CRORE GB IN THE QUARTER; 17.4% Q-O-Q GROWTH IN DATA CONSUMPTION

WORLD’S FASTEST GROWING & MOST EFFICIENT DIGITAL SERVICES PLATFORM HIGHLIGHTS OF QUARTER’S (Q4 – FY 2017-18) PERFORMANCE

  • Jio has continued its strong subscriber growth trend with net addition during the quarter of 26.5 million (as against 21.5 million in the previous quarter)

  •   Gross adds at 27.9 million and churn of only 1.4 million implying the lowest industry churn rate at 0.25% per month

  •   Jio subscribers continue to demonstrate high activity level with average data consumption per user per month of 9.7 GB and average voice consumption of 716 minutes per user per month

  •   Continued expansion of 4G network coverage and further deepening in existing areas to achieve 99% population coverage during 2018

  • World’s largest mobile data consumption network 

  • Ranked fastest network over last 15 months by TRAI’s MySpeed Analytics app (average download speed of 17.9 Mbps during March 2018, as per TRAI)

 

Standalone Financials (` crores)

4Q’ 17-18

3Q’ 17-18

QoQ Growth

Value of Services

 

8,404

 

8,114

 

3.6%

Operating revenue

 

7,128

 

6,879

 

3.6%

EBITDA

2,694

 

2,628

2.5%

EBITDA margin

 

37.8%

 

38.2%

 

-1.1%

EBIT

1,495

 

1,436

4.1%

Net Profit

 

510

 
 

504

 
 

1.2%

􏰀 Standalone revenue from operations of ` 7,128 crore (3.6% QoQ growth)
􏰀 StandaloneEBITDAof`2,694crore(2.5%QoQgrowth)andEBITDAmarginof37.8% 􏰀 Standalone Net Profit of ` 510 crore
􏰀 Subscriber base as on 31st Mar-18 of 186.6 million
􏰀 Lowest churn in the industry at 0.25% per month
􏰀 ARPU during the quarter of ` 137.1/ subscriber per month
􏰀 Total wireless data traffic during the quarter of 506 crore GB
􏰀 Total voice traffic during the quarter of 37,218 crore minutes

dave ask

Newsfeed

The 3.3-4.2 spectrum should be shared, not exclusively used by one company, concludes an important U.S. Defense Innovation Board report. If more wireless broadband is important, sharing is of course right because shared networks can yield far more

It does work! Verizon's mmWave tests over a gigabit in the real world. 
The $669 OnePlus 7 Pro outclasses the best Apples and probably the new Galaxy 10 or Huawei P30 Pro. Optical zoom, three cameras, liquid cooling, Qualcomm 855 and more.
Korea at 400,000 5G May 15. Chinese "pre-commercial" signing customers, 60,000-120,000 base stations in 2019, million+ remarkable soon. 
5G phones Huawei Mate 20, Samsung Galaxy 10, ZTE Nubia, LG V50, and OPPO are all on sale at China Unicom. All cost US$1,000 to 1,500 before subsidy. Xiaomi promises US$600.
Natural monopoly? Vodafone & Telecom Italia to share 5G, invite all other companies to join.
Huawei predicts 5G phones for US$200 in 2021, $300 even earlier
NY Times says "5G is dangerous" is a Russian plot. Really.
Althiostar raised US$114 million for a virtual RAN system in the cloud. Rakuten, Japan's new #4, is using it and invested.
Ireland is proposing a US$3 billion subsidy for rural fibre that will be much too expensive. Politics.
Telefonica Brazil has 9M FTTH homes passed and will add 6M more within two years. Adjusted for population, that's more than the U.S. The CEO publicly urged other carriers to raise prices together.
CableLabs and Cisco have developed Low Latency XHaul (LLX) with 5-15 ms latency for 5G backhaul,  U.S. cable is soon to come in very strong in wireless. Details 
Korea Telecom won 100,000 5G customers in the first month. SK & LG added 150,000 more. KT has 37,500 cells. planning 90% of the country by yearend. 
The Chinese giants expect 60,000 to 90,000 5G cells by the end of 2019.
China Telecom's Yang Xin warns, "Real large-scale deployment of operators' edge computing may be after 2021." Customers are hard to find.
Reliance Jio registered 97.5% 4G availability across India in Open Signal testing. Best in world.

More newsfeed

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Welcome On Oct 1, 2019 Verizon turned on the first $20B 5G mmWave network with extraordinary hopes. The actual early results have been dismal. Good engineers tell me that will change. Meanwhile, the hype is unreal. Time for reporting closer to the truth.

The estimates you hear about 5G costs are wildly exaggerated. Verizon is building the most advanced wireless network while reducing capex. Deutsche Telekom and Orange/France Telecom also confirm they won't raise capex.

Massive MIMO in either 4G or "5G" can increase capacity 3X to 7X, including putting 2.3 GHz to 4.2 GHz to use. Carrier Aggregation, 256 QAM, and other tools double and triple that. Verizon sees cost/bit dropping 40% per year.

Cisco & others see traffic growth slowing to 30%/year or less.  I infer overcapacity almost everywhere.  

Believe it or not, 80% of 5G (mid-band) for several years will be slower than good 4G, which is more developed.