Entrepreneurial clutch or Jio-Tele muscle
By Owais Qazi
An entrepreneur has a power to change the every aroma going inside the country. He’s a person taking the responsibility to build the nation and it’s economic conditions, in note entrepreneurs has a right hand in building the economy of a nation and they boots it more and more in coming times.
Whenever we’re heading the discussion concerned with entrepreneurship, we can’t desolate the legacy of Mr. Mukesh Ambani as he is the most potent business person in the largest democracy (India). Sir Mukesh Ambani emerged the limb of ‘Reliance Telecommunication’ to the well-known ‘Jio-Tele and announced the free of cost usage carnival inside the state (in middle of 2016) and is still continuing till 31 of March 2017.
Initiation of jio free communication was just like a volcanic eruption throughout the country, every individual from each corner of the state came out with ‘Aadhar’ identification because that was the only proof Jio-Tele-verification demanded to start a connection. In the time of 7 or 8 months jio service nailed every bit in the telecommunication market and banged the oppositions with a high margin, that’s the reason you’ll find the reduction of rates from every telecommunication company to counter jio but unfortunately they couldn’t even compete with jio section. Reliance Jio claimed that it has created “a world record” by crossing the 16 million subscriber mark in its first month of operations — September.
Jio, a new entrant in the 4G market, has achieved this growth faster than any other telecom operator or start-up in the world, including the likes of Facebook, WhatsApp and Skype, Reliance Jio Infocomm said in a release.
Reliance Industries Limited (RIL) released its report on Q3 (FY 2016-17) Financial and Operational Performance – specifically the quarter ending on December 31, 2016. The company had some interesting statistics to reveal, such as the latest Reliance Jio subscriber figures, as well as quarterly sales figures of its Lyf-branded smartphones.
Detailing Reliance Jio Infocomm’s subscription figures, RIL said that in less than four months since the commencement of services on September 5, it had reached 72.4 million subscribers as of December 31. To recall, Reliance Jio had crossed the 50-million subscriber milestone in just 83 days since launch back in November – adding an average of 600,000 subscribers a day. Back in October, RIL Chairman Mukesh Ambani had said that Reliance Jio had a target of 100 million subscribers “in the shortest possible time” – and it looks to be on track.
“This level of growth has been unprecedented on any mobile network anywhere in the world, and is a testimony to the comprehensive digital ecosystem that Jio has created and its promise of enabling millions of Indians to add value to their daily lives. Jio continues to transform the industry paradigm by revolutionising the customer journey from on-boarding to usage by offering services and applications which have substantially enhanced customer experience,” RIL said in its press release.
RIL also mentioned that its long-contested points of interconnection (POI) issue with other telecom operators had yet to be settled, and that it was still facing interconnection congestion issues. “The POI capacity provided by these operators is still way below requirement and is falling short of the customer addition pace of Jio, resulting in quality of service issues for Indian customers. The resultant call failure rates continue to be of the order of 175 calls failing out of every 1,000 calls from Jio to Airtel network when the QoS regulations mandate that no more than 5 calls out of every 1,000 calls can fail. Indian customers are still being denied the benefits of superior voice technology on Jio’s state-of-the-art network.”
Finally, detailing the quarterly Lyf-brand smartphone sales figures, the company said Reliance Retail’s device distribution business sold 2.8 million Lyf devices and accessories during the quarter. (Source: NDTV)
This is how an entrepreneur can turn the stuff around. Business persons be it a small entity holder or large both are significant for the betterment of nation and the economy.
We people of Jammu and Kashmir presents a great ‘Thank you’ to the entire Reliance Limited for providing the best service ever.
(The author can be reached at firstname.lastname@example.org)