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Home News Jio to generate about Rs 213 bn revenue for current fiscal: Moody's

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Jio to generate about Rs 213 bn revenue for current fiscal: Moody's

Jio to generate about Rs 213 bn revenue for current fiscal: Moody's

Wednesday, April 5, 2017, 6:35 PM

Newcomer Jio's 72 million paid customers are "credit positive" for parent Reliance Industries as subscriber enrolment reduces cash flow uncertainty of the telecom business, Moody's Investors Service said. Moody's calculation shows that Jio will be able to generate revenue of about Rs.213 for the current financial year, assuming all 72 million users pay Rs 303 per 28 days between July 2017 and March 2018.
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