Jio Witnessed 22 Million Heavy Voice Subscribers Churn in Last Quarter: SBI Caps Securities

Reliance Jio witnessed churn of 22 million heavy voice subscribers and its ARPUs have not improved despite tariff hikes as most of the subscribers are on the 84-day plan, analyst firm SBI Caps Securities has said, adding that net subscriber adds were muted due to churn of heavy voice users.

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