Telecom operator Reliance Communications will invest about Rs 1,500-2,000 crore in the current fiscal to increase its data business, a top official has said. “We will invest in the range of Rs 1,500-Rs 2,000 crore this fiscal. Our focus area would largely be to increase data revenue,” RCom Chief Executive Officer for Consumer Business Gurdeep Singh told PTI. Also Read - RCom to go for insolvency resolution process after failure to repay debt
The company on Friday reported a 46 percent jump in its net profit at Rs 228 crore mainly due to increased revenue from wireless Internet business and rise in post paid customers. RCom has already raised $300 million early this month for capital expenditure. Also Read - Reliance Communications completes sale of fibre assets to Reliance Jio
Contribution of non-voice segment, largely dominated by data, rose to 25.2 percent of the revenue during Q4-FY15, up from 23.5 percent during the same period a year ago. RCom’s average data usage per subscriber is the highest in the industry at 893MB, Singh said. Also Read - Reliance Communications is selling more bands to Jio to put off debts
As per RCom data, its total data or Internet customer base has increased by 26.2 percent year-on-year to 33.7 million, including 17.4 million 3G customers.