Reliance Jio interconnect bill may hit Rs 2,400 crore in its first year

KOLKATA: Reliance Jio Infocomm's annual payout towards interconnect charges (IC) at 14 paise/minute could be as high as $360 million (Rs 2,400 crore approx) in its first year of commercial operation, say industry executives and analysts.

The Mukesh Ambani-owned company's estimated interconnect payout, they say, is based on a conservative assumption that the 4G entrant will have at least 30 million customers in its first year with an average monthly minutes of usage (MoU) of 400-600 band.