RIL rolls outs broadband service
After shaking mobile telephony with free voice calls and dirt cheap data, richest Indian Mukesh Ambani on Thursday unveiled an ultrahighspeed fixed...
Mumbai: After shaking mobile telephony with free voice calls and dirt cheap data, richest Indian Mukesh Ambani on Thursday unveiled an ultra-high-speed fixed line fibre broadband, JioFibre, for homes and enterprises across 1,100 cities and announced plans for an e-commerce platform that may rival likes of Amazon.
The new offerings alongside the strengthening of the mainstay energy and petrochemicals business will help double size of oil-to-telecom conglomerate Reliance Industries to $125 billion by 2025, he told the company's shareholders.
Ambani said customers can start registering for the fixed line broadband from August 15 but did not give a launch date of the service, which will through one fibre provide high-speed internet, ultra-high definition entertainment on large screen TVs, multi-party video conferencing, voice-activated virtual assistance, virtual reality gaming and digital shopping as well as smart home solutions.
Jio GigaFiber will offer ultimate broadband experience to surf, stream, game, and work, because of its ultra-fast upload and download speeds and effective functioning in milliseconds. It will come directly to homes unlike in most cases where the fibre reaches only until the building and the last few meters of end connectivity is done using the traditional cable, which drastically reduces the speed and user experience due to patches and inferior cable qualities of such patch up.
Jio, Reliance's telecom service firm, will move India to top five nations in fixed-line broadband in the coming year, Ambani said but did not give pricing of the new offering or its launch date. "We are currently running beta trials in tens of thousands of homes," he said.
He said old feature phones can be exchanged for the new JioPhone for just Rs 501 under the new offering called Jio 'Monsoon Hungama'. In the last one year, Jio customer base has doubled to 215 million, and 25 million JioPhone sold, he said, adding that the target is to achieve 100 million JioPhone users in shortest span of time. "Reliance has reached an inflection point," he said. "As the Golden Decade rolls on, our consumer businesses will contribute nearly as much to the overall earnings of the company as our energy and petrochemical businesses".