Reliance Industries (RIL) chairman and managing director Mukesh Ambani on Thursday said that Reliance Jio has doubled its subscriber base to 215 million in 22 months and is all set to launch much talked-about fibre-to-the-home broadband services JioGigaFiber on August 15.
Addressing the shareholders at the 41st Annual General Meeting of RIL, Ambani said: “As India starts on its high growth journey to double the size of its economy by 2025, I assure you that the size of Reliance will more than double in the same period.”
Describing this as the company’s “golden decade”, he also said that its consumer business is poised to contribute equally to overall earnings as the energy and petrochemical businesses.
The company currently has more than 25 million JioPhone users.
Announcing that the company’s fixed line broadband service, JioGigaFiber, Ambani said: “We will now extend fiber connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously across 1,100 cities to offer the most advanced fiber-based broadband connectivity solutions.”
Starting this Independence Day, August 15 people can start registering for JioGigaFiber through both MyJio and Jio.com.
“Your company has already invested over Rs 250,000 crore for creating state-of-the-art digital infrastructure to provide mobile and broadband connectivity across the country, with the largest fiber footprint,” Ambani said.
Isha Ambani and Akash Ambani unveiled the JioGigaFiber.
He said for homes JioGigaFiber means ultra high-definition entertainment on large screen TVs, multi-party video conferencing from living room, voice-activated virtual assistants, virtual reality gaming, digital shopping and immersive experiences.
“For merchants and small businesses, fixed-line broadband means: when you combine fixed-line connectivity with the agility and customer obsession of a small owner-driven business, you empower them to compete on level terms with larger businesses.
“For large enterprises, fixed-line broadband will means: Having the ability to compete in the global marketplace, using digital tools and techniques that are powering the Fourth Industrial Revolution,” he added.
The company also said it would launch JioPhone2 on August 15, which will be available along with the existing JioPhone.