After shaking the mobile telephony market with free voice calls and dirt cheap data, richest Indian Mukesh Ambani today announced plans to launch ultra high speed fixed line broadband services for homes and enterprises.
Speaking at the company’s 41st annual general meeting, Ambani said the service will provide ultra high definition entertainment on TV, voice activated assistance, virtual reality gaming and digital shopping as well as smart home solutions.
“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,” he said.
Its launch in September 2016 has made India the highest mobile data consuming nation.
The Jio phone, which was offered on payment of are fundable security deposit only, will provide Whatsapp, Facebook and Youtube commercially from August 15 this year, he said.
The service will be called ‘Jio GigaFiber Service’.
Ambani targets 100 million Jio phone users in ‘shortest possible time’. Registration for fixed line broadband service will begin from August 15, Ambani said.
He also announced that Jio Phone Monsoon Hungama starting July 21, where feature phones can be exchanged for Jio Phone for Rs 501.
Reliance, he said, has reached an inflection point with consumer business contributing as much as its energy and petrochemical.
The registrations will start from August 15.