Reliance Industries (RIL) Chairman and Managing Director Mukesh D. Ambani announced that Jio has doubled its subscriber base to 215 million in 22 months and will soon launch much anticipated fibre-to-the-home broadband services JioGigaFiber.
The announcement was made at the 41st Annual General Meeting of RIL. "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,” added Ambani.
The company currently has over 25 million JioPhone users.
"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,” Ambani emphasised
Consumers who want to avail JioGigaFibre services can register for services via MyJio and Jio.com, starting August 15. Isha Ambani and Akash Ambani unveiled the JioGigaFiber.
According to Ambani. 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 announced to launch second generation JioPhone2 on Independene Day (August 15), which will be available along with the existing JioPhone and will have WhatsApp, YouTube and Facebook.
"Today we are introducing another attractive offer to feature phone users. It is the JioPhone "Monsoon Hungama" offer. Starting July 21... they can exchange their existing feature phone for a brand new JioPhone for just Rs 501! We have thus reduced the effective entry cost of the JioPhone from Rs 1,500 to as low as Rs 501. Starting August 15, our JioPhone2 will be available at an introductory price of only Rs 2,999,” Ambani commented.
"With the added functionalities and strong retail presence across India, the goal that I have now set for our Jio team is to enable 100 million users on this JioPhone platform in the shortest possible time and create another world record," he added.
According to Ambani, the platform will bring together the 35 crore customer base of Reliance Retail stores, 21.5 crore Jio connectivity users and a targeted 5 crore Jio "GIGA-HOMES"; and the "3 crore small merchants and shop-keepers all over India who provide the last-mile physical market connectivity".
"Hence, we will integrate the physical and digital marketplaces in a uniquely collaborative Bharat-India Jodo enterprise," Ambani said.