Mumbai, July 05: Reliance Industries Ltd (RIL) chairman Mukesh Ambani addressed shareholders at the company’s 41st annual general meeting (AGM).
Mukesh Ambani said, "Reliance will have internet services with a speed of up to Gigabytes per second. Speaking at the company AGM, he said that the fiber-grid is available and the revolutionary changes are coming and these features are given to Indians.
He said that Reliance had 8.9 percent stake in exports from India and the quality of services available to people at the pricing facility.
Ambani said the new services will be expanded on optical fiber-based fixed-line broadband.
Speaking to shareholders, he said that the number of JIO phone customers has increased significantly.
"India ranks low in fixed broadband. The Company has already invested more than 250 million dollars in the industry. We will now extend the service 1100 cities to offer the most advanced fiber-based broadband services. This will mean a faster internet experience. A virtual reality experience for all citizens where you can control switches in your house from outside as well. This will redefine 24*7 emergency help for all homes across India. We are calling this the JioGigaFibre," Ambani added.
We are on track for 99 percent coverage with 4G and LTE in the coverage. We will be serving every individual in districts, villages, and talukas. We have also tracked the fastest network speed based on the TRAI report on data speed. Jio is a customer-obsessed organization. We now have more than 25 million JioPhones in India.
Recalling that India is now ranked 134 in the fix line broadband he said, it would be below 100 within the year.
We are investing the necessary infrastructure for digital infrastructure, already Rs.250crores we have spent. Fiber connectivity is provided to homes, small medium-sized enterprises and will soon begin service in 1,100 cities and towns.
Mukesh Ambani said that cloud applications for cloud operators would provide more fast-service broadband services. Reliance said he was working with the company to create jobs in India.