Mukesh Ambani's Reliance Jio Infocomm is gearing up for High-speed fiber broadband as well as TV services launch slated for early 2018 release.
Reliance Jio is planning its next big disruption. After its successful launch of mobile services, the company is planning to target the broadband and television space.
Billionaire Mukesh Ambani’s Reliance Jio Infocomm is gearing up to launch high-speed fiber to the home (FTTH). Broadband services by early next year. The broadband services includes television services as well as internet in more than 30 cities, the Business Standard reported.
The company has already chalked out plans for the launch. The feature plans to cater to over 100 million TV households in cities including Tier II and III. Initially it has set a target to offer services to at least 50 million households. Meanwhile the arrangement will be through a dense fibre network, sources aware of the development gave reports.
The firm already controls optic fibre of over 300,000 kilometres. Nearly half of which is through a long-term contract with Anil Ambani’s Reliance Communications.
Earlier, while delivering speech in the annual general meeting, Reliance Industries’ Chairman Mukesh Ambani, indicated that Jio was on track to offer high-speed broadband services. Also the infrastructure was in place and it would be the next big monetisation opportunity for the company.
Just like how Reliance Jio was launched last year, Jio broadband will also see similar launch. The services will kick-off with premium offers to woo customers.
The company will offer ultra-high speed of up to 1 gigabit per second, set-top box as part of the package, which will be a home entertainment hub – offering TV channels, high-end gaming, video on demand, sources said.