According to Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, the launch of JioAirFiber is scheduled to take place on September 19, coinciding with the auspicious festival of Ganesh Chaturthi. This new venture is expected to provide the firm with an additional opportunity for customer value and revenue development inside the currently untapped Indian residential market.
During the 46th Annual General Meeting of Reliance Industries Limited (RIL), Ambani stated that JioAirFiber leverages our nationwide 5G network and sophisticated wireless technology to circumvent the requirement for last-mile fibre connectivity.
Currently, the daily connection of around 15,000 locations is made possible by the utilisation of optical fibre technology. According to the speaker, the implementation of JioAirFiber may significantly enhance the aforementioned development by facilitating a maximum of 150,000 connections per day. This represents a tenfold surge, therefore enlarging the potential market to encompass more than 200 million affluent households and establishments over the next three years.
By implementing fixed-mobile convergence, it is possible to cultivate increased involvement and loyalty among Indian families, particularly those belonging to the premium segment, which is experiencing the most rapid growth in home broadband usage. According to Ambani, this statement also serves as the basis for the extensive acceptance of several Smart Home solutions.
According to Amabni, Jio’s optical fibre infrastructure covers a distance of over 1.5 million km throughout India. The vast magnitude of our operations places us in a unique position, far surpassing our competitors. With our enormous optical fibre infrastructure, we have established a close proximity to over 200 million premises. However, he stated that the process of establishing physical last-mile connection is arduous in the majority of regions inside our nation.
As a result of the intricate and time-consuming process of expanding optical fibre infrastructure to residential areas, a significant number of prospective consumers are now deprived of access to home internet services.
The speaker mentioned that JioAirFiber, their fixed-wireless broadband service, is the solution for the situation at hand.