Reliance Jio Net speed will be 80 times faster: Reliance Chairman Mukesh Ambani announced that Reliance Jio net speed will be 80 times faster than our competitors or rivals.
He stated Reliance the group’s telecom arm, Reliance Jio Infocom, is the world’s biggest startup of India with an investment turnover of Rs 150,000 crore, which would offer broadband speeds up to 80 times faster than current offerings at affordable rates to the users.
Report: Reliance Jio Net speed will be 80 times faster
Jio is one of the largest transformational Greenfield digital initiatives anywhere in the world, Ambani told at a Ficci Frames 2016 event in Mumbai recently.
Among India’s top three telecoms, Sunil Mittal-founded Bharti group leads with Rs 2.64 lakh crore invested till December 2015 in telecom ventures, while Vodafone India and Idea CellularBSE 0.60 % have splurged Rs 1.13 lakh crore and Rs 1lakh crore in their respective telecom businesses. All three incumbents have already launched 4G services with market leader Airtel having the most expansive footprint so far in over 350 cities across 15 circles.
Jio would start services with 70% coverage of India from Day 1, and would cover over 90% of the population by 2017, Ambani added. Jio has 4G airwaves in all 22 service areas.
Jio would also ensure its 4G services are affordable to the consumer. Special attention is carried out to increase the tempo of the quantity, quality and coverage for broadband Internet while lowering the cost to the user.
The company’s billionaire owner has previously told that Jio would offer data and voice services at half or less than half the current market rates. The offerings, he had said, would include instant messaging, live TV, movies-on-demand, news, streaming music and a digital payments platform.
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He added that digitisation is the defining trend of this century, the reason why Jio was conceived. “I have no doubt that with the launch of Jio, India’s position will go up from 150 to among the top 10 of mobile Internet rankings in the world.