Mukesh Ambani might reveal commercial launch of JioFiber broadband at RIL’s AGM tomorrow

After interfering with the telecom sector with Dependence Jio, Dependence Jio is betting big on its optic fiber service. The Mukesh Ambani-led Dependence Industries (RIL) might announce the business launch of wired broadband service JioFiber at its 41st annual general conference (AGM) tomorrow. RIL is likely to announce the price strategies for its JioFiber broadband service, inning accordance with reports.

JioFiber, the wired broadband offering of Dependence Jio, has actually currently been presented in select markets across the country. It currently provides fibre-to-the-home (FTTH) broadband connections with 1.1 TB (terabytes) of free data at a speed of 100 mbps.

The AGM of oil-to-telecom corporation will begin at 11:00 AM at Birla Matushri Sabhagar in Mumbai. For the previous 2 years, the RIL’s AGM has become a much-anticipated affair due to big announcements related to Dependence Jio. During last year’s AGM, RIL Chairman Mukesh Ambani announced the launch of ‘complimentary of expense’ JioPhone with a refundable Rs 1,500 security deposit.In May, Livemint

had reported that Dependence Industries( RIL)is likely to invest Rs 60,000 crore into its telecom system this to intensify its war chest as it plans to introduce its broadband services. In 2016, Mukesh Ambani had actually stated that financial investment in the telecom start-up Jio would be around Rs 2,50,000 crore. According to JioFiber, unlike in a regular broadband connection where the fiber reaches just till the building and the last few meters of end connectivity are linked using conventional cable television which minimizes the speed, JioFiber connectivity comes straight to your home. Currently, Jio charges a down payment of Rs 4500 for the ONT device(GigaHub Home Gateway). The deposit will be reimbursed if you select to cease utilizing the JioFiber services. Dependence Jio is using its JioFibre service in choose cities including Delhi-NCR, Mumbai, Ahmedabad, Surat, Vadodara and Chennai to name a few.

Source

https://www.businesstoday.in/sectors/telecom/ril-agm-mukesh-ambani-launch-jiofiber-broadband-reliance-industries/story/279901.html