Friday, 12 June 2015

Reliance Jio to launch operations by Dec: Mukesh Ambani

Confident Jio will play a significant role in lifting India from 142nd rank on internet penetration to top 10 in the world, says Mukesh Ambani 

Reliance Industries Chairman Mukesh Ambani said that Rel Jio is one of largest greenfield digital initiatives globally, according to a news on a TV channel.

Jio is now present in all 29 states of India, with a direct physical presence in 18,000 cities and towns of our nation.

Reliance Industries would take up e-commerce initiative for fashion and provide a marketplace platform.

Jio to cover nearly 80% of India's population by year end and seeks 100% India coverage by Jio within next three years.

Addressing the shareholders at the 41st AGM in Mumbai today, “We are expanding Rel Jio to cover 80% of country's population by year-end.”

Jio is the first operator to achieve wireless coverage far in excess the rollout obligation as per its license conditions, Ambani said.

Below are the highlights of RIL chairman Mukesh Ambani's speech:
  • Rel Jio Chat has over 10 lakh active users
  • See 4G LTE devices available at price below Rs.4,000 by year-end
  • Oversupply in crude oil market led to a crash by over 50%.
  • Jamnagar refineries processed 480 Mn bbl crude.
  • Reliance Jio to launch commercial operations around December
  • Jio’s investments are aligned to Government of India’s “Digital India” vision for our nation
  • Key components of Jio broadband network now operational
  • Has presence in all 29 states of India.
  • To cover nearly 80% of India's population by 2015-end.
  • Confident Jio will play a significant role in lifting India from 142nd rank on internet penetration to top 10 in the world
  • To introduce more digital apps in coming weeks
  • People Can Use TV Facility By Downloading Jio Play On Their Phones

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