Reliance Industries Chairman Mukesh Ambani speaks during the 46th Annual General Meeting of Reliance Industries Limited, on August 28, 2023.
| Photo Credit: PTI
Reliance Jio’s 5G services marks the fastest-ever rollout of this scale anywhere in the world, and the company is “on track” to cover the entire country with the ultra high-speed network by December this year, RIL Chairman Mukesh Ambani said on August 28.
JioAirFiber will be launched on Ganesh Chaturthi, September 19, Mr. Ambani said at the 46th AGM of Reliance Industries.
Jio customer base has crossed 450 million. Its 5G network covers 96 per cent of towns and the company is on track to cover the entire country by December.
“Jio’s overall customer base has now crossed the milestone of 450 million subscribers, reflecting a year-on-year revenue growth of over 20 per cent,” he said.
The per-user data consumption on Jio’s network has surged, with the average user now consuming over 25 GB every month.
Mr. Ambani said that Jio was launched seven years ago with a mission to transform India into a Premier Digital Society, and added “we have invested our heart and soul into building a Digital Public Infrastructure which the entire world has begun to admire.” Jio has been the main catalyst of New India’s spectacular digital transformation, he asserted.
“Now our ambitions are even higher — and they go beyond the shores of India, as I shall explain. Let’s first discuss Jio True 5G, our pioneering 5G broadband offering. We began our 5G rollout last October. In just nine months, Jio 5G is already present in over 96 per cent of the census towns of our country,” Mr. Ambani said.
Jio is on track to cover the entire country by December this year.
With over 50 million 5G customers, Jio is already leading in 5G adoption in India, Mr. Ambani said.
“And we are the only company with the capacity to smoothly transition our entire 4G customer base to 5G, with minimal additional capital expenditure. With the growing adoption of Jio 5G, we are also seeing an increasing trend of high-ARPU, post-paid customers choosing Jio as their preferred network,” Mr. Ambani said.
