Tag: Jio AirFiber

  • Jio AirFiber set to be unveiled in September

    Jio AirFiber set to be unveiled in September

    Mumbai: Reliance Industries chairman Mukesh Ambani revealed in a virtual annual general meeting that Jio will launch Jio AirFiber, its fixed wireless access offering on 19 September. Jio, which has 50 million 5G users, shall have a pan- India coverage by December 2023. It will also be among the first globally to put 6G competencies in place, as per media reports.

    The launch of Jio AirFiber comes on the heels of its rival, Bharti Airtel launching its own device commercially, and is anticipated to swell the former’s addressable market to over 200 million high-paying homes and premises, over the next three years.

    Mukesh also brought out that “providing last-mile connectivity is a painstaking process in most parts of our country,” and that’s where the fixed-wireless broadband offering, Jio AirFiber, would play a role. Additionally, he pointed out that Jio has more than 450 million subscribers, say reports.

    As of now, the pricing of the new offering is under wraps. The new service is expected help the telco multiply its connected premises to 1,50,000 connections per day, which is a 10-fold growth from 15,000 premises a day that optical fibre would allow.

    Mukesh also underlined the in-house developed Jio 5G stack which possesses features like standalone 5G architecture, network slicing, carrier aggregation, and AI/ML capabilities.

    Jio’s 5G customer has reached 50 million since the October 2022 launch, and Jio 5G is already present in over 96 per cent of the census towns of the country.

    Reliance Jio chairman Akash Ambani also spoke about the telco building a ‘transformative platform’ which will alter the way Indian enterprises, small businesses, and tech start-ups work with the digital world.

    He also announced the Jio True5G Developer Platform – a comprehensive platform combining the 5G network, edge computing, and a spectrum of applications and services.

  • Reliance AGM 2023: Highlights key announcements at the 46th Annual General Meeting

    Reliance AGM 2023: Highlights key announcements at the 46th Annual General Meeting

    Mumbai: Reliance Industries Ltd. today in its 46th annual general meeting on 28 August 2023, just like in the previous AGMs, investors are anticipating significant revelations during this yearly event. This occasion holds added significance as it marks RIL’s inaugural AGM subsequent to the listing of Jio Financial Services (JFSL) shares on various stock exchanges.

    RIL chairman and managing director Mukesh Ambani, made a series of announcements including the company’s plans to roll out 5G services by December 2023, high-profile partnerships with Meta and Google, and the AirFiber service.

    Ambani has announced that Jio AirFiber will be launched on Ganesh Chaturthi. Also Akash Ambani has introduced Jio Smart Home services. Over the past few years, major groundbreaking declarations from the Ambani conglomerate have consistently been unveiled during the RIL AGM. Consequently, this occasion has assumed a pivotal role on Dalal Street.

    Mukesh Ambani said, “Jio Platforms is already providing end-to-end professional and managed services for all businesses of RIL group, including Telecom, Retail, Media, and Fin Services. It is ideally placed to offer these services outside the RIL group.”

    He continued, “For the first time, IPL was streamed free on JioCinema. It created a global record with a staggering 45 cr viewers tuning in. More people watched IPL on digital devices than on linear television, marking a tectonic shift.”

    It is widely anticipated that Mukesh Ambani will present a strategic plan for the financial services sector, building upon the recent $300 million collaborative agreement with BlackRock, the world’s largest asset management firm. This partnership is geared towards establishing a digital-centric approach, with the goal of making investment solutions accessible to a broader range of Indian investors.

    During the announcement of the financial results for the June quarter, Reliance Jio expressed its commitment to achieving a nationwide 5G rollout across India by the end of this year, as reiterated during the Annual General Meeting (AGM). Moreover, shareholders are keen to gain insights into the company’s investment strategies for the present year and the specific areas of concentration for its expansion endeavors.

    Reliance AGM 2023- Key things to look for:

    Plans for Jio Financial

    5G Roadmap

    Reliance Retail IPO

    Reliance Jio IPO

    Renewable energy plans

    Reliance Jio Infocomm IPO