After disrupting the Indian mobile telephony market, Reliance Jio is all set to storm the wired broadband market with its commercial launch slated to be announced during Reliance Industries’ (RIL’s) annual general meeting on August 12, reported The Hindu.
The company plans to introduce its GigaFiber services, which would include home broadband, entertainment, and smart home IoT (Internet of things) solutions.
“The commercial launch of fibre-to-the-home (FTTH) services is likely to be announced during company’s AGM next month,” a source in the know of the development said The Hindu.
Asked for comments, a senior RIL official neither confirmed nor denied the report.
“Wireline network connectivity in India continues to remain underserved. Jio is working towards serving the need for better connectivity with its GigaFiber services. Jio, with its FTTH services, has set a target of connecting 50 million homes across the country,” Mukesh Ambani, chairman, RIL, had said in a letter to shareholders.