RELIANCE 46TH AGM HIGHLIGHTS
Reliance JIO 5G across
India by December,wireless net Launch in September
Airfibre to provide
high speed internet using 5G Network
Reliance Industries chairman
Mukesh Ambani on Monday announced the launch of JIO Air Fiber on Ganesh
Chaturthi (September 19) which would provide high speed broadband services to
homes over the air without the need for ground fiber to reach the last mile.
He added that national 5G rollout
will be completed by the end of this year.
Jios customer base has now
crossed the mile stone of 450 million subscribers reflecting a year on year
revenue growth of over 20%.Peruser data consumption on Jios network has also surged with the average user now
consuming over 25GB every month.This translates to monthly data traffic of 1100
crore GB’s representing a 45% year on year growth.Ambani said at the 46th
AGM of Reliance Industries.
Jio Air Fiber uses our pan India
5G network and advanced wireless technologies to bypass need for last mile
fiber.Through optical fiber,we can currently connect around 15000 premises a
daily.With Jio Airfiber we can supercharge this expansion with upt to 150000
connections per day.That is a10 fold increase,expanding our Addressable market
over next 3 years to over 200 million high paying homes and premises.
In just 9 months Jio 5G is
present in over 96% of census towns,We are on track to cover entire country by
December this year.This makes JIO 5G fastest ever 5G roll out of this scale
anywhere in the world as said by Mukesh Ambani
chairperson of Reliance Industries.
AMBANI NEXT GNERATION
SET TO ENTER RIL BOARDROOM
ISHA ,AKASH AND
ANANT JOINING THE BOARDROOM
All the above three children will
be inducted on the Board as non executive directors.
RELIANCE TO BUILD WIND
POWER FACTORY
Reliance Industries will expand
into wind power equipment with the help of more established firms to boost the
conglomertes suite of clean energy products.Reliance will partner with global
leaders in the renewable technology to offer cost efficient turbines .The firm
is building a carbon fiber plant in Gujarat to reduce the raw materal expenses
for blades as said by the Mukesh Ambani to all its share holders at the 46th
AGM of Reliance Industries.
