Home Business Telecommunications India's richest man to launch fibre broadband service on 15 August

India will have a new fibre broadband service across 1100 cities from 15 August, with Mukesh Ambani, the country's richest man and owner of Reliance Industries, announcing that his company would move into broadband.

The last expansion of Ambani's empire was into mobile services, with the tycoon offering free voice calls for life, according to a report in phys.org.

Ambani told investors at the company's annual general meeting last week that the broadband venture being planned would be the "most advanced" in the country.

"We will now extend fibre connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously," he said.

When Reliance launched its Jio mobile network in September 2016, it sparked a price war and competitors rushed to consolidate.

Ambani said Jio now had 215 million customers, adding that the new broadband service would be known as Jio Giga Fibre.

"While India has pole-vaulted into global leadership in the mobile broadband space, we still lag behind significantly in fixed-line broadband. Jio is determined to move India to among the top five in fixed-line broadband, too," he said.

Broadband suppliers in India include Bharti Airtel, Tata Docomo and the Indian Government-owned BSNL.

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Sam Varghese has been writing for iTWire since 2006, a year after the sitecame into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

 

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