Reliance Jio Infocomm Ltd has confirmed that it will commercially launch 4G broadband services in 2015 that will cover all states, around 5,000 towns and 2.5 lakh villages in the initial phase. The company is going to invest around INR 70,000 crore in 4G broadband to launch of broadband operations. After 2-3 years, it also plans to invest INR 1,80,000 crore across its business to become a Fortune 50 company.
The firm is also looking to expand international presence and evaluating opportunities to accelerate its business operations in Venezuela.
Recently, it had signed tower sharing deal with VIOM networks and acquired Network 18’s media properties for USD 680 million. In 2013, the company had launched a new online marketplace only for its users.
Also Read: Airtel launches 4G services in Kolkata
NDTV Gadgets says: Reliance is already testing its broadband services in limited field trials, says Ambani, with expanded field trials set to commence in August this year across multiple cities. These trials would continue through the end of 2014 and early part of 2015.
Last year, Ambani had said Reliance would invest more than Rs. 1.5 lakh crores over three years. Ambani noted that in the company’s play for digital services, its recent acquisition of Network 18 Media & Investments Limited and its subsidiary TV18 Broadcast Limited will be a major factor, and will help “differentiate and strengthen our 4G business at the unique intersects of telecom, web and digital commerce, and the media through a suite of premier digital properties.”
Business Today says: RJIL also acquired spectrum in 1800 Mhz band, widely known as 2G spectrum, for Rs 11,054.41 crore in February across 14 out of 22 service areas in country. The company has said that it will use these radiowaves also for 4G services.
“Engaged in this massive endeavour are over 10,000 full time Jio employees, working alongside nearly 30,000 professionals from our partners and vendors from all parts of the world. In addition, there are over 100,000 people working across the country in creating the digital infrastructure backbone for this network,” Ambani said.
During initial trials, RJIL in January showcased broadband speed of 49 megabit per second — which is over 10-12 times more than 3G mobile Internet speed that consumer are getting these days.
To share your views, email at email@example.com.