Mukesh Ambani speaks up, makes this claim about Reliance Jio

By: |
New Delhi | Published: September 7, 2017 4:37:15 AM

Congratulating Reliance Jio employees on the telecom operator completing a year of operations, Reliance Industries chairman Mukesh Ambani has said the new entrant, besides breaking several records, has also debunked the myth that India is not open to new technologies.

Mukesh Ambani, Reliance Jio“In the past one year, we have broken several records, both in India and globally. But, what gives me the biggest personal satisfaction is to have broken the myth that India is not ready to adopt advanced technology,” Ambani said in an e-mail to Jio employees.

Congratulating Reliance Jio employees on the telecom operator completing a year of operations, Reliance Industries chairman Mukesh Ambani has said the new entrant, besides breaking several records, has also debunked the myth that India is not open to new technologies.

Reliance Jio commenced commercial operations from September 5 last year.

“In the past one year, we have broken several records, both in India and globally. But, what gives me the biggest personal satisfaction is to have broken the myth that India is not ready to adopt advanced technology,” Ambani said in an e-mail to Jio employees on Tuesday.

Jio, which amassed 100 million subscribers in just 170 days, has a total subscriber base of more than 123 million and a market share of 10.39% as of June 2017.

Besides, the company claims its subscribers consume more than 100 crore GB data per month and is already carrying five times more data than all other telecom players put together in India.

Ambani further said, “Together we have created the largest end-to-end-all-IP 4G network in the world. It is a proud testament to your intense preparedness and undefeatable will that India has adopted Jio as its own.

This is also reflected in the gigantic spurt in data consumption and customer numbers on our network, and the way our technology, network and the entire infrastructure has held up to it”. The way India has embraced 4G technology and the way it is being used is already a case study for quantum technology leaps, he noted.

As on August 2016, the total wireless broadband subscribers were about 154 million, but after Jio entered the market this base has grown exponentially and according to Trai data the wireless broadband subscriber count was around 282 million as on June 2017.

Jio is already the country’s largest mobile broadband services provider with 123.36 million subscribers followed by Bharti Airtel (55.34 million), Vodafone (41.14 million), Idea Cellular (26.37 million) and BSNL (21.76 million) as of June 2017.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

FinancialExpress_1x1_Imp_Desktop