Mukesh Ambani’s biggest satisfaction on Reliance Jio anniversary: Breaking this big myth

By: |
Published: September 7, 2017 12:54:03 PM

Mukesh has said that Reliance Jio, not only broke numerous records but also debunked one big myth.

jio, Reliance jio, Mukesh Ambani, Jio Mukesh Ambani, Ambani jio, jio anniversary, 1 year of reliance jio, jio news, telecom news, latest news, reliance industriesMukesh Ambani said that there has been a massive rise in data consumption and customer numbers on Reliance Jio. (Image: Reuters)

Reliance Jio has completed one year after RIL Chairman Mukesh Ambani announced it in 2016. The latest entrant in the telecom sector has been a hit among Indians, as it has managed to rake in over 130 million subscribers in just 365 days. After totally disrupting the sector in 1 year, Jio is now planning new things including the highly anticipated Jio feature phone with 4G capabilities. Meanwhile, the RIL boss has said that Jio, not only broke numerous records but also debunked the myth that new technologies cannot come to India. Jio started its operations from September 5 last year, and now on its first anniversary, Ambani has congratulated the company’s employees.

In an email to his employees, Ambani said, “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.” Jio has claimed that its customers use more than 100 crore GB of data per month, and already carries 5 times more data than its rivals combined. Jio had managed to gain over a 100 million subscribers in just 170 days and that is the fastest by any network service provided all over the world. As of June, Jio boasted of having a market share of over 10 percent, in a highly competitive market filled with big players like Vodafone and Airtel.

Also read | Reliance Jio 1st anniversary: 5 ways the telecom sector baby became a giant in 365 days

Ambani, further wrote in the letter: “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” He added that there has been a massive rise in data consumption and customer numbers on its network. He also said that the Jio network has been able to stand up to it.

Also see | Airtel vs Reliance Jio offers: Rs 15 to Rs 399 plans, all tariffs simplified and explained

When it comes to wireless broadband, the number of users before Jio launch was 154 million and in June this year, it was 282 million. With such an exponential rise, Ambani, in the letter, said that India has totally adopted 4G technology and that in itself is a case study. Even in terms of largest mobile broadband services providers, the number of subscribers (according to TRAI data) of Airtel, Vodafone, and Idea Cellular is not even half of what Jio has. Now, with the upcoming JioPhone and other services, Jio is expected to continue and grow.

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