JioAirFiber to be launched on Ganesh Chaturthi: Mukesh Ambani

Reliance Jios 5G services marks the fastestever rollout of this scale anywhere in the world and the company is on track to cover the entire country with the ultrahighspeed network by December this year RIL Chairman Mukesh Ambani said on MondayJioAirFiber will be launched on Ganesh Chaturthi September 19 Ambani said at the 46th AGM of Reliance IndustriesJio customer base has crossed 450 million Its 5G network covers 96 per cent of towns and the company is on track to cover the entire country by DecemberJios overall customer base has now crossed the milestone of 450 million subscribers reflecting a yearonyear revenue growth of over 20 per cent he saidThe peruser data consumption on Jios network has surged with the average user now consuming over 25 GB every monthAmbani said that Jio was launched seven years ago with a mission to transform India into a Premier Digital Society and added we have invested our heart and soul into building a Digital Public Infrastructure which the entire world has begun to admireJio has been the main catalyst of New Indias spectacular digital transformation he assertedNow our ambitions are even higher and they go beyond the shores of India as I shall explain Lets first discuss Jio True 5G our pioneering 5G broadband offering We began our 5G rollout last October In just nine months Jio 5G is already present in over 96 per cent of the census towns of our country Ambani saidJio is on track to cover the entire country by December this yearWith over 50 million 5G customers Jio is already leading in 5G adoption in India Ambani saidAlso read Reliance FY23 report Rs 97T revenue Rs 15T EBITDA 334 per cent export surgeAnd we are the only company with the capacity to smoothly transition our entire 4G customer base to 5G with minimal additional capital expenditure With the growing adoption of Jio 5G we are also seeing an increasing trend of highARPU postpaid customers choosing Jio as their preferred network Ambani saidMeanwhile Ambanis children Isha Akash and Anant on Monday were appointed on the board of his energytotechnology conglomerate Reliance Industries Ltd in what is seen as a clear path of succession planning at Indias most valuable companyThe board of Reliance met ahead of the companys annual general meeting to approve the appointment of twins Isha and Akash as well as Anant as the nonexecutive directors of the company the firm said in a stock exchange filingLast year the 66yearold tycoon had made way for his firstborn Akash Ambani to become the chairman of Indias largest mobile firm Reliance Jio Infocomm LtdAmbani however continued to be the chairman of Jio Platforms the firm that holds Reliance Jio InfocommAkashs twin sister Isha 31 was identified for Reliances retail arm and the youngest sibling Anant for the new energy business Agencies