Mumbai (Maharashtra): Reliance Jio's 5G services marks the fastest-ever rollout of this scale anywhere in the world, and the company is "on track" to cover the entire country with the ultra high-speed network by December this year, RIL Chairman Mukesh Ambani said on Monday.
JioAirFiber will be launched on Ganesh Chaturthi, September 19, Ambani said at the 46th AGM of Reliance Industries. Jio 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 December. "Jio's overall customer base has now crossed the milestone of 450 million subscribers, reflecting a year-on-year revenue growth of over 20 per cent," he said.
The per-user data consumption on Jio's network has surged, with the average user now consuming over 25 GB every month. Ambani 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 admire."
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Jio has been the main catalyst of New India's spectacular digital transformation, he asserted. "Now our ambitions are even higher -- and they go beyond the shores of India, as I shall explain. Let's 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 said.
Jio is on track to cover the entire country by December this year. With over 50 million 5G customers, Jio is already leading in 5G adoption in India, Ambani said. "And 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 high-ARPU, post-paid customers choosing Jio as their preferred network," Ambani said.
Ambani highlights Jio's AI promise 'for everyone'
The ongoing global AI revolution is profoundly transforming our surroundings, said Mukesh Ambani. Jio Platforms aims to take the forefront in crafting AI models tailored for India and delivering AI-driven solutions across various sectors, ultimately extending the advantages of AI to the Indian populace, enterprises, and government, he added.
"India has scale. India has data. India has talent. But we also need AI-ready digital infrastructure that can handle AI's immense computational demands. We stand committed to create up to 2000 MW of AI-ready computing capacity," Mukesh Ambani said. "Seven years ago, Jio promised broadband connectivity to everyone, everywhere. We have delivered. Today Jio promises AI to everyone, everywhere. And we shall deliver," Mukesh Ambani said.
'Reliance invested USD 150 bn in last 10 yrs'
Reliance Industries Ltd has cumulatively invested USD 150 billion in the last 10 years, the biggest by any Indian corporate, Mukesh Ambani said at the company's annual general meeting. He said Reliance has been the forerunner of emerging new India. "We have set seemingly impossible goals and achieved them," he said. (With Agency inputs)
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