Reliance AGM 2023: Reliance Jio has announced that the AirFiber service would be launched on September 19, coinciding with the auspicious celebration of Ganesh Chaturthi. Mukesh Ambani made the statement at the company's 46th Annual General Meeting.
With lofty goals in mind, Reliance Jio intends to facilitate the supply of 150,000 connections every day.
The company plans to expand this innovative network to meet the needs of over 200 million customers, leveraging the extensive reach of its nationwide 5G network.
Mukesh Ambani stressed Jio AirFiber's revolutionary feature, which seamlessly links with the nationwide 5G infrastructure, eliminating the need for intricate last-mile fiber connections.
This novel strategy has the potential to greatly accelerate the spread of internet connectivity across many geographies.
This upcoming launch comes on the heels of the initial announcement of Jio AirFiber at the previous year's AGM, demonstrating Reliance Jio's dedication to technical innovation.
JioFiber enters the market as a significant competitor to Airtel's recently introduced Fixed Wireless Access offering, Airtel Xstream AirFiber.
JioFiber's core idea relies around a plug-and-play 5G broadband router, which eliminates the need for cumbersome wires and wiring.
Users will simply require the JioFiber device to seamlessly connect to Reliance Jio's True 5G service.
Users may quickly create their own personal Wi-Fi hotspot by just plugging in and activating the JioFiber device, leveraging the prowess of True 5G technology to experience blazing-fast internet speeds.
This ground-breaking solution offers fast and efficient access for homes and businesses, ushering in an era of Gigabit Internet.
Reliance Jio has also released a line of Smart Home products that work in tandem with the JioFiber and Jio AirFiber ecosystems.
Furthermore, the business has announced a new Jio Set-Top Box, which will serve as a doorway to a plethora of entertainment alternatives, including television channels, streaming content, immersive large-screen games, and a wide range of digital apps.
Meanwhile, Nita Ambani has submitted her resignation from the Reliance Board.
Isha Ambani, Akash Ambani, and Anant Ambani have been nominated to serve as non-executive directors of the firm as part of the proposed transition.
This recommendation is set to be approved by shareholders. Nita Ambani will continue to contribute her important insights as a permanent invitee to all RIL Board meetings in her capacity as Chairperson of Reliance Foundation, ensuring that her knowledge continues to assist the company's trajectory.
