Mumbai: Reliance Jio Infocomm Ltd (RJio) unleashed the next phase of disruption that could maul existing Internet and cable service providers.
On Thursday, the newest telecom player announced the rollout of its fibre-to-home broadband network—JioGigaFiber—to offer services to homes and businesses across 1,100 cities.
“We will now use fibre connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously across 1,100 cities to offer the most advanced fibre-based broadband connectivity solutions,” said Mukesh Ambani, Chairman, Reliance Industries Ltd (RIL), RJio’s parent firm.
Addressing shareholders at RIL’s AGM here, Ambani said India fared poorly in the fixed line broadband market due to poor infrastructure and RJio will take India to the top five in fixed-line broadband services globally.
It could disrupt the market, triggering a tariff war, much like what the telecom sector witnessed last year when RJio entered the fray. Much like the consolidation in the telecom industry, the Internet and cable services sector too could see incumbent players joining hands to fight the might of RJio.