Jio AirFiber Set For Commercial Launch On September 19, Marking A Significant Step In Connectivity

Ambani disclosed that Jio's customer base has surged past 450 million subscribers, marking a remarkable year-on-year revenue growth of over 20 percent. Notably, the per-user data consumption on Jio's network has surged, averaging more than 25 GB per month.

Ambani underscored that Jio was initially launched seven years ago with the lofty aim of transforming India into a top-tier digital society. He highlighted the company's investment in crafting a robust Digital Public Infrastructure that has earned global admiration. He stressed Jio's pivotal role in driving India's digital transformation.

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Furthermore, Ambani unveiled Jio's ambitions that transcend the Indian borders. He introduced Jio True 5G, the pioneering 5G broadband service, which was rolled out in October. Impressively, Jio's 5G network already covers more than 96 percent of the census towns in India, boasting over 50 million 5G subscribers, positioning the company as a frontrunner in 5G adoption within India.

He accentuated Jio's unique capability to smoothly migrate its entire 4G customer base to 5G with minimal additional capital expenditure. The transition to Jio's 5G network has also witnessed an uptick in high-ARPU post-paid customers choosing Jio as their preferred network.

In summary, Mukesh Ambani's address at the AGM highlighted Reliance Jio's imminent launch of AirFiber on September 19 and its resolute progress toward establishing a comprehensive 5G network across India by December 2023. The company's exceptional growth was underscored by its burgeoning customer base, data consumption rates, and pivotal role in India's digital transformation. Jio's foray into the international arena and its leadership in 5G adoption further solidify its position as a significant player in the telecommunications landscape.