Jio AirFiber to launch on Ganesh Chaturthi, turbocharge home segment: Mukesh Ambani

• Jio AirFiber, a fixed wireless broadband offering will launch on September 19.
• Ambani identified five growth segments for Jio – consumer segment, home segment, business segment, global opportunities and AI.
• Ambani promises ‘AI to everyone, everywhere’ as he expects Jio Platforms to lead development of India-specific AI models and solutions.

Reliance Jio will launch its much awaited service Jio AirFiber on September 19, coinciding with the festival of Ganesh Chathurthi, said Mukesh Ambani, the chairman and managing director of Reliance Industries (RIL) as a part of his speech at the company’s 46th annual general meeting (AGM) on Monday.

Jio AirFiber is a fixed wireless broadband offering that Ambani claimed can supercharge the number of customers that can be added into the network. “Home segment turbocharged by AirFibre and will target the untapped Indian home segment,” he added.

This service using the 5G network and wireless technologies can bypass the need for last mile fibre, which continues to be a pain point for consumers. With JioFiber the company can add 15,000 connections per day, Jio AirFiber can grow over 10 times with AirFiber to add 150,000 connections per day.

This can also expand its addressable market over the next three years to over 200 million high-paying homes and premises.

Its JioFiber which was launched in 2019 has 10 million subscribers. On an average, they consume 280 GB per month which is 10 times more than per capita mobile consumption.

Its fiber is spread across 1.5 million kilometers across the country. “We are in a league of our own and far ahead of competitors,” said Ambani.

Jio Platforms have around 450 million mobile subscribers. Each of these subscribers, on an average, consume around 28 GB per day. The company has also rolled out 5G services across 96% of census towns and will finish rolling out the service across the entire country by December.

Five dimensions of growth

Ambani identified five segments ahead for Jio. The consumer segment will be powered by Jio 5G and Jio Bharat, an affordable 4G phone.

Apart from the home segment that will be turbocharged by Jio AirFiber. It also identified the business segment, wherein it will offer enterprise services that will go beyond connectivity to offer a full spectrum of digital services to businesses with managed services and more.

Jio Platforms’ opportunity for global expansion with its Made in India tech stack which give wings to more innovation.

“Collectively, these frontiers provide Jio an opportunity for multi-fold revenue and EBITDA growth in the coming years,” said Ambani.

The fifth and most exciting ‘frontier of growth for Jio’ is the global AI revolution. “It’s reshaping the world around us, and sooner than we think, intelligent applications will redefine and revolutionise industries, economies, and even our daily life,” he said.

The RIL group is rapidly augmenting its talent pool and capabilities to assimilate the latest innovations in AI, especially Generative AI. Looking ahead, Jio Platforms intends to lead the effort in developing India-specific AI models and AI-powered solutions across domains, he added.

“Seven years ago, Jio promised broadband connectivity to everyone, everywhere. We have delivered. Today Jio promises AI to everyone, everywhere. And we shall deliver,” Ambani said.