Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises

Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises

SUMMARY

The fixed broadband operator now has over 3 Mn individual and business users

Ambani added that JioFiber is the fastest growing broadband service provider in India

Last year, the company also launched connectivity-only plans for JioFiber

Reliance Industries announced that JioFiber acquired more than 2 Mn new premises over the past year till March 2021, the company announced today at its Annual General Meeting (AGM) for shareholders. The fixed broadband operator now has over 3 Mn individual and business users, according to RIL chairman Mukesh Ambani. Ambani added that this makes JioFiber the fastest growing broadband service provider in India.

Speaking at the Reliance AGM, Ambani said that JioFiber has expanded its reach to more than 12 Mn homes and business premises. with deep fiber footprint in India’s top 100 cities. JioFiber services bundle high-speed internet connectivity, content and fixed line voice in a single plan, but last year, the company also launched connectivity-only plans as more and more Indians wanted to set up home connections for working from home and other needs. This launch has been counted as one of the highlights of the year by Reliance Industries.

Ambani said he was confident of seeing even faster growth in revenue and service adoption in the coming months as India recovers from Covid. Last year, Reliance Industries announced multi-pronged prevention, mitigation, and support strategies to back the efforts of the medical community as well as those impacted by the quarantine and lockdowns around the country.

It committed to providing basic JioFiber broadband connectivity at 10 Mbps, wherever it is geographically feasible, without any service charges. Existing JioFiber subscribers got double data limits across all plans during the lockdown last year.

The company said that the fiber-to-the-home (FTTH) services marker is a significant greenfield opportunity to connect 50 Mn homes across 1,600+ cities and towns in the country. Since the the hybrid set-top box (STB) provided to JioFiber customers also acts as an entertainment hub, bringing content and fixed line services, the company sees JioFiber as a gateway into the Indian home.

In terms of software features, the JioFiber STB supports virtual assistants across Indian languages with speech recognition and conversational skills. It comes with a recommendation engine, content permissions, watchlists and reminders. It also brings businesses opportunities such as targeted ads based on user analytics across multiple ad formats and an app ecosystem for media and entertainment, education, health and real-time video communication software.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises-Inc42 Media
Reliance JioFiber Added Over 2 Mn Users In FY21; Reach Expands To 12 Mn Premises-Inc42 Media
You’re in Good company