Reliance Industries will begin commercial operations of its much-awaited 4G telecom services by December. Speaking at the company’s annual meeting of shareholders, over a third of Chairman Mukesh Ambani’s more-than-one-hour-long speech was focused on 4G. Also Read - Jio 5G service: Reliance Jio, Intel partner to develop 5G network for India
The billionaire industrialist unveiled a roadmap focused on adding capacity in core businesses and expanding rapidly in new ventures like retail and telecom. Over a third of Ambani’s more-than-one-hour-long speech was focussed on RIL’s plans to use the 4G or fourth-generation telecom technology, also known as LTE or Long-Term Evolution, to offer wireless broadband as well as voice services. Targeting 100 percent national coverage within the next three years, Ambani said the 4G LTE smartphones will be brought to India at a price less than Rs 4,000 by December. These phones will beam HD television, video on demand, music, news and magazines, he added. Also Read - Jio maintains lead in 4G download speed, Vi in upload in May: TRAI
The group’s telecom arm Reliance Jio has applied for a pan-India cable television multi-system operator (MSO) license and plans to enter into broadcast TV distribution, Ambani said. announced. Besides, it has has partnered State Bank of India to apply for a payments bank license. Reliance Jio, which had acquired Infotel Broadband Services within hours of that company winning nationwide wireless broadband licenses five years ago, has become the first operator to achieve wireless coverage far in excess the rollout obligation as per its license conditions, Ambani said.
Stating that the company was in the pre-launch testing and stabilization phase of the large and complex network, Ambani said extensive beta launch involving “millions of friendly customers across all markets” will be initiated over the next few months. “This beta program will be upgraded into commercial operations around December of this year,” he said. “I am glad to announce that financial year 2016-17 will be the first full year of commercial operations for Jio.”