Reliance Jio is a startup with Rs 1,50,000 crore investment: Mukesh Ambani - Muntazir Abbas | ET Bureau (Edited excerpt)
http://timesofindia.indiatimes.com/...stment-Mukesh-Ambani/articleshow/51613604.cms
(After reading this article, expecting some great stuff from Reliance Jio)
Reliance Industries chairman Mukesh Ambani on Wednesday said that the group's telecom venture, Jio, is the world's biggest startup with an investment of Rs 150,000 crore that will transform lives by making services affordable. "It (Jio) is one of the largest transformational green-field digital initiatives anywhere in the world with an investment of over Rs 1,50,000 crore," Ambani said at a Ficci Frames 2016 event in Mumbai.
Ambani, however, did not reveal the commercial launch timeframe. The analyst community expects a soft launch in April and a wider commercial launch by December. Jio had rolled out services for its 1,20,000 employees and partners late December.
"Jio will start services with 70% coverage of India. From day one, Jio mobile broadband will offer speeds that are about 40 to 80 times faster than the current average speeds," he added.
Ambani said that Jio will make services affordable to the consumer. "All of this is of no use if we cannot make it accessible and affordable to consumers in all parts of the country."
He said that against the current data consumption in India of about 0.15GB per month, Jio's network is engineered to provide a capacity of 10GB per month for every user. He added that digitisation is the defining trend of this century, the reason why Jio was conceived. "I have no doubt that with the launch of Jio, India's rank will go up from 150 to among the top 10 of mobile internet rankings in the world," Ambani said.