Apart from Hathway, Mukesh Ambani in talks with other MSOs for GigaFiber launch
Service will offer ultra high-definition entertainment on large screen TV, multi-party video conferencing, virtual assistants and immersive experiences
Published - 15-October-2018
With an aim to reach 50 million homes across 1100 cities, Reliance Jio is exploring business opportunities with several MSOs in order to launch it's Gigafiber Fiber-to-the-Home (FTTH) Service in India.
According to industry sources, Jio is also in initial talks with Fastway, Den Network and two subsidiaries of Hathway Group- GTPL Hathway and Hathway Bhawani.
As per media reports, the deal between Hathway and Reliance Industries Limited could be at a valuation of Rs 2,500 crore.
We tried reaching out to Reliance Jio, GTPL Hathway, Fastway and Den Network for an official comment but they had not responded at the time of filing this story.
“Reliance Jio was facing problems to roll out it's broadband. Since these MSOs have good reach in particular regions, it will be easier for Jio to launch and reach their target audience,” said a senior industry executive.
On July 5, at Reliance Industries Limited’s 41st AGM, Mukesh D Ambani announced the launch of Jio Giga Fiber, an ultra-high speed fixed line broadband service, for homes and enterprises with a target to reach 50mn homes across 1100 cities. Jio Giga Fibre service will offer ultra high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping and immersive experiences.
In May 2017, Jio had begun rolling out beta trials of the FTTH service at select locations in six cities — Mumbai, Delhi-NCR, Ahmedabad, Jamnagar, Surat and Vadodara.For more updates, subscribe to exchange4media's WhatsApp Channel- https://bit.ly/2QUdLCK