Jio AGM 2024: Jio Aims to Connect 1 Million Homes Every Month with 5G FWA

Jio Aims to Connect 1 Million Homes Every Month with 5G FWA, Says Ambani

Reliance Jio is setting an ambitious goal to connect a million homes every 30 days with its 5G fixed wireless access (FWA) service, JioAirFiber, according to Chairman Mukesh Ambani. “We are challenging ourselves to reach a million homes every month. With this momentum, we are confident in achieving our goal of 100 million home broadband customers at an unprecedented pace,” Ambani announced during the company’s 47th annual general meeting. In addition to home broadband, Jio is also focusing on small and medium businesses, with plans to connect over 20 million of them. The company also sees potential in digitally connecting India’s 1.5 million schools and colleges, more than 70,000 hospitals, and 1.2 million doctors through high-speed internet. 

Both Jio and its competitor Bharti Airtel are offering 5G-driven fixed broadband services to consumers and businesses. Industry experts believe 5G FWA is set to be one of the top revenue drivers in the 5G era due to the country’s limited fiber broadband penetration. Ambani shared that Jio had gained its first million AirFiber customers in just over six months, a milestone he described as “remarkable and the fastest of its kind globally.” The next million customers were added in just 100 days. “We are refining our operations and see even more potential to accelerate,” he added. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Reliance Jio IPO Later, Tariff Hike First
Telecom Industry

Reliance Jio IPO Launch Later, Tariff Hike First

Another round of telecom tariff hikes appears to be on the horizon, with Reliance Jio Infocomm expected to increase rates in the next fiscal year, likely ahead of its anticipated initial public offering (IPO), according to industry sources.    Reliance Jio, the sector leader, previously initiated a tariff hike in June 2024 after nearly two-and-a-half […]

Read More
AGR Dues Relief Will Budget 2025 Deliver ₹1 Lakh Crore Boost for Vodafone Idea and Bharti Airtel
Telecom Industry

AGR Dues Relief: Will Budget 2025 Deliver ₹1 Lakh Crore Boost for Vodafone Idea and Bharti Airtel?

In a significant move for the cash-strapped telecom companies Vodafone Idea and Bharti Airtel, the Indian government is reportedly considering a proposal to waive a portion of their Adjusted Gross Revenue (AGR) dues. If implemented, this measure could counter the prevailing duopoly of Mukesh Ambani’s Reliance Jio and Sunil Bharti Mittal-led Airtel.  AGR, or Adjusted […]

Read More
Jio Q3 Net Profit Rises 4.9% QoQ to ₹6,861 Crore, ARPU Hits ₹203.3
Telecom Industry

Jio Q3 Net Profit Rises 4.9% QoQ to ₹6,861 Crore, ARPU Hits ₹203.3

Reliance Jio Ltd reported its third-quarter results for FY25, exceeding analyst expectations for net profit, revenue, and average revenue per user (ARPU). The telecom arm of Reliance Industries Ltd posted a consolidated net profit of ₹6,861 crore, reflecting a 4.9% quarter-on-quarter growth compared to ₹5,447 crore in Q3 FY24. Revenue from operations increased by 4.3% […]

Read More