Why Mukesh Ambani launched JIO? The reason behind the IDEA and launching of JIO

Reliance JIO

As you all know that, Reliance Jio offers you high speed Internet across India through its 4G network and FTTH Jio Fibre Service. Learn more about Jio in this blog.

About JIO

Reliance Jio Infocomm Limited is an Indian telecommunications company and wholly owned subsidiary of Reliance Industries, headquartered in Mumbai, Maharashtra, India. It operates a national LTE network with coverage across all 22 telecom circles. It does not offer 2G or 3G service and instead uses only voice over LTE to provide voice service on its 4G network.

     Jio launched on 27 December 2015 with a beta for partners and employees, and became publicly available on 5 September 2016. As of 31 August 2019, it is the largest mobile network operator in India and the third largest mobile network operator in the world with over 348.25 million subscribers.

Idea of Reliance JIO

"The idea of Reliance Jio was first seeded by my daughter Isha in 2011, told Mukesh Ambani."

India's richest man Mukesh Ambani has credited the idea of the country's youngest and only profitable telecom operator Reliance Jio to his daughter Isha Ambani who had complained of slow internet speed at her Mumbai house when she was on a holiday break during her college days at Yale.

The idea of Jio was first seeded by my daughter Isha in 2011. She was a student at Yale (in the US) and was home for holidays. She wanted to submit some coursework, and she said, "Dad, the internet in our house sucks," Ambani has told an audience in London in March 2018 after receiving the Financial Times-ArcelorMittal award for "boldness in business".

Reliance Jio Infocomm Limited

Type                   Subsidiary of Reliance Industries

Industry              Telecommunications

Founded             15 February 2012

Headquarters      Maker Chambers IV, 222 Nariman Point Mumbai, India

Key People         Mukesh Ambani (Chairman) Sanjay Mashruwala (Managing Director)

Products             Mobile Telephony, Wireless broadband, Internet services, OTT services

Revenue              ₹11,679 crore(US$ 1.7 billion)        

Operating            ₹3,631.2 crore

income               (US$ 530 million)

Net Income         ₹1,148 crore( US$ 170 million)

Members             348.25 million

Parent                 Reliance Industries

Future Plans

Jio Fiber

Reliance Industry chairman Mukesh Ambani had announced details of jio's upcoming high-speed broadband internet service, Jio Fiber, at company's AGM earlier this month.

First Day First Show

Jio will also introduce a 'disruptive concept' of watching movies that it calls "Jio First Day First Show". This service will be launched in mid 2020 and it will let Premium Jio Fiber users to watch movies as soon as they are released in theatres.

Set Top Box

Jio also announced a set top box that will allow access to possibly the target collection or TV channels, thanks to Jio's acquisition of three multiple system operators(MSOs) - DEN, Hathway and GTPL.

Free 4K TV With Jio Forever

Jio will also come up with Jio forever plans for customers opting for annual plans. Such long-term subscribers will get an HD or 4k LED TV and a 4K set top box absolutely free.

Gaming

Jio will support console gaming with compatibility for all gaming controllers. The set top box will come with a built-in-graphics card. Jio has also partnered with companies like Tencent Games and Microsoft to bring in more games in the future.

Jio IoT

Jio says that it has developed an innovative service on its pan-India 4G network called Narrowband Internet-of-Things or NBIoT. Using this service with smart sensors, weather residential, industrial or public, the company is looking to connect the whole of India.

So guys be ready for the upcoming gadgets and technology of Reliance Jio.