Reliance Aims for 2 Crore Jio Fiber Subscribers 3v6d29 5 Crore Den and Hathway s

Jio’s fibre broadband service had 8.2 lakh customers at the end of January this year, according to TRAI data. 59o1z

By Prabhakar Thakur | Updated: 18 May 2020 14:40 IST

Reliance Aims for 2 Crore Jio Fiber Subscribers, 5 Crore Den and Hathway s

Reliance is targeting over 5 crore subscribers for its cable TV firms 5r1e6b

Highlights

Reliance is aiming for 2 crore+ Jio Fiber households
It is also targeting 99 percent population coverage
The company made the announcements in a presentation

ment

Reliance Industries (RIL) is aiming to take Jio Fiber to more than 2 crore households, the company said in a corporate presentation filed with Bombay Stock Exchange. The company also said that it is targeting 99 percent population coverage with the fibre-broadband service. The presentation was filed by the company on Friday where it gave a glimpse of its vision for the future. It also mentioned that it is planning to target 5 crore-plus households for its cable networks DEN and Hathway.

had just 8.4 lakh subscribers at the end of January.

If looking at customers receiving Gigabits speeds, the aim looks even farther. In fact, even the total number of wired broadband (>512Kbps speed) customers in India has not crossed the 2 crore mark yet. While the company had entered into the 4G mobile Internet space with an aggressive pricing model, the same can't be held correct for its wired broadband service. Therefore, it looks like the company will have to make a lot of efforts to achieve its goal.

RIL also said in the presentation that it is planning to aim for more than 5 crore cable target households for its cable companies DEN and Hathway. Reliance acquired a 66 percent stake in Den Networks and a 51.3 percent stake in Hathway Cable and Datacom last year.

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