JioFiber from Mukesh Ambani is now available and the ambitious broadband network is likely to affect MTNL and BSNL customers.
"There could be a rotation, especially for customers who pay between 500 and 600 rupees a month," Nitin Sony, director of Fitch Ratings, said in an interview with CNBC TV18. Although Reliance Jio's initial plan may not be destructive, the company is focusing more on average revenue per user and consumer hardness, he added. However, the Reliance Geo offer is highly profitable and will be a game-changer in Indian broadcasting services.
In India, BSNL with over 9 million users, Bharti Airtel with over 2 million users, Atria Convergence Technologies (1.45 million), Hathway Cable & Datacom (0.84 million) and MTNL (0.74 million) are the top five providers of cable broadband services , According to TRAI's latest report on telecom subscription data. In addition, Reliance Jio Infocomm Ltd was the top five wireless broadband providers, with 331 million users, Bharti Airtel with 119.09 million, Vodafone Idea (110.50 million) and BSNL (12.87). Tata Teleservices (1.40 million), according to the same report.
However, this time, "Reliance Jio seems to be targeting higher and denser broadband coverage," Rajiv Sharma, co-director of institutional equity research, SBICAP Securities, told CNBC. JioFiber was launched in 1600 Indian cities.
While Reliance Jio has already disrupted national telecommunications services, leaving behind former dominant players, including Bharti Airtel and Vodafone-Idea, the company's JioFiber services are likely to revolutionize Indian Internet services. The launch of JioFiber was announced by RIL Chairman Mukesh Ambani the same day he met the company's annual general meeting. JioFiber offers a wide range of services such as high-speed broadband, free national video calls, TV video calls, OTT entertainment applications and gifts such as 4K TVs for annual subscribers. Reliance Geo launched the service on September 5, 2019, coinciding with the company's third anniversary.