Broadband in 1100 cities: This master plan of Ambani will be able to hit the market:
Broadband in 1100 cities: This master plan of Ambani will be able to hit the market
After the scandal broke out in the telecom sector, Reliance has now put the broadband service segment's dream plan against it. Mukesh Ambani, chairman of Reliance Industries, has announced the launch of Fiber-based Home Broadband Service. It will be targeted at more than 5 crore homes by launching it in 1100 cities. After the news came out, the sale of cable companies began to sell. It is said that this plan can lead to uprooting of broadband service segments.
Ambani has made huge preparations to reach out to the country's home broadband segment. The registration for this will start on August 15. It promises 'second-time megabyi, i.e. per second gigabytes of data speed'. This allows users to view movies with zero buffering and download videos very quickly.
Target Top 5 Fixed Broadband Club
Reliance Industries chairman Mukesh Ambani said in the AGM that in the broadband broadband where the country has achieved global leadership, there are a lot of laggards due to bad infrastructure in the fixed line broadband. He said that the company wants to see India in the world's top-five fixed broadband club. Broadband service named Geo Gigafiber.
Smart service with superb features
It will also offer company router and set-top boxes. There will also be a voice command feature for remote. With that, the company will offer much content in news and entertainment segments along with regular TV channels. Which the group has prepared. Smart Home Technology, offering services, remote monitoring of Home Appliances, digital shopping, gaming, video conferencing from home.
Many companies will grow tension
There is still a trial in many of these services. This offer of Geo can increase the problems of Bharat Sanchar Nigam Ltd and Bharti Airtel in the home broadband segment, which is 58% and 12% market share respectively.
1.8 crore is using the service
1.8 crore people of the country are currently using the home broadband service. There are 40 million mobile broadband users from 1 billion mobile phone subscribers. In comparison, the number of home broadband users is much lower. This offer of GeoGenction will increase pressure on cable operators such as Dan Networks and Hathway Cable & Datacom and DTH operators like Tata Sky and Dish TV.
Ambani said in a meeting of shareholders at Reliance's 41st Annual General Meeting that the Consumer Business contribution of Reliance's Consolidated Operating Profit in the financial year 2018 was approximately 13%, which was 2% more than last year.
Bank of America Merrill Lynch's report said that Geo's growth will have a major impact on telecom, media and entertainment companies over the next few years. He has said that Geo will depend on how it works on new business plans, depending on the effect. According to them, movements in the e-commerce segment can be particularly high. Where to challenge companies like Flipkart and Amazon here. These companies have no funds in the fund.
