No doubt Reliance has become the strongest company soon after its successful launch of the 4G service in India under the name Jio. As of 31st March 2017, the telecom operator has 108.9 million subscribers. This figure is something which seems like next to impossible. But Jio has made it within seven months. Reliance Jio has overtaken other telecom operators such as Airtel, Vodafone, Idea and stands at the first position. After getting such an overwhelming response from the Indians, Jio is planning to double its network in the coming months for more customer satisfactions.
I also want to add that, Reliance Jio is planning to grow in different sectors too. According to reports, Reliance Jio is working on Jio DTH service and Jio Fiber Broadband service. Reliance will launch both the services later this year.
Reliance Jio doubling its network:
The company is planning to grow its network size by adding one lakh additional mobile towers in the upcoming months. Jio is doing this basically for customer satisfactions and also to attract new subscribers. Presently Jio has become the largest network globally with more than 110 crore gigabyte of data traffic per month and 220 crore voice and video minutes a day. As per reports, Jio users are consuming nearly as much as data on all the mobile network in the USA and 50% more data than mobile networks in China. This indicates that India is leading towards digitization faster than any other country.
“As per TRAI MySpeed Portal, Jio’s average download speed of 15.0 Mbps in March 2017 is almost twice of any other operator. Jio has the world’s largest greenfield 4G LTE wireless broadband network, with over 100,000 mobile towers. And it will add another 100,000 towers to the network in the coming months,” the statement said.
Reliance declared as the most valuable company:
Here is a good news for the Reliance Jio users. Reliance is declared as the most valuable company in terms of market capitalization(m-cap) after a gap of more than four years. The company has surpassed Tata group’s Tata Consultancy Services (TCS).
RIL, with an m-cap of Rs 460,519 crore, is now ahead of TCS, which has an m-cap of Rs 458,932 crore at close of trade on Monday, the BSE(Bombay Stock Exchange) data show. For your information, TCS had overtaken RIL’s m-cap during February 2013.
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