Reliance Jio will launch its 4G services on the 27th of December, a day before the birth anniversary of Dhirubhai Ambani, reports ET Tech. The report mentions that Reliance employees have started receiving invites from Mukesh & Nita Ambani to be a part of the launch.
Note that in June, Mukesh Ambani, chairman of Reliance Industries Limited, said in his speech that Jio would roll out its complete commercial operations by December this year. He said that the company would roll out internet services on their beta program which would involve “millions of customers” across the country. “I am glad to announce that financial year 2016-17 will be the first full year of commercial operations for Jio”, he said then.
Credit Suisse’s Research & Analytics report: Last week, Credit Suisse’s Research and Analytics released its assessment of Reliance Jio’s 4G field trials and said the network speeds averaged at around 15-30 Mbps download speeds. The firm also said that calls over Jio connections work as well as regular phone calls. However,according to the firm, “There is no doubt that speeds will fall once a commercial launch happens and more users get onto the network.”
Presence in 18,000 cities: In July, RJIL claimed that it was present in all 29 states in India and had a direct physical presence in nearly 18,000 cities and towns. It also claimed to have built an optical fibre network consisting nearly 250,000 route kilometres. At the time, the company said it was conducting pre-launch testing and stabilisation of the telecom network.
BWA deadlines: Interestingly, BWA rollout obligations technically kicked in in September this year, 5 years after the original auctions. All telecom operators which are BWA licensees were required to have street level coverage in at least 90% of the metro service areas and at least 50% of the rural short distance changing areas (SDCAs), failing which the operators are liable to face penalties. However, none of the telecom operators seem to have actually achieved this.
Fundraise: In October, Reliance Jio said it would raise Rs 3000 crore by issuing secured redeemable non-convertible debentures on private placement basis. The company had also raised a $750 million loan (~Rs 4500 crore) from nine banks on a 10 year repayment period, to finance goods and services from Samsung and Ace Technologies in May.