Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani

Aug. 12, 2019

At the 42nd annual general meeting (AGM) of Reliance Industries on Monday, the company’s Chairman and Managing Director, Mukesh Ambani, announced that Jio now has more than 340 million subscribers around the country. According to Ambani,“Jio has crossed the 340 million subscriber mark to remain among the world’s fastest growing digital services”.

Ambani also claimed that Jio is signing up an average of 10 million new customers every month and, is looking to hit the 500 million subscriber mark in the near future. He further claimed that the company is now the largest telecom operator in India in terms of subscribers, revenue and profits.

With its cellular service proving to be a massive hit among customers, Jio is now all set to enter the fixed broadband sector in the country with the commercial launch of itsGigaFiber broadband servicenext month. According to an announcement by Mukesh Ambani at the same event, the servicewill launch September 5th, at a starting price of Rs. 700 per month for a 100Mbps connection, while Gigabit plans would go up to as much as Rs. 10,000 per month.

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