Mukesh Ambani’s latest digital punch: After mobile, Jio to propel India’s fixed-line broadband growth
Even as we continue to witness large-scale disruption in the telecom space post Reliance Jio’s entry, RIL Chairman Mukesh Ambani upped the ante, and said that Jio is determined to move India to among the top 3 in fixed-line broadband, too.
Even as we continue to witness large-scale disruption in the telecom space post Reliance Jio’s entry, RIL Chairman Mukesh Ambani upped the ante, and said that Jio is determined to move India to among the top 3 in fixed-line broadband, too. Taking note of India’s rapid progress in Mukesh Ambani noted that India has now become a world-leader in wireless broadband technology adoption. “In just 24 months, India has taken a leadership position from being 155th in wireless broadband technology adoption – and the impact of this unprecedented growth can be seen across all digital domains,” Mukesh Ambani said during his address in the 24th MobiCom conference held this morning.
Sharing his ambitious vision for Reliance Jio, Mukesh Ambani said that the telecom firm has been conceived not as a business, but as a digital movement. “It is on a mission of making Digital Life a reality for 1.3 billion Indians. While India has pole-vaulted into global leadership in the mobile broadband space… we still lag behind in fixed-line broadband,” he said, adding that Jio is determined to move India to among the top 3 in fixed-line broadband. Currently, India is ranked at the 134th position in fixed broadband. In his address, Mukesh Ambani said that India is well positioned to become one among the three richest countries in the world.
Pressing the need to tap the full potential of the fourth industrial revolution of algorithms, big data, artificial intelligence, the leading businessman said, “I can say with full confidence that India has a chance of not just participating in the Fourth Industrial Revolution, but also leading it.” Ambani, once again, reiterated that by using the new-age disruptions, India will become one of the three richest countries in the world.
“India’s digital transformation is unmatched and unprecedented,” Mukesh Ambani said, adding that mobile computing as a catalyst is driving massive data consumption — and this has given “young Indians a fertile ground for disruptive ideas”.
New technologies and disruption create more job opportunities than they take away, and there was a need for “massive” upskilling of the work force, Chairman Mukesh Ambani on Tuesday.
“However, there is a lot of apprehension to this score. And these very apprehensions could resist or delay digital transformation of our societies. That would be a mistake,” Ambani said at an industry event. He added that such apprehensions of job losses could resist or delay digital transformation of the Indian society.
“Therefore, governments, businesses and civil society organisations should put together an ecosystem for massive upskilling of workforce. Significantly, most of the upskilling can happen on digital platforms,” he added.
The Mumbai-based conglomerate’s telecom arm Jio that has marked its disruptive foray in September 2016, aims to offer next-generation of services such as artificial intelligence (AI), virtual reality (VR) and robotics through high-speed data networks, and is currently deploying fibre massively for service delivery.
Ambani said that disrupting the old and constructing the new, was exactly the spirit of the youth of India. “Disruption is about creating a new way of life that will make the old way of life completely obsolete.” he added.
Jio has created greenfield fourth-generation or 4G network, and on the back of ultra-low data tariff, disrupting the sector with older operators such as Bharti Airtel and Vodafone Idea forced to slash their pricing. The price war has forced smaller operators to exit and even larger ones Vodafone India and Idea Cellular to merge. This has also had cascading effects on ecosystem players such as equipment manufacturers and tower companies.