JioAirFiber could unlock a $7-10 billion opportunity by driving broadband adoption

NEW DELHI: Reliance Jio’s recently launched FWA service, JioAirFiber, could unlock a $ 7-10 billion revenue opportunity in India as it could spur broadband adoption among 85 million Pay-TV homes that don’t have internet access today, Jefferies said in a note.

“India has 35m broadband households, 120m pay-TV households vs. total households at 319m. We believe JioAirFiber (FWA) can spur broadband adoption among 85m households that pay for TV but don’t have a broadband connection. We estimate FWA’s direct addressable market could range between US$7-10bn assuming 100m subscribers at Rs500-700 monthly ARPU,” the brokerage said.