JioFiber

On August 12, 2019, Mukesh Dhirubhai Ambani, chairman and managing director of Reliance Industries Ltd (RIL), while speaking at company’s 42nd Annual General Meeting (AGM), made three important announcements about its telecom business. First, the company has completed most of its investments and in future only incremental investments would be made. Second, the existing network, right from inception is ready for 5G services. Third, with just revenue stream from one operation ie Mobile Broadband, it was in operational profit, and from September 5, 2019, it would add four more revenue streams using JioFiber. The revenue inflow will start coming in from the current financial year itself.