Mumbai: Reliance Industries-owned Reliance Jio Infocomm will offer fixed and wireless broadband Internet connections when it launches services, the parent said in its quarterly earnings release on Monday.
The objective of offering fixed-line services comes with additional capital expenditure to connect locations with cables.
A person familiar with developments said the company has obtained local authority permissions to lay nearly 100 kilometres of optic fibre cables every day in Mumbai and Delhi. The company did not confirm this.
The release did say that Reliance Jio has been rapidly increasing staffing.
Its employee base over the last year has risen to 4,000 from 700. "The key leadership positions required to execute the project are in place," the company said. "RJIL has finalised the key vendor and supplier partnerships that are required for the launch of our services, and is making rapid progress in building the critical infrastructure needed to launch its services." Reliance Jio is the only company to have high-speed wireless broadband spectrum across the country.
The airwaves were bought for around Rs 13,000 crore in May 2010, at a significant discount to 3G acquired by operators such as Bharti AirtelBSE 1.17 %, Vodafone and Idea Cellular.
Earlier this year, the company entered into two deals with Anil Ambani-run Reliance CommunicationsBSE -0.56 % to lease national optic fibre connectivity and 45,000 towers.
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