Reliance Jio all set to launch its home broadband service Jio Fiber by this Diwali.

Reliance Jio all set to launch its home broadband service Jio Fiber by this Diwali.

Launch after launch, Mukesh Ambani is not stopping the expenditure of his newly established Reliance Jio Infocomm.Reliance Jio is ready to launch its home broadband service, Jio Fiber, by Diwali this year. Just like Jio communication service, price of Jio Fiber is going to be cheap and affordable. The pricing is to be as low as Rs 500 for 100GB of data. The company will provide these services in 100 cities around the nation.

The launch of this broadband service will again upset the market.In India there are 20 million wireline broadband users.The government organization BSNL governs the 50% of the market share. Last month, Reliance Jio announced the launch of a new smartphone, the JioPhone, along with a Jio Phone TV cable, which will allow users to access the 4G service provider’s digital media services like Jio TV and Jio Cinema on their TV screens. This will directly effect the market of the cable TV and direct-to-home (DTH) markets. After the launch, Jio phones will be available at a very low cost of deposit amount of Rs 1500 which is refundable. The phones will be available to those who did pre-booking of this phone The motive of the business tycoon is to provide these phones to around 50 crores, who are not even exposed to internet and apps. Jio has over 100 million subscribers. After the launch of Jio, the figure of data usage in the nation increasd from20 crores GB to 120 crores GB.

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