After wireless, Jio to launch fixed line services: Ambani

Jio is targeting to expand its wireless network to cover 99 per cent of the country’s population in the next 12 months

Reliance Industries’ chairman Mukesh Ambani on Friday said rolling out fixed line services will be the next focus area for the company’s telecom services arm, Reliance Jio, after the wireless expansion.

Jio today launched a 4G—ready handset targeted at the 50 crore Indians using a feature phone at present. As part of the offering, it is also giving a cable to connect with the TV as a special accessory to display the phone content on a bigger screen.

According to experts, convergence is a big opportunity for telcos which entails providing wireless, fixed line, direct to home and video on demand services to a single family or a business. Its biggest rival Airtel is already present in the fixed line segment, albeit with a smaller footprint.

Meanwhile, answering queries on the performance of its media and entertainment arm TV18, Ambani said plans are underway to improve its performance.

“We will work in terms of making sure that on TV-18, we have a value creation path,” he told the shareholders.

Some shareholders had also asked him about the rationale of investing to pick up 25 per cent share in Balaji Telefilms, which was announced yesterday.

A majority of the shareholders welcomed the performance of the company and the bonus issue declared today but there were some who suggested a relook at the dividend allocation policies.

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