One Billion Indians get free 4G from the nation’s richest man
Hundreds of millions of Indians are set to get free access to the internet with speeds of 4G in the next few years.
The Indian consumers are in jubilant mood at the arrival of Reliance Jio service by Mukesh Ambani which will seize a promise from the billionaire to offer downloadable speeds which enable video streaming.
India enjoys an 80 percent 4G coverage that awesome introductory offers. Indians will access Jio freely until the end of 2016 after which they will pay only $2.25 per month to use the data.
Ambani spoke to investors at his company where he said that the digital era is taking over at a faster rate.
Increase internet access
Not many Indians have access to the internet, with statistics suggesting only 1/5th of the adults do. There are also some few public WI-FI hotspots and broadband connections which are not fast enough in poorer urban areas due to lack of infrastructure.
But that is on the verge of changing. If the initiative by Jio becomes a success, Ambani will have a chance to capitalize on seismic shift that will see more Indians come online – in most cases via smartphones.
A bait for tech Giants – Google, Facebook
India is a market that the tech giants have been attempting to venture into. Google began by installing free WI-FI in train stations and Facebook followed by offering a free version of its platform.
Ambani has the target of reaching more than 90 percent of the population. As at the moment, he has constructed about 100,000 telecoms towers across India. His estimate is that 200,000 villages and 18,000 cities are already covered by Jio.
Building a national 4G network from scratch represents a major risk for Ambani, who got out of telecoms about 15 years ago after a dispute with his brother, Anil Ambani, who controls Reliance Communications.
The two brothers have fixed their differences in recent years. Their value when combined is estimated to be $26 billion.
War of Prices
In response to the reliance Jio launch, competing firms have introduced offers of their own. Airtel has cut down the amount it charges for its 3G and 4G services by close to 80% while Vodafone has increased the data in its plans by close to 70%.
New Delhi already enjoys download speeds of 21mb per second, figures that are reflected in most parts of the country.