Reliance Jio Infocomm Limited or Reliance Jio is a startup company by Mukesh Ambani. The company made an entry into the Indian telecommunication 4G market on September 5, 2016, officially and immediately challenged the very existence of other competitors including Idea, Airtel and Vodafone. Here are some of the unknown facts about Reliance Jio:
1. Fastest Growing Startup/4G Operator
Jio is the fastest growing 4G network in the telecommunication field. Incidentally, it is also the fastest growing startup in the world among all including WhatsApp, Facebook, and Skype.
2. Huge Investments
Mukesh Ambani has invested around 1,50,000 crores in Jio which is said to be the highest made by any company for a startup.
3. Installed More Than 90000 4 G LTE Towers
According to the Chairman of Reliance Industries Mukesh Ambani, the telecom unit of the company installed more than 90000 4G LTE towers right from the start. Importantly, the company has only 4G LTE network whereas its other competitors still offer 3G services.
Also, the mobile towers of Jio look like trees so that they blend into the surroundings effortlessly.
4. First Company To Implement e-KYC
Reliance Jio is the first company that has implemented e-KYC. It means that the customer does not have to wait for a longer time to get his SIM activated.
The company is also the first in India to use biometric verification ensuring network security and also security to its customer.
5. Strong Infrastructure
The company made a major investment in infrastructure and laid down optical fibers across India. It is believed that the network of the optical fiber is 2.5 lakh kilometers long across the country.
Due to such strong infrastructure, it can provide FTTH broadband to the customers and speed higher than the conventional broadband.
6. Triggering Digitalization In India
The company is offering 4G handsets that are much cheaper as compared to the Chinese phones in the Indian Market. This has triggered of digitalization in India on a larger scale as now everyone can own a 4G phone and enjoy internet at a much cheaper price. It is also expected to bring more transparency.
7. India Became Highest Data Consuming Country
With the launch of Reliance Jio, India became the number 1 country in the world as far as mobile data consumption is concerned. Earlier India was at no. 155.
8. World’s First Exabyte Telecom Arrange
Jio is the first and final exabyte telecom arranger in the world offering over 100 crore GB of information every month. Presently, it is conveying five times greater information as compared to all the telecom service providers set up together in the country.
9. Jio Launches Free Voice
With the launch of Reliance Jio, the free voice facility became real in India as the market began to focus more on information.
10. TRAI Favored Jio In Tariff Dispute
Prior to its launch Reliance had to face a major controversy with its other competitors in the telecom market regarding tariff plans and call drops. But eventually, TRAI and the courts in the country decided in favor of Jio.
It is because Jio believed that they will be able to achieve profits from a higher userbase and take advantage of economies of scale.