RIL’s 41st AGM today: JioFiber launch likely, what else to expect
NEW DELHI: The stage is set for Reliance Industries’ 41st annual general meeting later in the day, where Chairman and Managing Director Mukesh Ambani is expected to announce the commercial launch of JioFiber FTTH broadband services.
India’s richest businessman may talk about the company's recent acquisitions, e-commerce plans, rising Reliance Jio's market share, potential in the digital content and also the core oil & gas business.
Analysts noted that (Fiber to the home) FTTH services has been in the Beta phase for sometime now. The launch may not be pan-India, but in select relevant markets, they said.
The company estimates the potential FTTH market size at 90 million home subscribers, Motilal Oswal Securities said in a recent note. The management plans to shift capex focus toward fibre, which will be used to expand both FTTH as well as enterprise data offerings in the market, it noted.
A recent report suggested that JioFiber FTTH broadband services with video as well as voice calls might cost under Rs 1,000.
The launch of Jio has already made mobile data accessible and affordable for masses with the average mobile data price has dipped from Rs 200 per GB two years back to Rs 3.2/GB currently. Further, rising internet subscribers coupled with declining internet costs is leading the consumption pattern towards digital, IIFL said.
RJio has of late started offering exclusive content like Winter Olympics and Nidahas Trophy. It has signed many deals to provide exclusive content and set up an Rs 1,000 crore fund with Eros International for new content.
Besides, the company has invested in Saavn, which has exclusive artist creating content for Saavn and Embibe, which offers an AI-based education platform. The move, Motilal Oswal Securities in a recent note said, is aimed at creating subscriber stickiness and increase data consumption.
Meanwhile, Reliance Jio Infocomm has informed the government that it will launch voice over WiFi shortly, a move that will give the Mukesh Ambani-owned carrier’s customers the ability to make calls even in areas having poor mobile signals, ET reported.
The company recently came out with its FY18 annual report. Edelweiss Securities noted that there was a robust improvement in profitability, operating cash flow (OCF) and return ratios.
"This was led by commercialisation of several capex-heavy businesses—RJIO, ROGC & down-stream units and ethane project. Scale up of aforesaid capacity along with commissioning of pet coke gasification project is likely to yield significant operating leverage benefits," it said.
While details of the preoperative cost capitalised by RJIO in FY18 is unavailable, its opex costs are significantly lower compared to peers, the brokerage had noted.
India’s richest businessman may talk about the company's recent acquisitions, e-commerce plans, rising Reliance Jio's market share, potential in the digital content and also the core oil & gas business.
Analysts noted that (Fiber to the home) FTTH services has been in the Beta phase for sometime now. The launch may not be pan-India, but in select relevant markets, they said.
The company estimates the potential FTTH market size at 90 million home subscribers, Motilal Oswal Securities said in a recent note. The management plans to shift capex focus toward fibre, which will be used to expand both FTTH as well as enterprise data offerings in the market, it noted.
A recent report suggested that JioFiber FTTH broadband services with video as well as voice calls might cost under Rs 1,000.
The launch of Jio has already made mobile data accessible and affordable for masses with the average mobile data price has dipped from Rs 200 per GB two years back to Rs 3.2/GB currently. Further, rising internet subscribers coupled with declining internet costs is leading the consumption pattern towards digital, IIFL said.
RJio has of late started offering exclusive content like Winter Olympics and Nidahas Trophy. It has signed many deals to provide exclusive content and set up an Rs 1,000 crore fund with Eros International for new content.
Besides, the company has invested in Saavn, which has exclusive artist creating content for Saavn and Embibe, which offers an AI-based education platform. The move, Motilal Oswal Securities in a recent note said, is aimed at creating subscriber stickiness and increase data consumption.
Meanwhile, Reliance Jio Infocomm has informed the government that it will launch voice over WiFi shortly, a move that will give the Mukesh Ambani-owned carrier’s customers the ability to make calls even in areas having poor mobile signals, ET reported.
The company recently came out with its FY18 annual report. Edelweiss Securities noted that there was a robust improvement in profitability, operating cash flow (OCF) and return ratios.
"This was led by commercialisation of several capex-heavy businesses—RJIO, ROGC & down-stream units and ethane project. Scale up of aforesaid capacity along with commissioning of pet coke gasification project is likely to yield significant operating leverage benefits," it said.
While details of the preoperative cost capitalised by RJIO in FY18 is unavailable, its opex costs are significantly lower compared to peers, the brokerage had noted.