India’s richest man, Mukesh Ambani offers free 4G

India’s richest man, Mukesh Ambani offers free 4G

India’s richest man, Mukesh Ambani offers free 4G

Written by Staff Writer

03 Oct, 2016 | 12:22 pm

Mukesh Ambani, the Indian business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited, who is also the richest man in India offers free 4G to one billion people.

Ambani is rolling out a $20 billion mobile network that could bring lightning-fast Internet to hundreds of millions of people.

Indian consumers are already celebrating Ambani’s new Reliance Jio service as he has promised to deliver rock bottom prices and download speeds that will enable streaming video.

The 4G network, which reaches more than 80% of the country, officially went live today, October 3rd with a set of generous introductory offers. Indians will be able to use Jio for free until the end of 2016, and pay as little as 149 INR (Approx. SLR 326.55/ $ 2.25) a month for data after that.

“Anything and everything that can go digital is going digital — at an exponential rate”, Ambani said to the companies investors last week at his company’s annual general meeting.

“Life is going digital”, he added.

Ambani has invested billions constructing nearly 100,000 telecom towers across India. He estimates that Jio already covers about 18,000 cities and 200,000 villages.

By March 2017, his aim is to reach 90% of the population.

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