Few Annual General Meetings in corporate India elicit as much anticipation as Reliance Industries Limited’s (RIL), whose telecom business has been a showstopper lately. Today, Reliance Jio Infocomm will reveal its cards vis-a-vis JioGigaFiber, a wired broadband service that has been in beta testing for over a year.
It’s no improbable high-wire act. Instead, the industry expects a replay of Jio’s wireless service launch of 2016—high data speeds at unbelievably low prices to kill some, if not all, competition. Except, according to some Jio field executives, the exuberance is more muted this time.
In the southern state of Kerala, for instance, Jio cut down its multiple-city GigaFiber rollout to just three big cities—Kochi, Calicut, Thiruvananthapuram.