Speaking at the second Progressive Punjab Investors Summit in Mohali, Ambani said, “We will commit to all the additional resources it takes, so that Punjab becomes the first state in India where every single village will be covered by mobile broadband connectivity.”
Reliance Industries-owned telecom venture is also planning to officially launch 4G services in the country by the end of the year.
Ambani said, “So far, Reliance has invested Rs 3,900 crore in Punjab, much more than the committed Rs 2,000 crore. Overall, RIL has invested Rs 92,000 crore in its ambitious telecom venture.
Punjab’s Deputy Chief Minister Sukhbir Badal said, “Jio would be able to cover the entire State with high-speed broadband services by January next year.”
The Reliance Chairman further said, “Jio’s services would not only help traders, but also pertinently aid the State’s youth as the digital infrastructure will offer the opportunity to create value and to make sure that they can start businesses and create value for themselves in this new world.”
Earlier, RIL projected that the first commercial year of operations for Jio would be in the financial year 2016-17. It has completed the network rollout across the country and tests for a pan-India launch are on. Reliance will start selling 4G-enabled services in the market from next month under the name ‘LYF’.