In this blog, we will be talking about Reliance JIO which is the subsidiary of Reliance Industries. Recently Jio has announced a big announcement concerning providing high-speed internet and catering to surged demand for data. What is the announcement and Is it Good News for Shareholders? To know this update in detail, read this blog.
Reliance Jio Infocomm knows as Reliance Jio is an Indian telecommunication company. It is having its 4G network with coverage across all 22 telecom circles. Which engages the digital ecosystem for a seamless digital experience.
What is the good news?
- Reliance Jio on Monday 17th May 2021 announced that the company will be constructing the Largest International Submarine Cable System.
- This System will be centered in India with Global Partners and Submarine Cable Supplier Subcom.
- Reliance Jio has joined the global consortium to build an undersea cable network.
Why it was Needed?
- Nowadays demand for data is increasing in the world. To fulfill the demand of data around 16,000 km submarined cable network will be installed by Reliance Jio with Global Partner SubCom.
- This will be connected through the India-Asia-Xpress(IAX) system that connects India to the Asia Pacific market with connectivity to Thailand, Malaysia, and Singapore which is expected to get ready tentatively by mid-2023.
- The India-Europe-Xpress (IEX) system connects India to the Middle East and Europe with connectivity to Italy, landing in Savona and North Africa, which is expected to get ready tentatively by early 2024
- This is required to be done as there is a large amount of video content which needs high-speed internet to access them.
- Also Due to the pandemic situation, most of the people are working remotely therefore demand good network is required.
- 5G, IoT is also the future that will be trending. The flow of internet and telecom services both the services will be catered by this line.
- These are going to be high-speed systems that will be providing speed around 200 Tbps (Terabits per second).
As reliance Jio has already joined the consortium, a plan of action will be floated very soon. These are things that will be impacted on the overall earnings, visibility, and growth that is going to be prenominal. Jio might be a truly global player in the coming years. Opportunities are very big, need to watch how Jio will be catering these services.