Mukesh Ambani, Chairman and MD, Reliance Industries
In 2006, when iptv (internet protocol television) was born in India, experts billed it as the ‘next big story’ on the Indian TV landscape. Yet, over the past decade, IPTV has had an abnormally stunted growth due to low broadband penetration and speed. That might change, with Reliance entering into broadband services with JioGigaFiber.
Mukesh Ambani, at the recently-concluded annual general meeting of Reliance Industries, made his intentions clear by betting big on broadband. “While India has pole-vaulted into global leadership in the mobile broadband space... we still lag behind significantly in fixed-line broadband. Poor fixed-line infrastructure is a key reason for this.”
Check out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. Click here to know more.
(This story appears in the 03 August, 2018 issue of Forbes India. To visit our Archives, click here.)