Mumbai: Reliance Industries (RIL), which has pan-India spectrum for broadband services, today said it is finalising plans to offer digital services in key areas of education, security, financial services and entertainment.
Updating the status of its broadband and wireless access business, Reliance Industries chief Mukesh Ambani said that the initiative will be an additional and significant value creator for Reliance and its shareholders, but did not give any specific dates for launch of this much-awaited service.
"We are currently finalising our plans to offer services on a nation-wide basis and will be happy to report our progress in the coming years," Ambani told shareholders at the company's Annual General Meeting. "Reliance has a unique green-field opportunity to create a state-of-the art digital services platform, without being constrained by any legacy issues," Ambani said.
Mukesh Ambani says the initiative will be a significant value creator for Reliance and its shareholders.
In order to provide these services, the company plans to collaborate with service providers, infrastructure providers, device manufacturers and other participants in the ecosystem. Ambani said the company plans to provide digital services in key domains such as education, healthcare, security, financial services, government-citizen interfaces and entertainment.
Reliance will also leverage its broadband network to support the requirements for homeland security applications and services, which can benefit from the advantages of low latency and assured quality of services that are integral to fourth generation (4G) networks. "We are confident that in coming years, Reliance's digital services would fundamentally change the lives of hundreds of millions of ordinary Indians," he added.
Infotel Broadband, a subsidiary of Reliance Industries, had won a 20 Mhz slot pan-India broadband wireless spectrum (BWA) spectrum for Rs 12,847.71 crore in 2300 Mhz spectrum band and the company plans to use LTE technology for its country wide network deployment to provide connectivity and related digital services to its customers.
Reliance added that along with LTE, it will also continue to evaluate and deploy other technologies, both wireless and wireline, to offer comprehensive broadband solutions to consumers, small businesses, enterprises, government and other entities. "Our vision is to help develop the hard, soft and social infrastructure needed to create an integrated digital services business model," he added.
The group is present in energy and retail sectors, while it has big plans for telecom and finance sectors. Ambani today said the group would invest Rs one lakh crore over the next 4-5 years across various businesses in India.