Business
Big Goals : Jio Aims To Add Million Broadband Homes Every Month ; To Consider Issuing 1: 1 Bonus Shares On September 5 , Says Mukesh Ambani
Jio will aim to add a million broadband homes every month to achieve 100 million home broadband customers in a record time
Picture : ANI / X
Jio will aim to add a million broadband homes every month to achieve 100 million home broadband customers in a record time, RIL Chairman Mukesh Ambani said . While speaking at RIL’s 47th AGM, Ambani said JioAirFiber clocked first million customers in six month.
“By leveraging our deep-tech capabilities and continuously optimising every process, we acquired the next 1 million air fibre customers in just 100 days. We are now challenging ourselves to add a million homes every 30 days. With this momentum, we are confident of reaching our target of 100 million home broadband customers at record speed,” he said.
He said Jio is also targeting over 20 million small and medium businesses, 1.5 million schools and colleges, over 70,000 hospitals, and 1.2 million doctors to connect with broadband.
Further , The board of Reliance Industries Ltd will consider issuing 1:1 bonus shares on September 5, the company said in a regulatory filing on reported PTI.
Reliance, the nation’s most valuable company, had last issued bonus shares in September 2017.
“A meeting of the Board of Directors of the company is scheduled to be held on Thursday, September 5, 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves,” the firm said in the stock exchange filing.
