India’s richest man is rolling out a $20 billion mobile network that could bring lightning-fast Internet to hundreds of millions of people.
Indian consumers are already celebrating the arrival of Mukesh Ambani’s new Reliance Jio service, seizing on the billionaire’s promise to deliver rock bottom prices and download speeds that will enable streaming video.
The 4G network, which reaches more than 80% of the country, officially went live Monday with a set of generous introductory offers. Indians will be able to use Jio for free until the end of 2016, and pay as little as 149 rupees ($2.25) a month for data after that.
It’s a market that tech industry giants desperately want to crack. Google (GOOG) has installed free Wi-Fi at train stations across India, and Facebook (FB,Tech30) tried to offer a free version of its platform.
Ambani has invested billions constructing nearly 100,000 telecoms towers across India. He estimates that Jio already covers some 18,000 cities and 200,000 villages. By March 2017, his aim is to reach 90% of the population.
Building a national 4G network from scratch represents a major risk for Ambani, who got out of telecoms about 15 years ago after a dispute with his brother, Anil Ambani, who controls Reliance Communications.
The brothers, who together are estimated to be worth $26 billion, have patched things up in recent years. Jio will be able to use radio frequencies owned by Reliance Communications.
Some device on the Reliance Network show 21 Gbps download speeds which will be replicated all over India.