Reliance Industries-run Reliance Jio is likely to invest Rs 5,000 crore in the upcoming fibre-to-home segment, the Jio GigaFiber, a Business Standard report said.
Reliance Jio is likely to invest Rs 5,000 crore in its fibre-to-home services in the next two to three years, reported Business Standard.
A team of over 10,000 people is being put in place for the fixed broadband rollout, the newspaper reported citing sources close to the company.
Mukesh Ambani, the company's chief, announced the launch of the fibre-to-home (FTH) services in its recent annual general meeting.
The scheme offers direct fiber connectivity all the way to the house, unlike traditional fiber networks that offer connectivity to the house via traditional cables leading to slow speeds.
Also read: What is Jio GigaFiber?
The FTH service will provide home automation, home surveillance, landline, cableTV and internet broadband services.