Reliance Jio Announces Plans to offer IoT Solutions in India |
NEWS |
At its Annual General Meeting (AGM) on August 12, 2019, Reliance Industries announced that Reliance Jio had crossed 340 million mobile subscribers, making it one of the fastest-growing Mobile Network Operators (MNO) in India. At the AGM, the chairman of Reliance Industries also made some significant announcements regarding Jio and its plans to target the emerging Internet of Things (IoT) market in India. Firstly, Jio will commercially launch both its Narrowband IoT (NB-IoT) networks across India and its own IoT platform, which will be commercially available starting on January 1, 2020. Secondly, Jio announced a strategic partnership with Microsoft to build a network of data centers across India that would enable Jio to integrate its connectivity with Microsoft’s compute and cloud capabilities to offer digital services. Finally, Jio will also offer vertical consumer and enterprise IoT solutions to generate new revenue streams.
Creating New Revenue Streams from IoT Solutions and Services |
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