Mumbai: Promising up to 80-times faster internet with his ambitious venture Reliance Jio, top industrialist Mukesh Ambani on Wednesday said his group has invested Rs 1.5 lakh crore in this initiative — the biggest-ever for any digital startup globally.
He also said Jio would target to expand the high-speed internet coverage in the country to over 90 per cent by 2017, but remained silent on the exact commercial launch date of the much-awaited service.
Speaking here at the inaugural session of Ficci Frames 2016, Reliance Industries chairman said the opportunity to transform lives of 1.3 billion people motivated him to re-enter telecom sector and he believes Jio will drive the country’s ranking in mobile Internet access to among top 10 from 150 currently.
