MUMBAI: Reliance Jio is likely to announce the launch of its massive fibre network operations at its annual general meet on 12 August, according to a report by The Hindu. Jio GigaFiber will offer home broadband, entertainment and IoT solutions.

Reliance Industries chairman Mukesh Ambani mentioned in a letter to stakeholders that wireline network connectivity in India is underserved and Jio is working towards offering better connectivity with its GigaFiber services. It has set a target of connecting 50 million homes across the country.

In order to do this, Reliance has strategically invested in both Hathway Cable and Datacom and DEN Networks.

It has been rumoured that the service will cost Rs 600 a month for 50 mbps. The connection is also likely to give access to Jio’s Home TV service.