Reliance Jio (Jio) is intensifying its efforts in the 5G fixed wireless access (FWA) sector through its Jio AirFiber service, aiming to achieve substantial customer growth in the coming year.
This move aligns with the company’s strategy to capitalize on the benefits of 5G monetization as it gears up for a potential initial public offering (IPO) by the end of 2025.
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Jio plans to onboard one million AirFiber customers within 30 days, leveraging increased data consumption and subscriber growth to build momentum for its IPO.
To achieve these ambitious targets, Jio has expanded its distribution network and simplified the onboarding process for AirFiber customers, enabling the connection of over one million homes monthly. In September, 2024, Jio reportedly boasted 2.8 million AirFiber users and is estimated to have added another 1.9 million broadband customers in the December quarter.
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Jio’s AirFiber service offers significantly higher revenue potential compared to its mobile offerings. In July, 2024, Jio raised the minimum plan threshold for its 5G mobile broadband service, encouraging users to upgrade to higher-value plans.
Rapid 5G service monetization is projected to strengthen Jio’s financial performance and enhance its investment appeal.
More on FWA:
Fixed Wireless Access (FWA) Revenues Set to Surpass USD 40 Billion
Jio Introduces 5G FWA Service in Eight Cities in India
Ultra-Broadband FWA Essential for Next-Generation Connectivity
