Chairman and Managing Director of Reliance Industries Limited, Mukesh Ambani is addressing the conglomerate's 41st Annual General Meeting in Mumbai. The AGM is likely to see the launch of JioFiber, Reliance's venture into the broadband services market.

At the start of his address, Ambani asserted Reliance is in its 'golden decade'. He also declared that Reliance Jio's customer base had increased to 215 million users from 123 million last year. Ambani added that Jio had seen data usage of 240 crore GB.

The AGM is organizing at the Birla Matushri Sabhagar in Mumbai. The meet in recent years has been a platform for Reliance to unveil a number of huge projects.

Worth mention here Last year, it had provided the stage for the announcement of the JioPhone.

According to the reports this year's AGM could offer the backdrop of another important development in the telecom sector for Reliance, with the launch of JioFiber, a fiber-to-home service. The commercial launch is likely to come with more information about pricing structures.

Notably Fiber-to-home services have aim at improving the last-mile connectivity of broadband services. Most networks function by bringing a fiber optic cable to a hub in the construction and then connecting individual customers by using conventional cables and due to this a loss in the speed of the connections occur. Bringing fiber optic cables in this last mile of connectivity more often than not delivers dramatic step up in the speed of connections.