Meanwhile, answering queries on the performance of its media and entertainment arm TV18, Ambani said plans are underway to improve its performance..Earlier, he said Jio is targeting to expand its wireless network to cover 99 per cent of the countrys population in the next 12 months which will make sure that the 4G coverage in the country is more than the 2G one.A majority of the shareholders welcomed the performance of the company and the bonus issue declared today but there were some who suggested a relook at the dividend allocation policies. "We will work in terms of making sure that on TV-18, we have a value creation path," he told the shareholders.Its biggest rival Airtel is already present in the fixed line segment, albeit with a smaller footprint.

Some shareholders had also asked him about the rationale of investing to pick up 25 per cent share in Balaji Telefilms, which was announced yesterday."In next level, were very focussed in terms China boundary wire Manufacturers of giving fixed line connectivity to both home and enterprise," Ambani said, answering shareholder queries at the companys 40th annual general meeting here.According to experts, convergence is a big opportunity for telcos which entails providing wireless, fixed line, direct to home and video on demand services to a single family or a business.Jio today launched a 4G-ready handset targeted at the 50 crore Indians using a feature phone at present.Mumbai: Reliance Industries chairman Mukesh Ambani on Friday said rolling out fixed line services will be the next focus area for the companys telecom services arm, Reliance Jio, after the wireless expansion. As part of the offering, it is also giving a cable to connect with the TV as a special accessory to display the phone content on a bigger screen.