Sunday, 25 August, 2019

Saudi Aramco To Acquire 20% In Reliance Industries' Oil-To-Chemicals Business

Jio GigaFiber service to launch on 5 Sept 2019 Reliance unveils JioFiber broadband service, data plans start at Rs 700 per month
Jean Garcia | 13 August, 2019, 23:40

The service, which was initially rolled out by RIL subsidiary Reliance Jio as a trial, has garnered over 15 million registrations from almost 1,600 towns in less than 12 months, RIL Chairman and Managing Director Mukesh D Ambani revealed while addressing the attendees at the AGM. "On fixed-line global voice calling, we are today ending the era of high worldwide calling rates on landline by announcing the lowest fixed line rates for global calling...", he said. The network will launch fibre services on its birthday - with plans being priced between Rs 700 to Rs 10,000 per month.

"...The average fixed-line download speed in the United States which is the most developed economy is around 90 Mbps".

Airtel's monthly plans start from Rs 799 with internet speeds of up to 40 Mbps and 100GB broadband data.

Jio GigaFiber will also include subscriptions to several top premium OTT applications.

"Also, for the first time in India, we are introducing a disruptive concept for watching new movies". We call this Jio First Day First Show. This year's meeting saw the addition of two new faces, with the Ambani daughter-in-law Shloka Mehta, and Anant's girlfriend Radhika Merchant also in attendance.

100 MBPS plan will cost ₹700 per month while the 1000 MBPS plan will cost ₹10,000 per month.

Ambani announced that JioGigaFiber generated 15 million registrations from 1,600 towns, since its announcement.

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And now, it's going to launch commercially on 5 September 2019 across India on Jio's three year anniversary with the aim of reaching 20 million households and 15 million businesses.

Every registered Jio Fiber user under Jio Welcome Offer will get a free Full HD TV and free service for some months.

Jio Postpaid is available to any customers who want to buys Jio SIM. Another big feature of Reliance Jio set-top-box is that it supports online gaming.

"Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India", said Ambani.

Mukesh Ambani posed for shutterbugs, flanked by the women in his life, mother Kokilaben and wife Nita.While Nita Ambani opted for a pastel pink suit paired with strings of pearls and diamond earring, the Reliance matriarch - who has been a regular face at the AGMS over the years - was dressed in a floral saree, complemented by a pendant featuring Lord Shrinathji in a chain of pearls.

"We now have the capability to develop truly India-native solutions, including speech recognition and natural language understanding for all major Indian languages and dialects", said Ambani, Asia's richest man with a net worth of $46.2 billion according to Forbes. "The potential for growth is huge, and 500 Mn mark is soon to be achieved", he added. The investment cycle of Jio is now complete, and only marginal investments would be needed in areas to grow capacity, he said adding that this gives the company strong operational leverage and superior return on investments for years to come.

RJio is expecting ₹20,000-crore revenue from its IoT platform, which will be launched from January 2020.

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