Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani

Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani

Jio GigaFiber, the promising optical fibre-based service that was announced past year, received a list of updates at the 42nd Annual General Meeting (AGM) by Reliance Industries Limited (RIL) on Monday.

Reliance is exploring a "brand-new" model for data privacy where "Indians' data is owned and controlled through technology by Indian people and not by corporates", by installing blockchain technology across the country, said Mukesh Ambani at Reliance's 42nd annual general meeting.

Here, we're highlighting everything around Jio GigaFiber that grabbed eyeballs during the AGM 2019. The beta trials of the broadband access were started back in August previous year. This service won't be available immediately but Ambani stated that it should be live by mid-2020. It will have a speed of 100 MBPS and going up to 1 GBPS. However, he did mention that there will be plans up to 1Gbps as well.

"We believe that Jio's FTTH Rs 700 price point is comparable to Bharti's broadband average revenue per user (ARPU) of Rs 825". The RIL Chairman clarified that these products will be absolutely free with the Jio Forever Plan or Jio Fiber Welcome offer. Thought he didn't share plan details but did elaborate about its features.

In the last AGM of RIL, Ambani announced the high-speed fixed-line broadband services for retail customers. Reliance is also bundling free landline service with Jio Fiber. Further, the default tariffs of Jio Home Phone are touted to be one-fifth to one-tenth of existing industry tariffs. At an additional cost of Rs 500, you can enjoy unlimited calls to the U.S. and Canada.

Reliance Jio's GigaFiber broadband service is set to roll out in India next month. Pricing for the annual plans will also be announced the same day.

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. Jio has not announced the price of the set-top box yet.

Additionally, the STB will support UHD content (4K), voice-enabled virtual assistants, and even offer smart home controls.

Aramco plans to buy a stake in the refining and chemicals business of India's Reliance Industries it seeks buyers for its crude and diversification downstream. "This creates exciting new possibilities for entertainment, shopping, gaming and most importantly for education". This service will be available to premium subscribers from the mid of 2020. Premium JIOFIBER customers will be able to watch movies in their living rooms the same day these movies are released in theatres.

Mukesh Ambani is trying to hit two birds with one stone through the value-unlocking exercise across RIL's businesses, in which he had invested over ₹5.4 lakh crore in the last five years, of which ₹3.5 lakh crore has been invested in Reliance Jio alone.



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