RIL to become zero net-debt company within 18 months: Mukesh Ambani

Jio GigaFiber service to launch on 5 Sept 2019

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.

According to the company's latest shareholder communication, Reliance Retail and Jio are said to have collectively contributed almost 32% to the consolidated EBITDA of the Indian conglomerate, which is up from the 2% figure, five years ago.

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

Here, we're highlighting everything around Jio GigaFiber that grabbed eyeballs during the AGM 2019.

JioFiber's plans will be priced at Rs 700-10,000 per month "to suit every budget", and the basic plans will begin at 100 Mbps and go all the way up to 1 Gbps, he added. The beta trials of the broadband access were started back in August past year. This will be made available from June 2020. Jio Fiber will have plans ranging from 100Mbps for ₹700 ($10) per month, going all the way up to 1GBps for ₹10,000 ($140) per month.

To attract new customers, a Jio Fiber Welcome Offer will be available.

Jio Fiber customers who opt for annual plans will get HD or 4K televisions and a 4K set top box for free - a plan referred to as the Jio Fiber Welcome Offer. However, details about the plan are yet to be revealed.

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Ever since its launch on September 5, 2016, Reliance Jio has revolutionized the way Indians have consumed data. Voice calls from home will be absolutely free forever for all Jio Fiber subscribers with ISD calls being offered for much lower as well. Further, the default tariffs of Jio Home Phone are touted to be one-fifth to one-tenth of existing industry tariffs.

The Jio International Calling pack costs Rs 500 a month and it offers unlimited free calls to the USA and Canada.

In addition to broadband and fixed-line access, Jio Fiber customers will get access to Jio Postpaid Plus plans, which include a priority SIM-setup service at home. Jio Fiber will commercially launch across India from September 5, 2019; three years after Jio's historic launch. Another big feature of Reliance Jio set-top-box is that it supports online gaming.

Reliance Industries is owned by Mukesh Ambani, Asia's richest man who is worth $45.6 billion, according to the Bloomberg Billionaires Index.

Microsoft has announced a long-term alliance with Jio to accelerate India's digital transformation. The set-top box will also apparently support nearly all gaming controllers.

For MSMEs, Reliance Jio has special plans ready. The Jio HoloBoard Mixed Reality headset is expected on sale shortly. Rather than just Amazon or Google services, though, the device will support Jio's suite of apps, Android games and even game controllers. "This creates exciting new possibilities for entertainment, shopping, gaming and most importantly for education".

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