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.

More news: Iran Navy Chief: Zionist presence in Persian Gulf may trigger war

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".

Related News:



Most liked

North Korea Using Crypto Mining to Fund Military; UN Investigations Underway
The United Nations has officially begun an investigation into allegations against North Korea and its cyberattacks. Cryptocurrency mining 'a source of funds for the professional branch of the military'.

U.S. delays tariffs on cellphones, laptops and toys from China
Stock markets cheered the development, with the Dow Jones Industrial Average jumping 500 points or nearly two per cent from Monday's close.

Nike is now peddling a shoe subscription service
"But now, a solution: Nike Adventure Club , Nike's first footwear subscription service for children". The options will cost either $20, $30, or $50 per month, respectively.

Fortnite $3 million victor swatted during Fortnite match
However, in April a gamer was sentenced to 20 years in jail for making a swatting call that led to an innocent man being killed. Police told ESPN that they believed the call came from Europe but did not provide any other details on the suspected "swatter".

Raiders WR Antonio Brown in "breach of contract" over helmet issue
"You get used to the same helmet for a long period of time and I did that", Brady said Monday on WEEI sports radio in Boston. This was a total accident. "The player can't practice or play in games with equipment that's not approved", McCarthy said.

Your phone can now verify you in Google Passwords
The problems with passwords are numerous, but things are slowly changing with biometrics, hardware security keys, and so on. Users will now be able verify their identity through the screen unlock function via their Android devices.

Queen, despite Epstein scandal behind Prince Andrew - view
He and Epstein reportedly met in the late 1990s, introduced by Maxwell, daughter of disgraced media mogul Robert Maxwell. The claim was made by Juan Alessi during a testimony pertaining to a defamation case filed by Virginia Giuffre .

Changes To Environmental Species Act Could Impact Regional Wildlife
This disregards the cumulative "death-by-a-thousand-cuts" process that is the most common way wildlife declines toward extinction. The new rules will limit wildlife agencies' ability to designate critical habitat in unoccupied areas needed for recovery.

Olivia Colman, Tobias Menzies to Star in 'The Crown' Season 3
Netflix dropped the first teaser for the show's third season this morning, and admittedly, there's not a lot to go on. Prince Charles and Princess Anne will also grow older with Josh O'Connor and Erin Doherty filling in those roles.

Italy parties meet as Salvini's election bid meets resistance
However, it was not all sunshine for Salvini in Policoro, one of the southern areas where M5S did well in last year's general election.

Liverpool eye Chelsea scalp in Super Cup
Brazil global Alisson was replaced by summer signing Adrian six minutes before the break in the Norwich game with his side already leading 3-0.

£100,000 donated to search for Nora Quoirin
The reward of 50,000 Malaysian ringgit - approximately €10,600 - was donated by an anonymous Belfast business, Nora's family said. In a video broadcast on local media, she added: "We want to say thank you to each and every one of you".

Happy Birth Anniversary To The Legend, Sridevi
For her first death anniversary, Boney Kapoor and daughters Khushi and Janhvi held a puja in the loving memory of Sridevi . It has nearly been a year and a half since Sridevi passed away but she yet continues to live in the hearts of her fans.

Canada cable vehicle cord severed in likely act of vandalism, say police
On Saturday, nearly all of the 30 gondola cars that were attached to the cable came crashing to the ground , staff told CBC News . After passengers take the 10-minute ride up 885 metres above sea level, they can go on hikes or eat at one of the food outlets.

National Basketball Association releases 2019-20 schedule, doubleheaders to tip off earlier
Kemba Walker will return to Charlotte as a Celtic on November 7, and we'll have our first look at Terry Rozier as a Hornet. The most hard matchup of the month figures to be the Clippers' road game against the Philadelphia 76ers on February 11.