Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal

Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal

Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal

Yet, the whole industry is expecting them to speak about the launch of Jio Phone 3, which is yet another branded and economical smartphone from the Jio stable. The company's service is still in testing, and once the official rollout starts, it will go live in 1100 cities. Currently, the telecom provider is not charging the users except refundable security deposit of Rs 2,500 to 4,500 depending on the location. During the announcements, Mukesh Ambani made some significant revelations about Reliance Jio's current market situation and shared its plan about the future. At the AGM we expect the company to officially launch the pricing and various plans associated with the broadband service. "We are calling this the JioGigaFibre".

"India because of you, Jio has not only become the largest operator in India but is the second largest operator in the world on a single platform", he said.

From what is leaked and rumored so far, JioGigaFiber will come with Jio Triple Play plan. Subscribers will get up to 100GB complimentary data at speeds of up to 50Mbps. Meant to be a "platinum grade service", the Jio Postpaid Plus will offer priority SIM set-up service at home, family plans with data sharing, global roaming, and phone upgrades at preferential rates.

Plan 1: Basic 100Mbps connection: Jio, under this plan, could offer only the broadband service with a minimum speed of 100Mbps. More details will be revealed at the event. He added that in 2 years, it is estimated there will be 2 billion connected IoT devices in India, and Jio aims to connect over 1 billion IoT devices.

Also announced was the Jio Fiber Welcome Offer, where Jio Fiber subscribers opting for annual plans (called Jio Forever Plans) will get a HD LED or 4K TVs and a 4K set-top box free.

As for the smaller operators, Jio GigaFiber would extend "buyout offers" to smaller cable and broadband operators, under which smaller operators could sell their networks and customers to Jio in return for a fixed, one-time payment.

As indicated on its website, Jio GigaFiber plans will be available both in prepaid and postpaid options.

USA Basketball names 17 finalists
Pittsburgh Steelers WRs coach Darryl Drake dies at 62