"Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India", Ambani said.
Ambani also said that RIL has received Letter of Intent from the Government to set up Jio Institute under the Institute of Eminence framework.
Here, we're highlighting everything around Jio GigaFiber that grabbed eyeballs during the AGM 2019.
But shares of telecom majors Bharti Airtel and Vodafone Idea slid 4 per cent and nearly 5 per cent respectively as the announcements spurred worries of a repeat of what happened just three years ago when Reliance's Jio burst on to the scene. Jio Fiber will commercially launch across India from September 5, 2019; three years after Jio's historic launch. While the upcoming service has been on trial run since past year, he added that trial homes are, on average, consuming more than 100 GBs every month indicating the ever-increasing usage of internet in India. Thanks to Jio's initial generosity and the subsequent pricing wars that it sparked, 4G LTE data ended up becoming very cheap and widely available, fundamentally altering the way Indians consumed data. 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.
100 MBPS plan will cost ₹700 per month while the 1000 MBPS plan will cost ₹10,000 per month.
What are your thoughts on Reliance Jio Fiber?
To increase user engagement, Jio GigaFiber is set to offer various other entertainment opportunities to its consumers. However, details about the plan are yet to be revealed. On the other hand, Jio Postpaid Plus is exclusively available only for JioFiber users who want to explore platinum-grade service and product from Jio. "So, Jio Fiber customers who opt for our annual plans which we call Jio Forever plans, will get an HD or 4K LED TV and a 4K set top box absolutely free", he said. Further, the default tariffs of Jio Home Phone are touted to be one-fifth to one-tenth of existing industry tariffs. Ambani also announced the launch of a special unlimited monthly global calling plan (to the United States and Canada only) that costs only INR 500.
The annual plans will come bundled with 4K TV offer which will work with Jio TV to deliver Live TV viewing experience. He also added that the company has already invested in 14 startups that complement Jio's services.
Along with GigaFiber, Jio launches GigaTV, which can allow users to live stream high resolution content using a dedicated set-top box.
Apart from these, the set-top boxes will support console-quality gaming, rife with an in-built graphics card.
As part of the deal, Saudi Aramco will also provide 5 lakh barrels per day (bpd) of crude supply to RIL's twin refineries in Jamnagar on a long-term basis. Also, it is said to have built-in graphics.