Beginning the presentation, Reliance chairman and managing director Mukesh Ambani stated that Jio had crossed the 340 million subscriber mark to remain among the world's fastest-growing digital services. While Mr. Ambani did not announce any FUP restrictions (Fair Usage Policy), Jio's plans usually have promised speeds up to a generous limit, and then unlimited data beyond that at throttled speeds.
Despite gathering a huge chunk of subscribers over the past couple of years, Ambani claimed that the company's continuing to sign up 10 million new customers every month. "The potential for growth is huge, and 500 Mn mark is soon to be achieved", he added.
Here's a look at all the key Jio-related announcements, Reliance revealed at its AGM this year. The company will also offer special mobility service for Jio Fiber users to deliver a platinum-grade service and product experience. The set-top box will also apparently support nearly all gaming controllers.
Airtel's monthly plans start from Rs 799 with internet speeds of up to 40 Mbps and 100GB broadband data.
Reliance shares were also buoyed by the news that Saudi Aramco plans to invest roughly $15 billion for a 20% stake in its oil-to-chemicals business. "(We have) plan to reach 20 million residences and 15 million business establishments in 1,600 towns", the business tycoon announced.
Aside from the commercial launch of Jio Fiber, Ambani at the AGM detailed Jio Home Phone that will be the fixed-line service available alongside high-speed broadband service to enable worldwide calling with the "lowest fixed-line rates". Reliance Jio's much talked about GigaFiber broadband service finally gets a launch date of September 5. Which ones? Well, we don't know yet. Jio has also launched a service where its customers can directly watch movies released on the very first day from home itself. "We plan to launch this service in the middle of 2020", Mukesh Ambani, Chairman RJio, said.
Jio GigaFiber customers will able to make free voice calls from the landline to any operator (mobile or fixed) in India. Global voice calling will also be available through the fixed-line, with one of the plans revealed to have unlimited calling to the USA and Canada for just ₹500 ($7) per month, though most families now utilize app-based free calling solutions such as WhatsApp. Jio GigaFiber will be launched on a commercial basis on 5 September on the third anniversary of the telecom giant's launch.
That being said, Ambani also said the plans offered by Jio can also go up to ₹10,000 per month. Jio has also partnered with companies like Tencent Games and Microsoft to bring in more games in the future.
Reliance Jio has been testing its optical fiber broadband network since August a year ago. Also, the company will be offering free internet, cloud space and connectivity for the new-age startups.
Jio's set top box is equipped to support VR and MR content.