At the 42nd annual general meeting (AGM) of Reliance Industries on Monday, the company’s chairman and managing director, Mukesh Ambani, announced some of the key details related to the launch of its GigaFiber broadband service. Jio GigaFiber service will launch commercially on September 5, with the rollout expected to be completed within the next twelve months.
Here are the key announcements surrounding the fiber-to-the-home (FTTH) broadband service that were made during the meeting.
- The subscription to Jio Fiber will start at ₹700 a month. This is the base plan that offers 100Mbps data speed. The top-end plan for ‘power users’ is priced at ₹10,000 that offers unlimited data at speeds of 1Gbps.
- Ambani said the average fixed-line download speed in the US, the most developed economy in the world, is around 90 Mbps. He then compared it to the lowest and highest plans of Jio Fiber. He also declared that the plans will come at less than one-tenth of global rates.
All the plans will come bundled with a landline connection, HD or 4K set top box and access to Jio’s Internet of Things (IoT). Mr. Ambani promised free voice calls for life from the fixed line connection. Jio is also bringing down the cost of international voice calling by subsidizing rates and will offer offer unlimited ISD calling to US, Canada at ₹500/month.-
The landline, the broadband and the set-top-box would all be connected via fiber-optic cables.
Reliance also introduced a ‘disruptive concept’ of watching movies that it calls ‘Jio First Day First Show’. The service will be launched in mid-2020 and it will let Premium Jio Fiber users to watch movies through the service the next day after they are released in theatres.
Jio says that it has developed an innovative service on its pan-India 4G network called Narrowband Internet-of-Things or NBIoT. Using this service with smart sensors whether residential, industrial or public, the company is looking to connect the whole of India. Jio claims the service will be commercially available from January 1, 2020. Within two years of launch, Jio estimates that there will be more than two billion connected IoT devices in India. The company at least aims to connect one billion of those through Jio’s IoT platform.
Jio has also come up with Jio Forever plans for customers opting in for annual plans. Such long-term subscribers will get an HD or 4K LED TV and a 4K set top box absolutely free. Jio hasn’t mentioned the make, brand or size of the LED TV nor has it mentioned if that would require any sort of security deposit.
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