Reliance AGM 2019: JioFiber Welcome Offer, Jio PostpaidPlus and other top announcements

Akash Ambani and Isha Ambani demonstrate features of Reliance's virtual reality headset called Mixed Reality device

Akash Ambani and Isha Ambani demonstrate features of Reliance's virtual reality headset called Mixed Reality device

Making the announcement at Reliance Industries' 42th annual general meeting, he said this would be the biggest foreign investment in the history of the company.

Ever since its launch on September 5, 2016, Reliance Jio has revolutionized the way Indians have consumed data. 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.

Jio Fibre will be available from 5 September 2019 onwards and the data plan will start from Rs 700, says Reliance Industries CMD Mukesh Ambani.

Moreover, the company has also announced its ambitious goal to set up a complimentary GigaFiber service that will be connected via nodes positioned across the country. The Jio Phone 2 was launched at Rs 2,999 wherein the company also revealed exchange offer for Rs 501.

Reliance Jio has developed an innovative service on its pan-India 4G network called Narrowband Internet-of-Things (NBIoT), and it aims to connect at least 1 billion devices on its IoT platform, translating into revenue of ₹20,000 crore per annum.

Over the next twelve months, Jio plans to install one of the largest blockchain networks in the world that will include throughs on nodes that be operation when the services takes off.

Jio also announced its premium JioFiber customers will get access to new movies released on the same day.

Additionally, Ambani announced RIL's partnership with Microsoft Cloud to harness blockchain technology, promote startups as well as a mega $75 billion stake deal with Saudi Aramco. This should greatly reduce buffering and latency for OTT streaming apps. Based on Microsoft's cloud platform Azure, these data centres will help Indian enterprises in digital transformation.

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.

That being said, Ambani also said the plans offered by Jio can also go up to ₹10,000 per month.

JioFiber customers opting for annual plans will get an HD or 4K LED television and a 4K set-top-box free, he said. It also plans to offer family plans with data sharing and worldwide roaming at a fraction of a cost. Stay tuned for more details on TechPP.

He added, "It will be priced between Rs 700-10,000 to suit every budget, every need".

Rivals such as Amazon Web Services and Google offer similar services at multiple times that price, and technology analysts said Ambani's move could spark a price war in the Indian cloud market, expected to grow at an average 23% annually over the next five years to touch $5.6 billion.

Reliance Jio, which has now become India's biggest telecom operator and second-biggest telco globally (in a single country) has now set its sights on home broadband service in the country.

Reds claim Galvis off waivers from Blue Jays
China Close to Release Cryptocurrency Despite Libra Comments