Tuesday, 20 August, 2019


Jio GigaFiber Plans, Pricing, Launch Date: All You Need to Know

Jio GigaFiber service to launch on 5 Sept 2019 Reliance unveils JioFiber broadband service, data plans start at Rs 700 per month
Conrad Doyle | 13 August, 2019, 23:41

Aramco will acquire a 20% stake in the company's oil-to-chemicals business, including the 1.24 million-barrel-a-day Jamnagar refining complex on India's west coast, Reliance Chairman Mukesh Ambani said in Mumbai. Jio, however, still hasn't elaborated on all the plans and their exact prices.

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 enormous, and 500 Mn mark is soon to be achieved", he added. The oil, retail and data czar's speech, that lasted for almost 90 minutes, included several announcements for the future of the Reliance.

The Jio Set-Top Box will rely on the broadband connection and is a combination of a gaming console. The set-top box will also apparently support nearly all gaming controllers. The network will launch fibre services on its birthday - with plans being priced between Rs 700 to Rs 10,000 per month. The company will also offer special mobility service for Jio Fiber users to deliver a platinum-grade service and product experience.

RJio had soft-launched broadband services a year ago and had received interest from 15 million users. There was speculation about Aramco buying a 20 per cent stake in the business for about $15 billion, but Khalid Al-Dabbagh, Aramco's chief financial officer, declined to confirm those figures and said the talks with Reliance were at "an early stage". The Reliance CMD also confirmed that the company is testing the service with 5 lakh homes already - making it the largest beta testing program in the world for a home internet service. Which ones? Well, we don't know yet.

Speaking at the AGM, Mukesh Ambani said, "for the first time in the Indian market, Reliance has come up with a disruptive concept of watching new movies". This service - Jio First Day First Show - will be launched in mid-2020. Pricing for the annual plans will also be announced the same day. More details about these tariffs will be available on Jio.com and the MyJio app on September 5. Reliance Jio is also set to offer an HD LED TV or 4K TV alongside a 4K set-top box for customers opting for an annual plan called Jio Forever Plan. It also announced that it will henceforth forge partnerships for major businesses with global giants and confirmed reports of strategic interest in its telecom and retail businesses.

The biggest announcement for consumers that took place at RIL's 42nd AGM on Monday was the commercial launch schedule of Jio GigaFiber.

Jio said it will also invest in and financially support those startups that support India's needs in agriculture, skill development, and healthcare. At launch, Mukesh Ambani said JioFiber will power three levels of users starting with home, small businesses and large enterprises.

Keeping the mixed economy structure of Indian internet users, Jio GigaFiber's plans have been fixed from 100 mbps speed to all the way up to 1 Gbps.

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