Reliance Jio to be launched on Sept 5, says Mukesh Ambani

Mukesh Ambani, chairman & managing director, Reliance Industries Limited, on Thursday announced the launch of Jio 4G services in India at RIL's 42nd Annual General Meeting (AGM) in Mumbai.

"Jio stands on five pillars: best quality broadband network with highest capacity (all-IP network), affordable 4G smartphones, compelling applications and content, superior digital service and affordable and simple tariffs," Ambani said.

Here are the key takeaways from Ambani's speech:

1. No more black out rates and surge pricing during festivals  
2. No more non-transparent, difficult to understand bills
3. All voice calls and messages free
4. No roaming charges within india
5. Data rates to be 1/10 of market charges
6. Lowest LTE data rates in the world
7. Data will be charged at Rs 50/GB
8. 1 million Wi-Fi hotspots across country
9. Students to be offered 25 per cent more data on Jio's main package.