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Reliance Industries AGM: Mukesh Ambani may launch Jio GigaFiber, Jio Phone 3 today

Jio GigaFiber is undergoing trials in several cities, but Mukesh Ambani could announce the official launch date across 1,600 cities in India in today's annual general meeting

twitter-logoBusinessToday.In | August 12, 2019 | Updated 11:50 IST
Reliance Industries AGM: Mukesh Ambani may launch Jio GigaFiber, Jio Phone 3 today
RIL Chairman Mukesh Ambani

Reliance Industries Ltd (RIL), in its 42nd annual general meeting on Monday, is expected to make big announcements about the launch of much-awaited Jio GigaFiber and Jio Phone 3. GigaFiber, which is a combo service of broadband, fixed and television, could also be a market disrupter like Reliance Jio. In the company's last annual general meeting, RIL Chairman Mukesh Ambani had laid out plans to come up with a fibre-to-the-home (FTTH) service. While Jio GigaFiber is undergoing trials in several cities, Mukesh Ambani could today announce the official launch date across 1,600 cities in India. The RIL Chairman is likely to launch another major offering from the telecom company, Jio Phone 3, one of the cheapest smartphones with all the latest features. The AGM will start around 11 AM on Monday.

Also read: RIL AGM Live Updates: Reliance Jio Fiber to be launched on September 5, says Mukesh Ambani

In July, Mukesh Ambani had said that the beta trials of Jio GigaFiber services had been very successful and the entire bouquet of smart home solutions would soon be rolled out to targeted 50 million households and beyond.

"Wireline network connectivity in India continues to remain underserved. Jio is working towards serving the need for better connectivity with its GigaFiber services. Jio, with its FTTH services, has set a target of connecting 50 million homes across the country," his letter to shareholders said.

Like Reliance Jio, GigaFiber is also likely to take the broadband market by storm. Reports say the base plan of GigaFiber could be priced at as low as Rs 600 per month and will offer a combination of broadband, IPTV and a landline connection. Data speed will be around 50mbps and consumers will get 100GB per month. All the plans of Reliance Jio GigaFiber are expected to get complimentary landline connection for free.

According to Merrill Lynch, from US brokerage firm Bank of America, Reliance Jio GigaFiber could launch with at least three data plans, starting at Rs 500 per month.

  • Plan 1: Basic 100Mbps connection: Jio, under this plan, could offer only the broadband service with a minimum speed of 100Mbps.
  • Plan 2: Basic connection + GigaTV: The second plan could offer additional access to GigaTV service through a set-top box apart from the broadband service. However, GigaTV is expected to be the IPTV service, which will rely on Internet to stream TV channels.
  • Plan 3: Basic connection + GigaTV + IoT: The third plan, which is expected to be priced quite high, i.e. over Rs 1,000 per month, could offer GigaFiber broadband service, GigaTV subscription and a third IoT controller device to help users control smart appliances.

Edited by Manoj Sharma

Also read: Reliance Jio GigaFiber launch: Broadband service may come with 3 plans; check out details

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