Mukesh Ambani Unveils Jio Fiber, Plans Start Rs 700

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Reliance Industries has unveiled its much awaited wired broadband service Jio GigaFiber starting at 700 a month going up to 10,000 a month depending on the usage plans, which will combine wired broadband, television content, landline calling and a host of smart solutions such as multi-player gaming and video conferencing.

JioGigaFiber has received over 15 million registrations from 1,600 cities. The company has drawn up a plan to reach 20 million homes and 15 million business enterprises.

“We will start this service commercially from 5 September at rates which are one-tenth compared to global rates,” Reliance Industries Ltd Chairman Mukesh Ambani said at the 42nd AGM . JioGigaFibre has received over 15 million registrations from 1,600 cities and the company has drawn up a plan to reach 20 million homes and 15 million business enterprises.

“Customers opting for one-year plan for Jio GigaFiber will even get an HD 4K LED television and a 4K set-top box free. We are calling this the Jio GigaFiber welcome offer,” Ambani said. The fibre offering will support mixed reality (augmented reality and virtual reality combined) which would enable immersive shopping experiences, high definition entertainment apart from high quality video calling anywhere in India. Registrations for Jio GigaFiber had opened in August last year.

A few months later, in October, Reliance said it would buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for 5,230 crore—a move that it said would boost Jio GigaFiber. Through these investments, Jio said it plans to boost 27,000 local cable operators that are aligned with Den and Hathway through superior back-end infrastructure, tie-ups with content producers, and investment in digital infrastructure for connecting customers.

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