Reliance Jio Announces Rs 500 International Landline Roaming Pack to JioFiber Users

Jio GigaFiber, JioPhone 3 Likely To Launch At AGM 2019: Watch The Live Stream Here

In the last five years, the company has invested Rs 5.4 trillion to generate EBITDA in excess of US$ 1 billion annually for over a decade.

Reliance Jio, country's leading telecom service provider is expected to launch Jio Phone 3 at 42nd Annual General Meeting (AGM) of Reliance Industries Ltd. While it first showed interest in investing in RIL around the end of past year, talks gathered momentum following the visit of Saudi crown prince Mohammed bin Salman to India in February, during which he met Ambani.

The deal with Aramco, which values the business at $75 billion including debt, also includes an agreement for Aramco to sell up to 500,000 barrels per day (bpd) to Reliance's Jamnagar refinery in the western Indian state of Gujarat. There is no update as of yet on how much will these annual packages cost. "Final fuel de-risking shall target the elimination of gasoline, alkylate and diesel, synchronised to the global evolution of E-mobility and transport fuel demand decline". "The potential for growth is vast, and half a billion customers is now well within our reach", he said while addressing the shareholders on Monday.

Jio GigaFiber will be launching commercially on September 5th with four tariff plans on offer ranging between INR 700 to INR 10,000. The strategic effort will aim to enhance the adoption of data analytics, AI, cognitive services, blockchain, Internet of Things, and edge computing among small and medium enterprises. "I am pleased to announce that voice calls will be free for home broadband subscribers", said Mukesh Ambani.

Reliance Industries is owned by Mukesh Ambani, Asia's richest man who is worth $45.6 billion, according to the Bloomberg Billionaires Index. It will also come up with a free LED TV and Jio HD / 4K Set Box as a part of Jio Giga Fiber Welcome Offer. Jio Fiber plans to reach 20 million residences and 15 million business establishments in these 1600 towns.

Aramco, the world's biggest oil company, is planning an initial public offering in 2020 or 2021.

Jio has also purchased Hathway and Den Networks, two of India's largest cable feed providers, and is now negotiating with the business partners of these two networks to work out an arrangement to provide its GigaFiber services to their customers. Based on Microsoft's cloud platform Azure, these data centres will help Indian enterprises in digital transformation. On September 5, Jio turns three years old, he said, adding that Jio has made India "data shining bright". He also announced that the company will offer Jio and Azure-cloud service to Indian technology startups absolutely free. Reliance will also provide connectivity, business and automation tools to small businesses in the country at the rate of Rs 1,500 per month.

The company had also announced that Jio services would cover 99 percent of India's population in 12 months. On the first day of its launch, "tens of thousands of nodes will be operational", he claimed.



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