Airtel and Voda Idea shares dip on back of Jio’s announcements

Jio GigaFiber service to launch on 5 Sept 2019

Speaking at the 42nd Annual General Meeting (AGM), Reliance Industries' Chairman and Managing Director Mukesh Ambani said Jio will also offer unlimited worldwide calling pack from its landlines to the USA and Canada at Rs 500 a month, and that default tariff plans will be one-fifth to one-tenth of existing market tariffs.

Ambani said that since its announcement past year, Jio received over 15 million registrations from almost 1,600 towns.

Jio with over 340 million mobile subscribers has become the country's largest operator in revenue terms within three years of launching its mobile services and now hopes to pull off the feat in fixed-line broadband services.

Here, we're highlighting everything around Jio GigaFiber that grabbed eyeballs during the AGM 2019.

Here's everything announced at the RIL 42nd AGM.

The Jio Fiber service will be launched on September 5.

Apart from Blockchain, Jio is planning to deliver Virtual and Mixed Reality content by setting up a pan-India Edge Computing and Content Distribution network again starting with tens of thousands of nodes. This service won't be available immediately but Ambani stated that it should be live by mid-2020. The lowest of its plans will start at speeds of 100Mbps and go all the way up to 1Gbps. The RIL Chairman clarified that these products will be absolutely free with the Jio Forever Plan or Jio Fiber Welcome offer. "So, Jio Fiber customers who opt for our annual plans which we call Jio Forever plans, will get an HD or 4K LED TV and a 4K set top box absolutely free", he said. Subscribers who use JioFiber services will be eligible for the Jio Postpaid Plus service. Further, the default tariffs of Jio Home Phone are touted to be one-fifth to one-tenth of existing industry tariffs.

Jio's also making global calling cheaper by setting the default tariffs to one tenth of the industry average and, for USA and Canada exclusively, users can purchase unlimited calling at ₹500.

Reliance Jio's GigaFiber broadband service is set to roll out in India next month. Jio Postpaid Plus plans are said to provide a "platinum-grade" experience, and will also include "unprecedented Family plans", affordable worldwide roaming, and phone upgrades at "preferential rates". Jio GigaFiber will be launched on a commercial basis on 5 September on the third anniversary of the telecom giant's launch. Among these announcements were some details of the Jio Set-Top-Box (STB), a device that will be included with JioFiber connections.

The announcement was done by the Chairman of Reliance Telecommunications Mr Mukesh Ambani.

But shares of telecom majors Bharti Airtel fell 4% and Vodafone Idea slid nearly 5% as the announcements spurred worries of a repeat of what happened just three years ago when Reliance's Jio burst on to the scene.

For MSMEs, Reliance Jio has special plans ready.

The company is also working on a Point of Sale (POS) Solution - Jio Prime Partner POS, which is said to enable inventory management, customer relationship management, financial services and other services for small merchants.

Related News:

Most liked

W Series champ Jamie Chadwick hopeful of breaking into F1
The Series is hosted as a support event to the German Touring Car (DTM) championship and that will remain the same. For Chadwick, still just 21, this W Series triumph is likely to be her springboard to loftier feats.

S. Korean Hur Mi-jung wins Ladies Scottish Open
Mi Hyang Lee , the 2017 victor , was fourth at 12 under after a 68. "That was working really well today and it bring me a good result".

Minecraft's long-promised Super Duper Graphics Pack overhaul is dead
Last month, Minecraft developers Mojang revealed a brand new game in the Minecraft universe: Minecraft Dungeons . Devs say they weren't happy with the way the Super Duper Graphics Pack performed across devices.

Perseid showers put on a show tonight and tomorrow
The shower will be visible all over the United Kingdom , as long as the skies are clear. Ice and dust from the comet burn up in our atmosphere, creating the meteor shower.

Nike launches Nike Adventure Club, a shoe subscription for kids
Shoes arrive in a personalized box and come with "exclusive adventure guides" that offer ideas for outdoor activities. This new adventure club removes the hassle of shopping for parents and invites kids to start an adventure.

WhatsApp Beta for Android Finally Gets Fingerprint Lock Feature
Screen lock is available for users on the abovementioned Beta release, and who are using it on Android Marshmallow and above. The social messaging app now allows users to choose when they have to authenticate their identity in order to use the app.

Cowboys' Dak Prescott turning down over $30M per season?'s Charean Williams reported, citing her own sources, that Prescott did not demand $40 million per year. Dak is entering the final season of his rookie, four-year contract that will pay him a little more than $2 million.

Solskjaer confident Man United squad can win over doubters
For me, when you're in a squad with a lot of young players who share the same ambition and have the same drive, I can only see us succeeding.

Android users can log into some Google services using their fingerprint
The problems with passwords are numerous, but things are slowly changing with biometrics, hardware security keys, and so on. Once Google has credentials for a specific Android device, users can log in with their fingerprint to a compatible service.

Italy's Salvini warns against 5-Star/PD government
M5S and the League party formed a coalition government on June 1, 2018 under the leadership of technocrat Prime Minister Giuseppe Conte .

Alex Rodriguez’s auto was robbed shortly after Sunday Night Baseball
Alex Rodriguez's "Sunday Night Baseball " trip to San Francisco didn't quite end the way he wanted it to. A week later, he was filing a police report after broadcasting a Giants-Phillies contest.

PA firefighter loses three children in daycare fire
Crotty said that at the time of the fire Jones was responding to another call for what turned out to be a malfunctioning alarm. Paul Laughlin places stuffed animals outside the home in Pennsylvania where five children died in a fire.

System Shock 2 Is Getting Its Own 'Enhanced Edition'
However, with this news it could mean that System Shock remake is nearly ready to be released. System Shock 2 Enhanced Edition coming soon! It was released back in 1999 for Windows PC.

Malaysian shamans conduct rituals to help locate missing Nora Quoirin
The family have said they remain hopeful after police leading the investigation refused to rule out a "criminal element". Those with any information are urged to call the police hotline at 011-1228 5058 or email .

Tuesday weather worth watching
Heavy rains, strong winds, large hail, and even tornadoes are forecast for swaths of the central United States on Monday . After this system, we drop temperatures into the 70s before returning to the 80s and sunshine by the end of the week.