Saudi Aramco to buy 20% stake in Reliance's Oil to Chemicals division

Marco Green
August 13, 2019

They have planned to launch GigaFiber on their 3rd anniversary in India. While the cost of subscribing to the annual package hasn't been revealed as of now, the monthly plans will range between Rs 700 to Rs 10,000.

"The potential for growth is huge and half a billion customers, is now I believe well within our reach", he said.

"The day is not far when the share of Reliance Retail and Jio would be 50% to our total earnings", added Ambani.

Microsoft is also partnering with Reliance Jio to bring Azure, Azure AI and Microsoft 365 to Indian data centers.

Set-top box: The subscribers of JioFiber will be provided with a set-top box, which boasts of certain novel smart features.

The Jio Fiber service will be launched on September 5. Voice calls from home will be absolutely free forever for all Jio Fiber subscribers with ISD calls being offered for much lower as well.

Jio's also making global calling cheaper by setting the default tariffs to one tenth of the industry average and, for United States and Canada exclusively, users can purchase unlimited calling at ₹500. Now, the company plans to reach 20 million residences and 15 million business establishments.

JioFiber data plans will be bundled with subscriptions to premium OTT platforms. Which ones? Well, we don't know yet.

Rivals such as Amazon Web Services and Google offer similar services at multiple times that price, and technology analysts said Ambani's move could spark a price war in the Indian cloud market, expected to grow at an average 23% annually over the next five years to touch $5.6 billion. This service won't be available immediately but Ambani stated that it should be live by mid-2020.

Jio also struck an alliance with Microsoft and also rolled out its commercial launch date for fibre to home among other measures to boost subscriber numbers. Reliance Jio is also set to offer an HD LED TV or 4K TV alongside a 4K set-top box for customers opting for an annual plan called Jio Forever Plan.

On Monday, addressing Reliance shareholders via a recorded video message, Microsoft's Indian-born Chief Executive Satya Nadella said: "Together, we will offer comprehensive technology solutions - from compute and storage, to connectivity and productivity - to small and medium businesses everywhere in the country".

Jio Postpaid is available to any customers who want to buys Jio SIM.

Isha Ambani-Piramal, whose lavish December wedding (think Beyoncé, Hillary Clinton in Udaipur, and weeks of celebrations) created waves not just in the country, but also made headlines globally, stuck to tradition as she joined her family at the AGM.The heiress, who was spotted sans husband Anand Piramal, was twinning with grandmother Kokilaben in an ivory kurta and plazzo set with floral motifs. Thanks to Jio's initial generosity and the subsequent pricing wars that it sparked, 4G LTE data ended up becoming very cheap and widely available, fundamentally altering the way Indians consumed data. The connectivity and cloud infrastructure for budding startups will be free, Ambani said, from January 1, 2020.

Other reports by Click Lancashire

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