Live Updates: All Jio users to get free services till March 2017
Update on Reliance Jio‘s performance since its launch two months ago and possible introduction of new schemes for its customers are among the topics that could be covered during this announcement.
2:20 pm: SP Tulsian says that for Reliance Industries to have Rs 70,000 crore from telecom operations, Mr Ambani will hope to achieve 100 million subscriber base.
2:10 pm: The second round of bad patch for telecom stocks have begun, says SP Tulsian, adding that the response has been phenomenal.
2:05 pm: Ambani ends his speech. Idea is losing ground, along with Airtel and Reliance Communications.
2:00 pm: Ambani credits PM Narendra Modi with bringing unproductive money into productive use.
1:55 pm: Jio customer will get 30 times the average usage on other networks free till March 31, 2017.
Ambani announces Happy New Year offer with free services for all users till March 2017
1:50 pm: I want to announce today that starting December 4, every new Jio user will get Jio data and voice, video and full bouquet of content will be free till March 31, 2017.
1.45 pm: We haven't received the required support from existing operators. About 900 crore voice calls from Jio customers to the networks of our three largest operators were blocked.
1.44 pm: Jio signed on 6 lakh customers every single day for the past three months. Jio has crossed 50 million customers.
1.42 pm: Jio customers are making most of the Jio Welcome Offer launched in September. On an average, Jio cusotmer is using 25 times more data than the average Indian broadband user, says Ambani
1.40 pm: Jio has become the fastest growing technology company in the history of the world, says Ambani.
1.36 pm: Mukesh Ambani begins speaking.
1:35 pm: I won't rule out some DTH foray by Reliance Jio. There is an issue around deals with broadcasters as the rules aren't very clear, says Abneesh Roy of Edelweiss Financial.
1:30 pm The focus could be on digital payments, says Prakash Diwan.
1:15 pm Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is set to address stakeholders in 15 minutes.
Since 2014, when social media was first used by the company it has been adding more platforms to address shareholders. Flame of Truth and Jio Digital Life are the two RIL channels on YouTube besides Twitter handles - @FlameOfTruth, @RelianceJio and @RIL_foundation.
Update on Reliance Jio’s performance since its launch two months ago and possible introduction of new schemes for its customers are among the topics that could be covered during this announcement. Jio has acquired 50 million subscribers in 85 days since its September 5 launch.
(Disclosure: RIL, which owns Reliance Jio, also owns Network18 and moneycontrol.com).