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Here are some key takeaways from the RIL AGM:
> Reliance JioPhone to be available to everyone for free of cost
> Over 125 million mobile users on the company’s network
> Reliance will collect a fully refundable, one-time, security deposit of Rs 1,500 with every JioPhone. The amount will be refunded after three years
> JioPhone users will be able to mirror their mobile screen on any kind of TV
JioPhone has many quality features that further blur the line between smartphones and powerful feature phones
Missed the RIL AGM?
Here's the full text: Mukesh Ambani speaks at Reliance Industries' 40th AGM
The effectively free JioPhone was the highlight of the announcements made on Friday.
If you thought that Jio Infocomm Ltd would be a drag on Reliance Industries', then chances are that you have lost the opportunity to make quite a lot of money in a matter of just 10 months.
Reliance Industries' Bonus History
The RIL AGM was broadcasted live in 360 degree Virtual Reality and those owning a VR headsets and compatible smartphone could watch it in Virtual Reality.
Major telcos and cable networks fell between 2 and 9 percent intraday after the company unveiled the JioPhone at its AGM.