Reliance Industries chairman Mukesh Ambani has announced the roll-out of Jio Fiber from September 5, with free voice calls, high-speed broadband, free HD 4K televisions and a set-top box.
Speaking at the 42nd annual general meeting (AGM) of the company on August 12, Ambani said international calls for landline subscribers be priced at a tenth of the industry tariffs.
“The average fixed-line download speed in the US is 90 Mbps, in India even with the most basic Jio Fiber plans will start at 100 Mbps. We will have plans to go all the way to 1,000Mbps. India’s broadband will be no less than any service anywhere in the world. This will disproportionately improve the quality of fixed line data in India,” Ambani said.
Jio Fiber plans will be priced between Rs 700 and Rs 10,000, with customers paying only for voice or data and not both, he said.
“Voice calls from home to any Indian operator—mobile or fixed—will be absolutely free forever. We are today ending the era of high international calling rates on landline by announcing the lowest fixed-line rates for international calling through two initiatives. First, the default tariffs on the Jio home phone will be one-fifth to one-tenth of the existing industry tariffs. Second, we are announcing an unlimited international calling pack at only Rs 500 per month to US and the Canada,” Ambani said.
He added that Jio Fiber customers would be able to watch movies on day of release itself.
“Today we keep track and pay for multiple subscriptions to multiple applications just to watch our favourite movies and TV shows. Jio Fiber plans will come bundled with subscriptions on most leading premium OTT applications. Also for the first time in India, we are introducing a new concept of watching new movies. Premium Jio Fiber customers will be able to watch movies in their living rooms on the same day these movies are released in theatres. We plan to launch this service in the middle of 2020,” Ambani said.
Jio Fiber customers who opt for the annual plans will get a high definition 4K television and 4K STB for free.
“Complete details of the tariffs will be available from September 5, 2019 on Jio.com. The experience of Jio Fiber and Jio STB comes to life when combined with an LED television. So Jio Fiber customers who opt for our annual plans which we call Jio Forever plans will get an HD 4K LED television and 4K STB absolutely free”, Ambani said.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
Also Read: Net-zero debt, listing for Jio, Retail—dominant themes of Mukesh Ambani’s speech at RIL’s 42nd AGM
Also Read: Full text: Mukesh Ambani's address at RIL's 42nd AGM
Also Read: RIL to list Jio and Reliance Retail within next five years
Also Read: RIL AGM 2019: Top announcements made by Reliance Industries CMD Mukesh Ambani
Also Read: RIL to be net zero debt company within next 18 months: Mukesh Ambani
Also Read: Aim to be among the world’s Top 20 retailers in 5 years: Mukesh Ambani
Also Read: Reliance Industries AGM: Here are key takeaways from Mukesh Ambani's speech
Also Read: Jio subscriber base at over 340 million: Mukesh Ambani
Also Read: RIL, BP to invest Rs 35,000 crore in KG basin: Mukesh Ambani
Also Read: RIL AGM 2019: Jio to roll out set-top box in partnership with cable operators
Also Read: Jio’s IoT platform to be commercially available from January 2020: Mukesh Ambani
Also Read: RIL Chairman Mukesh Ambani announces JioFiber rollout starting from September
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
