Jio GigaFiber’s commercial services start Sep 5

Jio GigaFiber’s commercial services start Sep 5

Reliance Industries (RIL) on Monday announced partnership of its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions. High speed broadband connectivity, digital set top box, landline phone connection, free calls within India, smart home solutions, a television set, automatic subscription to leading OTT platform are all the carrots offered that should enable faster penetration of Jio Fiber.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, attends the company's annual general meeting in Mumbai, India, August 12, 2019.

However, for Reliance, this would not be as easy as disrupting telecom was with cheaper tariff rate and low-priced sim availability.

"...The average fixed-line download speed in the U.S. which is the most developed economy is around 90 Mbps".

Reliance chairman said that Jio Fiber tariff plan will start from Rs 700 per month.

Jio also announced its premium JioFiber customers will get access to new movies released on the same day.

This service will be launched in Mid-2020.

"Other cloud players like AWS and Google will have to come up with new, perhaps cheaper pricing models for India", said Satyajit Sinha, an analyst at tech consultancy Counterpoint. Though Jio GigaFiber was announced past year, we are yet to see a commercial launch timeline for the same, which could be announced at the AGM.

It was widely expected that he would spell out the details of the commercial roll-out of JioGiga Fiber at Monday's AGM.

Last month, Saudi Arabia's Energy Minister Khalid al-Falih told Reuters that he was "optimistic" that a deal between the two companies would work out.

Ambani announced that JioGigaFiber generated 15 million registrations from 1,600 towns, since its announcement.

JioFiber plans will start with 100Mbps and go all the way up to 1Gbps. He also announced that the company will offer Jio and Azure-cloud service to Indian technology startups absolutely free. Customers should pay for only one service: either voice or data and not both. It also provides a digital set-top-box to the consumers. "Jio fiber will empower 2.4 million small, medium enterprises". With strong revenue traction and minimal capex, cash flow should improve remarkably in the future.

The pan-India 4G network is the Narrowband Internet-of-Things or Jio NBIoT.

Meanwhile, Saudi Aramco reported a net profit of $46.9 billion (Rs 3.33 lakh crore) for the first half of 2019-'20, down from $53.02 billion (Rs 3.77 lakh crore) a year ago, the Hindustan Times reported.

The telecom infrastructure transactions are to be completed by the end of this financial year, he said.

Meanwhile, Reliance will also sell about half of its fuel retail business to global oil major BP for 70 billion rupees ($1 billion).

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