Mukesh Ambani announces launch of high speed fixed line services for homes

Mukesh Ambani announces launch of high speed fixed line services for homes

Mukesh Ambani announces launch of high speed fixed line services for homes

The device will be priced at Rs 2999 (this is an introductory price) with a QWERTY keypad, that will also be releasing on the 15th of August.

Meanwhile, Mukesh launched Jio Phone Monsoon Hungama Offer where Jio users can exchange existing Jio Phone for a brand new feature phone for Rs 501. The company will also announce the price plans for its JioFiber broadband service. After telecom, Reliance is all set to shake up the broadband industry in India.

Ambani did not give price plans for JioGigaFiber, unlike for Reliance's telecoms venture Jio that was unveiled in late 2016 with free calls and rock-bottom data rates - a move that upended India's telecoms sector by triggering a price war, dragging margins lower and spurring consolidation. JioGigaFiber services will also allow TV-to-TV calling within the comfort of homes. Big announcements were made today for Jio users with the launch of Jio Giga Fiber, the flagship fiber-to-the-home (FTTH) broadband services. The company will also launch JioGigaRouter to deliver over 600 channels to TV.

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According to a report in the Livemint, Jio GigaFiber will provide ultrahigh-definition entertainment accessibility to houses on their own TV screens along with a provision of video conferencing, shopping online and virtual reality gaming. Reliance is bringing WhatsApp, Facebook and YouTube to the Jio Phone. Reliance Jio customer's base doubled to 215 million in one year. "We will now extend this fiber connectivity to homes, merchants, small and medium enterprises, and large enterprises simultaneously across 1,100 cities to offer the most advanced connectivity solutions", he added.

While the series of services and gadgets launched by Ambani's in their 41st AGM have left most of us excited, it sure seems like an alarming situation for Amazon boss Jeff Bezos, who enjoys a large market share in India. However, the Jio Phone platform does not have access to some of the most widely used apps in India. Fixed-line broadband offers hundreds to megabits, even gigabits per second of data speeds. These apps will work with voice commands and will be made available to all the JioPhone users from August 15. If you are interested in getting a JioGigaFiber connection, you can show the interest by going to Jio.com or through MyJio app from August 15th.

Smart home solutions such as real-time surveillance and security solutions for homes and enterprises will ride on the fiber network, which will potentially connect 50 million homes, Ambani told shareholders at the AGM.

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