Reliance Industries Chairman and Managing Director Mukesh Ambani revealed launch of his ambitious wired internet plan, the launch of Jio Fiber.
The broadband services will start at plans costing as low as Rs. 700 a month and it will offer a host of smart services through the Jio set-top box.
Jio Fiber will be commercially available from the 5th of September, 2019.
The firm will offer both monthly and annual packages, monthly plans will start from Rs. 700 and go all the way up to Rs. 10,000. The speed is based on plans, the least being 100Mbps and the 1Gbps being its capacity.
Along with Wi-Fi router, Jio will give a Set-Top box to all subscribers. The Jio Set-Top box will offer certain smart features that have never been seen before such as host video calling with up to four people at once, support console-quality games such as Fifa 2019 because it comes with an inbuilt graphics card. The company has tied up with popular studios such as Tencent, Microsoft and others so that it could include more games in future.
The Jio Set-Top box will feature all premium content from the leading OTT platforms like NetFlix, Amazon Prime Video and Hotstar.
A feature called Jio First Day First Show subscription will be launched in mid 2020 allowing subscribers to watch new movies at their home on the same as the movie is released in the market.
The Jio Set-top box will support Mixed Reality services via a headset allowing users to try dress virtually before they shop in the real world and learn using 3D models of the solar system.
The company also announced Jio Fiber Welcome Offer, where Jio Fiber subscribers opting for annual plans (called Jio Forever Plans) will get a HD LED or 4K TVs and a 4K set-top box free.
Apart from the above broadband announcements Mukesh Ambani announced that Saudi Aramco will invest USD$ 75 billion in the group’s oil to chemicals (O2C) business for a 20 per cent stake. Further, the company announced that it aims to become net zero-debt company in the next 18 months and plans to list Reliance Jio and its retail business in the next five years.