Economy

Mukesh Ambani AGM speech to unveil Reliance GigaFiber plans

Mukesh Ambani AGM speech to unveil Reliance GigaFiber plans”

According to our estimates, BSNL has around 6 million wired broadband subscribers, which gives it a share of about 30% out of the total wired broadband subscriber base of 18.5 million users in India. One expectation is that an announcement will be made on the launch of fibre-to-the-home (FTTH) service of Jio GigaFiber, a combo service of broadband, TV and fixed landline. This AGM, too, it is expected that a new Jio Phone 3 model might be announced by the Ambani family. The biggest news was of course was the date of the Jio Fiber commercial launch - September 5.

Reliance Jio is now running a preview offer for users in India.

Ambani had, in the RIL AGM past year, opened up the registration process for GigaFiber. JioGigaFiber would provide ultra high-definition entertainment on large screen TVs, multi-party video conferencing from a living room, voice-activated virtual assistance, virtual reality gaming, digital shopping and immersive experiences. Data speed will be around 50mbps and consumers will get 100GB per month.

At the 41st AGM, Reliance Industries Chairman and Managing Director Mukesh Ambani had said that "The company has already invested more than $250 million in the industry". An unlimited global calling pack for calls to U.S. and Canada was also announced for Rs. 500. Reports have also talked of Rs 600 per month Triple Play Plan, which will bundle broadband, Internet Protocol TV services (IPTV), and landline all-in-one for the customer. This is, however, lower than ARPU of Rs 126.2 per subscriber per month seen in the March quarter.

Plan 1: Basic 100Mbps connection: Jio, under this plan, could offer only the broadband service with a minimum speed of 100Mbps.

"India because of you, Jio has not only become the largest operator in India but is the second largest operator in the world on a single platform", he said.

What to expect In the last few years, he has been busy painting a lush green picture of his latest venture-Reliance Jio which disrupted India's telecom market or will say something that shareholders would want to listen- that he is increasing prices?



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