The company enjoys the highest market share in Hyderabad in the wired broadband market and relies on the same fiber network infrastructure as RIL's upcoming Jio GigaFiber service.
But shares of telecom majors Bharti Airtel fell 4% and Vodafone Idea slid nearly 5% as the announcements spurred worries of a repeat of what happened just three years ago when Reliance's Jio burst on to the scene. More details about these tariffs will be available on Jio.com and the MyJio app on September 5. Jio has not specified which OTT plans it will offer as yet. Jio has not detailed much about this service.
You will have to enrol for Jio's annual packages in order to avail this offer. Along with the Jio GigaFiber, customers will get a landline connection and a digital set top box for free.
The free TVs will be for users who opt for long-term Jio GigaFiber plan, known as "Jio Fiber Welcome plan".
The group's billionaire chairman, Mukesh Ambani, also unveiled plans to launch cut-price home internet services across India next month. This will allow subscribers to enjoy a new film in their home on the same as the movie is being released in theatres.
Jio Fiber customers are set to receive bundled subscriptions to "most leading premium OTT applications", Mukesh Ambani announced at the AGM. Jio Postpaid Plus plans are said to provide a "platinum-grade" experience, and will also include "unprecedented Family plans", affordable worldwide roaming, and phone upgrades at "preferential rates". Jio also unveiled affordable global calling rates like US/Canada pack priced at Rs 500 per month. These customers will get a free HD or 4K LED TV and a 4K Jio set-top box.
To attract new customers, a Jio Fiber Welcome Offer will be available.
Jio also made to announcements for startups and SMBs.
"...voice calls from home to any Indian operator - mobile or fixed - will be absolutely free forever".
100 MBPS plan will cost ₹700 per month while the 1000 MBPS plan will cost ₹10,000 per month. Jio Fiber will commercially launch across India from September 5, 2019; three years after Jio's historic launch.
The Fiber service also includes options to add a 4K set-top box with Mixed Reality, Gaming and more. Microsoft will deploy its Azure platform in these datacenters to support Jio's offerings.
Using blockchain, Reliance plans to offer data privacy for Indians.
Making Indian businesses globalJio is partnering with Microsoft to bring the Azure platform to Jio data centers across the country.
The investment cycle of Reliance Jio is complete, and about Rs 3.5 lakh crore has been invested in its digital network, he said. It was trading at Rs 1,295, up Rs 133, or 11.45 percent on the BSE at 1116 hours IST. Jio's IPO initiative has been picked up, and works are on.
Profit slid 12% to $46.9 billion in the first six months of 2019, the state-owned energy giant said in its first-ever half-year earnings report. Also, Reliance Jio is now India's second-largest telecom by users. Currently, it trails Tata Consultancy Services by slightly more than $1 billion.
The pan-India 4G network is the Narrowband Internet-of-Things or Jio NBIoT. The company has readily working on to improve the narrow-band IoT technology as far as possible, and it seems to be ready to be launched for IoT.