RIL Mukesh Ambani revealed that the broadband service will roll-out from 15 August across 1,100 cities simultaneously. It will provide 1.1 terabytes (TB) of free data at 100 Mbps speed. Jio GigaFiber will have its own special router called Jio GigaRouter besides a set top box (STB) Jio GigaTV that will allow customers to place voice calls, and allow for media sharing as well.
Ambani added that the ‘Jio GigaFiber’ service will offer ultra-high definition (UHD) entertainment on large screen TVs. It will also allow multi-party video conferencing, voice-activated virtual assistants, virtual reality gaming and digital shopping. The service will also allow subscribers to control devices like security cameras, home appliances, lights and switches using a smartphone from both inside and outside the home.
RIL Chairman said that the broadband service will allow large enterprises to compete in the global marketplace using digital tools and techniques. For merchants and small businesses, the fixed-line broadband will empower them to compete on level terms with larger businesses.
The Cellular Operators’ Association of India (COAI) said that Jio’s fixed-line fibre broadband system will be a “game changer”. It added that the company garnering more than 200 million users in a short span is “commendable.”
“This is an interesting development and once the plans laid out today start taking shape, we can expect new streams of revenue to be initiated that will benefit the industry,” said Rajan S. Mathews, Director General, COAI.
The new set-top box by Jio will be called the GigaTV set-top box and will offer a 4K resolution on TV channels. The new set-top box by Jio will also support voice commands in most of the Indian languages, the company claims, aiming to fulfil the motto "Bhasha anek, Bharat ek." In addition, the set-top box will also enable multi-party video conferencing, i.e. it will enable peer-to-peer video calls over the broadband through the Jio user's TV. With the Jio GigaTV set-top box, Reliance Jio promises more than 600 TV channels, 1000s of movies as well as millions of songs to be available as and when the customer demands.
At the AGM, Ambani also unveiled the JioPhone ‘Monsoon Hungama’ offer. Starting 21 July, consumers can exchange their existing feature phone for a brand new JioPhone for Rs 501. “We have thus reduced the effective entry cost of the JioPhone from Rs 1500 to as low as Rs 501,” Ambani said.
He also introduced another attractive offer to feature phone users. The three most popular apps YouTube, WhatsApp and Facebook will be available to all the JioPhone users from 15th August, he said.
The company’s JioPhone2 will be available at an introductory price of only Rs 2999 starting 15th August.
Ambani said: “With the added functionalities, our wider network reach across India and strong retail presence across India, the goal that I have now set for our Jio team is to enable 100 million users on this JioPhone platform in the shortest possible time,” he stated.
With new announcements at the AGM, shares of leading MSOs including Hathway Cable, Siti, Den Networks and Sun TV tanked. Shares of cable TV operators were down in the range of 2.7 to 15 per cent post the announcement.