The new offerings alongside the strengthening of the mainstay energy and petrochemicals business will help the double size of oil-to-telecom conglomerate Reliance Industries to $125 billion by 2025, he told the company’s shareholders.
Ambani said customers can start registering for the fixed line broadband from 15 August but did not give a launch date of the service, which will through one fibre provide high-speed internet, ultra high definition entertainment on large screen TVs, multi-party video conferencing, voice-activated virtual assistance, virtual reality gaming and digital shopping as well as smart home solutions.
Jio GigaFiber will offer ultimate broadband experience to surf, stream, game, and work, because of its ultra-fast upload and download speeds and effective functioning in milliseconds.
It will come directly to homes unlike in most cases where the fibre reaches only until the building and the last few meters of end connectivity is done using the traditional cable, which drastically reduces the speed and user experience due to patches and inferior cable qualities of such patch up.
With over Rs 2,50,000 crore already invested in digital infrastructure for providing mobile and broadband connectivity across the country, fibre broadband connectivity will now reach homes.
He also announced second-generation JioPhone with added features like the qwerty keypad and messaging services like Whatsapp, Facebook, and Youtube. The phone will be available for booking from 15 August for Rs 2,999. This would be in addition to the JioPhone, which will continue to be available on payment of a Rs 1,500 refundable security deposit.
He said old feature phones can be exchanged for the new JioPhone for just Rs 501 under the new offering called Jio ‘Monsoon Hungama’.
In last one year, Jio customer base has doubled to 215 million, and 25 million JioPhone sold, he said, adding that the target is to achieve 100 million JioPhone users in the shortest span of time.
Reliance Retail with 350 million footfalls last year at its 7,500 stores is the largest, fastest growing and most profitable retail company in India, he said.
Ambani said Reliance and its partner BP are working to produce 30-35 million standard cubic meters per day of gas from satellite fields in the KG-D6 block by 2022.