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Hasan, Asghar, Rashid fined 15 per cent of their match fees        Ready to be sacked if ATK do not fare well: Coppell        Sensex ends in red after 1,000-pt flash crash        OYO to hire over 2,000 tech experts, engineers by 2020        Thousands rally across Russia against raising pension age        Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks        Sisodia, AAP MLAs discharged in case related to 2014 protest        We have no role in selection of Reliance Defence for Rafale deal: Govt        Modi, Ambani carried out Rs 1.3 lakh cr 'surgical strike' on defence forces: Rahul on Rafale issue        Chekka Chivantha Vaanam: Second trailer released        Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue        India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"        Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande        Wreckage of Captain Cook’s ship found off US coast        Death toll reaches 136 in Tanzania ferry disaster with scores missing        Ravindra Jadeja, Rohit Sharma take India to comprehensive 7-wicket win        Naomi Osaka Eases into WTA Tokyo Event Semi-final        Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect        Three kidnapped cops killed by terrorists in Jammu and Kashmir        Freak penne trending with dislikes and trolls        
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Business News
Mukesh Ambani announces high-speed broadband, Jio Phone 2 with WhatsApp, FB
 
(New Delhi, July 05, 2018):Reliance Industries Limited announced on Thursday the launch of high-speed Jio GigaFiber broadband, which aims to boost fixed-line connectivity in India, and an upgraded version of its Jio Phone with popular social media apps such as Facebook.

At its 41st Annual General Meeting in Mumbai, RIL Chairman Mukesh Ambani announced the broadband for homes and enterprises across 1,100 cities and an e-commerce platform that may rival the likes of Amazon. He also spelt out the milestones achieved by Jio, which has disrupted the telecom industry and triggered a price war.

The fixed-line broadband will offer "ultra-high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences", said Ambani, India’s richest man.

The service will come directly to homes, unlike in most cases where the fibre reaches only until the building. The last few meters of end connectivity is usually done using the traditional cable, which reduces the speed and user experience.

"While India has pole-vaulted into global leadership in the mobile broadband space...we still lag behind significantly in fixed-line broadband. India is ranked quite low at 134th in the global ranking for fixed broadband.

Poor fixed-line infrastructure has been a key reason for this," Ambani said.

Jio, Reliance's telecom service firm, will move India to top five nations in fixed-line broadband in the coming year, he said, but did not give pricing of the new offering or its launch date.

Jio GigaFiber trials are underway and registrations will start this Independence Day. The company will prioritize the launch in areas that will send the highest number of applications.

At the event, the company also unveiled the Jio Phone 2, which will be priced at Rs 2,999 and hit the market on August 15. Under a monsoon offer, the company said, feature phones can be exchanged for Jio Phones at an additional cost of Rs 501.

In a video demonstration, the company explained how Jio Phone 2’s YouTube, Facebook and WhatsApp services will respond to a customer’s voice. JioPhone 2 boasts a horizontal screen display and a qwerty keypad.

"We have more than 25 million Jio Phone users in India. We are now taking the Jio Phone to the next level, with added capabilities and functionalities," Ambani said.

The fixed-line broadband will offer "ultra-high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences", said Ambani, India’s richest man.

The service will come directly to homes, unlike in most cases where the fibre reaches only until the building. The last few meters of end connectivity is usually done using the traditional cable, which reduces the speed and user experience.

"While India has pole-vaulted into global leadership in the mobile broadband space...we still lag behind significantly in fixed-line broadband. India is ranked quite low at 134th in the global ranking for fixed broadband.

Poor fixed-line infrastructure has been a key reason for this," Ambani said.

Jio, Reliance's telecom service firm, will move India to top five nations in fixed-line broadband in the coming year, he said, but did not give pricing of the new offering or its launch date.

Jio GigaFiber trials are underway and registrations will start this Independence Day. The company will prioritize the launch in areas that will send the highest number of applications.

At the event, the company also unveiled the Jio Phone 2, which will be priced at Rs 2,999 and hit the market on August 15. Under a monsoon offer, the company said, feature phones can be exchanged for Jio Phones at an additional cost of Rs 501.

In a video demonstration, the company explained how Jio Phone 2’s YouTube, Facebook and WhatsApp services will respond to a customer’s voice. JioPhone 2 boasts a horizontal screen display and a qwerty keypad.

"We have more than 25 million Jio Phone users in India. We are now taking the Jio Phone to the next level, with added capabilities and functionalities," Ambani said.

The new offerings, alongside the strengthening of the mainstay energy and petrochemicals business, will help double the size of oil-to-telecom conglomerate Reliance Industries to $125 billion by 2025, he told the company's shareholders.

"As Reliance transitions to become a technology platform company, we see our biggest growth opportunity in creating a hybrid, online-to-offline new commerce platform," he said, complementing the firm's retail business.

"We shall create this by integrating and synergizing the power of Reliance Retail's physical marketplace with the fabulous strengths of Jio's digital infrastructure and services."

Reliance Retail, with a footfall of 350 million last year at its 7,500 stores is the largest, fastest growing and most profitable retail company in India, he said.

Speaking on the firm's traditional businesses, he said Reliance was nearing the end of its largest-ever investment with the commissioning of world's largest Paraxylene complex, petcoke gasification project and an off-gas cracker, and planned the start of a Butyl rubber project later this year.

"It is our belief that with the rapidly increasing demand for petrochemicals maximizing 'Oil to Chemicals' conversion will play a catalytic role in determining the profitability of hydrocarbons businesses of the future," he said.

"As the world migrates from fossil fuels to renewable energy, we will further maximize this Oil to Chemicals conversion and upgrade all of our fuels to high-value petrochemicals."

Ambani said Reliance and its partner BP were working to produce 30-35 million standard cubic meters per day of gas from satellite fields in KG-D6 block by 2022.


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OYO to hire over 2,000 tech experts, engineers by 2020
Sensex recovers over 100 points on value-buying, global cues
Deepak Kapoor Appointed the new Chairperson of Save the Children
RCom to exit telecom fully to focus on realty: Ambani
Petrol, diesel rates scale new highs
Adani Capital to raise Rs 1,000 cr in growth capital in FY19
Vijaya Bank, Dena Bank, BoB to merge: Govt
Air India utilising just 21 of 27 Dreamliners for daily ops
RBI submitted a list of high profile fraud cases to PMO: Rajan
VU 100-inch 4K HDR smart TV launched in India for Rs 20 Lakh
US dollar ends higher against rupee
Gadkari pitches for alternate fuels; says govt not against petrol, diesel
Air India To Get Rs. 2,100 Crore From Government: Report
SBI hikes benchmark lending rate by 0.2 pc
PM launches India Post Payments Bank; postman to deliver doorstep banking services
IBA elects PNB's Sunil Mehta as chairman
Circular Trades: Sebi imposes fine of Rs 16 lakh on two individuals
India expected to surpass Britain to become world's 5th largest economy next yr: FM
DeMo led to more tax collection, higher growth: Jaitley
KERALA NEWS
Kannur International Airport: Kerala to be the first state with four international airports
 Malappuram: With Kannur International Airport becoming operational, Kerala will be the first state i  
Bar bribery case: Court dismisses the vigilance report
State Kalolsavam to be held in December
Actor Captain Raju passes away at 68
INTERNATIONAL NEWS
Thousands rally across Russia against raising pension age
 Moscow, Sep 22 (AP) Thousands rallied across Russia on Saturday to protest the government's plan to
Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks
Wreckage of Captain Cook’s ship found off US coast
Death toll reaches 136 in Tanzania ferry disaster with scores missing
NATIONAL NEWS
Sisodia, AAP MLAs discharged in case related to 2014 protest
 New Delhi Sep 22 (PTI) A Delhi court on Saturday discharged Deputy Chief Minister Manish Sisodia, AA
We have no role in selection of Reliance Defence for Rafale deal: Govt
India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"
Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande
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