Economy

Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani

Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani

Another highlight for Jio Fiber is that the service will come bundled with subscriptions to most leading premium OTT (over-the-top) applications, which we predict will include Hotstar Premium and possibly Netflix.

Cloud computing and challenge to Jeff BezosThe partnership between Jio and Microsoft is a challenge to Jeff Bezos' Amazon Web Services (AWS) in the country that caters to some of the big wigs in the country like Tata, Hotstar, Wipro and Oracle. Jio aims to connect at least 1 billion devices on Jio's IoT platform.

The popularity of Reliance Jio has pushed the company to list it's telecom business separately. These will be powered by Microsoft's Azure cloud platform. The Reliance CMD also confirmed that the company is testing the service with 5 lakh homes already - making it the largest beta testing program in the world for a home internet service. In a bid to do so, Jio is expected to install blockchain networks across India, says Mukesh Ambani.

Ambani states that this is a brand new data model for Indian data, specifically customer data. Over the next couple of months Jio is setting up a pan India EDGE computing and content distribution network starting will thousands of nodes.

The biggest announcement for consumers that took place at RIL's 42nd AGM on Monday was the commercial launch schedule of Jio GigaFiber.

Liverpool's Van Dijk backs Adrian to cover for injured Alisson
Klopp opted against strengthening this summer as his side chase a first ever PL crown this season. The Merseysiders clinched a sixth European crown and finished runners-up in the Premier League .

"We have received strong interest from strategic and financial investors in our consumer businesses, Jio and Reliance Retail", Ambani said in a statement for the company's annual general meeting on Monday. Now, the company plans to reach 20 million residences and 15 million business establishments. Jio also promises zero latency gaming with its set top box.

Jio said it will also invest in and financially support those startups that support India's needs in agriculture, skill development, and healthcare. Customers opting for the annual plans will get a 4K set top box and HD or 4K LED TV or home PC for free. "When we put these two pieces together, we now have the capabilities to develop India-native solutions including speech recognition, and natural language understanding for all major Indian languages and dialects", Ambani added.

Voice calls from Jio Fiber fixed line phones to anywhere across India will be free for life. 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. Ambani also announced "Jio First Day First Show" plan under which Premium JioFibre customers will be able to watch movies in their living rooms on the day of the release. Jio will also give a 4K TV for no additional cost to users along with a 4K set-top box.

Keeping the mixed economy structure of Indian internet users, Jio GigaFiber's plans have been fixed from 100 mbps speed to all the way up to 1 Gbps.

Reliance Jio will offer a free FullHD TV or a Home PC with Jio Forever Plan.