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Ambani launches JioFiber, plans to cost Rs 700-10,000 per month

JioFiber will cost between Rs 700 to Rs 10,000 per month, internet speed starting from 100 Mbps and going up to 1 Gbps, and rolls out on September 5, announced Mukesh Ambani at Reliance’s 42nd annual general meeting. Here's all you need to know: JioFiber plans will also be bundled with the OTT services. Ambani said the company is announcing a disruptive service, called 'Jio First Day First show', wherein premium Jio customers will be able to watch a movie the same day it is released in theatre. This 'disruption' is coming in the middle of FY20. JioFiber will come with a annual 'Jio Forever' plan, and the company will give away an HD or 4K LED television, and a 4K set-top box absolutely free. Jio set-top boxes will also have the option to make group video calls. Jio now has 340 million subscribers, a little over the 331 subscribers in its annual report for 2018-19. 10 million subscribers have signed up every month, said Ambani. The default tariff for fixed line international calls will be 1/5th or 1/10th of industry tariffs. Reliance Industries head Mukesh Ambani: Day is not far when our services business will account for 50% of our total EBIDTA. #ril #reliance — Rachita Prasad (@rachitaprasadET) August 12, 2019 Shareholders of Reliance Industries have been gasping and clapping at #RILAGM...top moments: 1. First day first show service for movie releases on Jio Fibre 2. Free HD TV with Jio Fibre. Who doesn't like freebies! — Rachita Prasad…

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