India's richest man unveils broadband plan

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If we think the company is only limited to offer low-priced 4G and feature phones then we must go through the announcements made by the country's richest personality at Reliance annual general meeting 2018. It will offer access to a series of Jio services including JioTV through which you can stream live cable channels, JioCinema for movies, and more.

Reliance Jio, which launched its telecom services back in September 2016 took the entire industry by surprise with its aggressive tariff plans and free services for almost six months.

After announcing the launch of JioGigaFiber, Ambani stepped aside for a while to let his daughter Isha, son Akash and Reliance Jio Director Kiran Thomas address the audience. Under the Monsoon Hungama offer, buyers can get the JioPhone at just Rs. 501 instead of paying Rs. 1,500.

He also introduced another attractive offer to feature phone users.

"While India has pole-vaulted into global leadership in the mobile broadband space we still lag behind significantly in fixed-line broadband".

"JioGigaFiber will be the largest greenfield fixed-line broadband rollout anywhere in the world", said Ambani.

Reliance previous year launched the JioPhone, which allowed digital payments and was effectively free: buyers could get a device for a refundable fee of 1,500 rupees. Two AGMs ago was when it's disruptive telecom service Reliance Jio was officially launched. Besides, he also launched Jio Gigafibre. The new JioPhone 2 also runs on the KaiOS and supports popular apps like WhatsApp, Facebook, and YouTube.

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Jio now has 215 million subscribers and is on track to cover 99 percent of the country, Ambani said. Fixed-line broadband offers hundreds to megabits, even gigabits per second of data speeds.

Reliance sparked a price war and a rush to consolidation in India's telecoms market when it launched its Jio network in September 2016 by offering vastly cheaper tariffs and data plans.

Jio also confirmed that JioPhone will also be sold alongside the original JioPhone in India.

"Starting this Independence Day, August 15th, you can start registering your interest for JioGigaFiber through both MyJio and". JioPhone 2 will be available at an introductory price of Rs 2,999 from August 15.

AGM, the company's chairman Mukesh Ambani revealed that the broadband service will roll-out from 15 August across 1,100 cities simultaneously.

Another interesting feature is the JioGigaTV calling, which will allow you to make video calls to every other TV powered by JioGigaFiber as well as any mobile or tablet connected to any other network.