"Jio is determined to move India to among the top 5 in fixed-line broadband, too", he said.
This year's AGM saw several announcements such as Jio Giga Fiber, the next Jio Phone and more. It now offers fibre-to-the-home (FTTH) broadband connections with 1.1TB (terabytes) of free data at a speed of 100 mbps.
What does this mean for your home?
Reliance Jio will also soon detail a broader smart home platform which will include a handful of home products like surveillance cameras, connected speakers, GigaTV, smart plugs, thermostats, and more. The first step would be to install the GigaRouter at your premises. If you are interested in getting a JioGigaFiber connection, you can show the interest by going to Jio.com or through MyJio app from August 15th.
This set-top-box is touted to come with advanced features such as video calling feature, allowing users to make video calls from their televisions. "This changes the way India will watch TV", he summed up.
"Gone are the days of Mbps, now it will be about Gbps", said Isha Ambani at the AGM.
High Speed Network One of the known advantages of optical fibre-network has been the high-speed internet connectivity.
Jio also confirmed that JioPhone will also be sold alongside the original JioPhone in India.
"The term loan facility will be used to finance goods and services procured primarily from Samsung and Ace Technologies", Jio said.
For smart home solutions, Jio will first set up a GigaRouter at your home.
Smart Homes With its new JioGigaFiber network, RelianceJio is also looking at building an ecosystem for high-speed IoT and democratising other futuristic technologies such as Virtual Reality.
The company's JioPhone2 will be available at an introductory price of only Rs 2999 starting 15th August. RIL is now running beta trials in tens of thousands of homes for the JioGigaFiber. The company will roll out the services in localities based on the interest it has received from the registrations.
While explaining the broadband for large enterprises, Ambani said that fixed-line broadband will mean having the ability to compete in the global marketplace, using digital tools and techniques that are powering the fourth industrial revolution.
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