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RIL AGM 2019: Jio GigaFiber commercial launch date, tariff, welcome offer announced

Mukesh Ambani has announced the details regarding the commercial launch of Jio Fiber broadband service, tariffs and welcome offer.

By Reema Sharma | Last Updated: Monday, August 12, 2019 - 17:44

New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani on Monday said Saudi Aramco will invest 75 billion dollars in the conglomerate and have 20 per cent stake in its oil to chemicals (O2C) business.

Addressing the 42nd annual general meeting (AGM), Ambani said that is the biggest foreign investment for Reliance and one of the largest for India. The Partnership with Saudi Aramco will cover RIL's Refining and Petrochemicals assets, including 51 percent of the Petroleum Retail JV.

Ambani also announced details regarding the commercial launch of Jio Fiber broadband service, tariffs and welcome offer.

Here are the major announcements at the RIL's 42nd annual general meeting (AGM).

12 August 2019, 12:38 PM

We expect to complete transactions with Saudi Aramco and BP within this financial year. These are expected to generate inflow of Rs 1.15 lakh crore, says Ambani. We will induct leading global partners in Jio and Reliance Retail in the next few quarters, and move towards listing of both these companies within the next five years, Ambani adds

12 August 2019, 12:35 PM

Our target is to become zero net-debt company in next 18 months, says Ambani. He also assures shareholders that they will be rewarded abundantly through higher dividends, periodic bonus issues and other means, and at a more accelerated pace than any time in our history.

12 August 2019, 12:35 PM

RIL Investments of nearly Rs 5.4 Lakh crore over the last five years to generate EBITDA in excess of USD 1 billion annually for over a decade

12 August 2019, 12:25 PM

Our merchant Point of Sale (POS) Solution – Jio Prime Partner POS – is integral to our plan to create an ecosystem around small merchants. This user-friendly digital platform will modernise even the smallest kirana shop to become a digitized store

12 August 2019, 12:25 PM

In the true Reliance ethos, we are working towards enriching and empowering nearly 30million merchants and Kirana shop owners with our end-to-end digital and physical distribution stack

12 August 2019, 12:25 PM

Today, Reliance Retail is the only Indian retailer to be ranked in the Global 100 top retailers. Over the next 5 years, our aim is to be amongst the world’s top 20 retailers: Ambani

12 August 2019, 12:25 PM

Ambani says RIL's retail business has grown phenomenally, registering a 7-fold increase in revenue and a 14-fold increase in profit in the last 6 years. Relentless focus on operating discipline has resulted in a 3-fold rise in per store productivity in last 5 years

 

12 August 2019, 12:16 PM

Reliance Jio to provide a bundle of connectivity and essential business productivity and automation tools to Indian small businesses for 1/10th the cost at Rs 1,500 per month

12 August 2019, 12:13 PM

Reliance Jio to provide connectivity and the Jio-Azure cloud service to Indian technology startups absolutely free

12 August 2019, 12:13 PM

Jio to set up a network of large world-class datacenters across India powered by Microsoft’s Azure cloud platform

12 August 2019, 12:09 PM

Ambani says, Jio and Microsoft have entered into a long-term alliance to accelerate the digital transformation of India to launch new cloud data centers, ensuring more organizations can access the tools and platforms they need to build their own digital capability

12 August 2019, 12:09 PM

Reliance Jio is setting up a pan-India Edge Computing and Content Distribution network starting with tens of thousands of nodes

12 August 2019, 12:08 PM

We are now investing in scaling-up advanced technologies in our country, even ahead of the rest of the world. Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India, with tens of thousands of nodes operational on day one, says Ambani

12 August 2019, 12:04 PM

Mukesh Ambani announces Jio Fiber Welcome Offer. Jio Fiber customers opting for annual plan - Jio Forever --will get a full HD TV or a Home PC and a 4K Set Top Box absolutely free

12 August 2019, 12:01 PM

Jio First Day First Show - Premium Jio Fiber customers can watch movies at home on the same day they are released in theaters. This service will be launched in the middle of 2020

12 August 2019, 11:59 AM

The most basic Jio Fiber plan startst with 100 mbps speed and we have plans all the way up to 1 Gbps

12 August 2019, 11:58 AM

Ambani announces Unlimited international calling at Rs 500 per month to US/Canada

12 August 2019, 11:58 AM

On fixed line international call, we are ending the era of high international calling rates on land lines

12 August 2019, 11:58 AM

Customers could pay for only one service, either voice or data, not both. Voice calls will be absolutely free forever

12 August 2019, 11:58 AM

The Tariff will be between Rs 700-Rs 10,000 a month to suit every budget and every sector

12 August 2019, 11:55 AM

Jio Fiber tarrifs are based on 4 strong principles, says Mukesh Ambani

12 August 2019, 11:52 AM

The Set Top box also allows video conferencing from the comfort of your home: Akash Ambani

12 August 2019, 11:52 AM

The Jio set top box supports gaming

12 August 2019, 11:46 AM

Akash Ambani and Isha Ambani take the state, announce a setup box for cable TV

12 August 2019, 11:39 AM

IoT platform is a Rs 20,000 crore per year revenue opportunity for Jio. The IoT platform will be commercially available from January 1, 2020, says Ambani

12 August 2019, 11:38 AM

With every Jio Fiber home all our LCO partners will continue to have a steady stream of revenue for their broadcast TV business: Ambani

12 August 2019, 11:37 AM

Over the past months we have upgraded our MSO’s infrastructure to world-class standards. Now LCO partners can offer the largest bouquet of High-Definition channels to customers with better features, reliability and customer experience than even DTH, says Ambani

12 August 2019, 11:34 AM

Jio Fiber Services will be launched on commercial basis on September 5 2019 - on the third anniversary of Jio launch. We plan to reach 20 million residences and 15 million business establishments in 1,600 towns, says Ambani

12 August 2019, 11:29 AM

The investment cycle for Jio is now complete. Revenues from each of Jio's new growth engines will kick-in within FY 2019-20. NBIoT - a Rs 20,000 cr per year revenue opportunity for Jio.

Jio’s IoT platform will be commercially available starting 1st January, 2020, says Ambani

12 August 2019, 11:19 AM

Saudi Aramco and Reliance have agreed to form a long-term Partnership in RIL's Oil to Chemicals division. Saudi Aramco will invest for a 20 perecent stake in RIL’s O2C division at an Enterprise Value of USD 75 billion. Ambani says, it is the biggest foreign investment for Reliance and one of the largest for India. The partnership with Saudi Aramco will cover RIL's Refining and Petrochemicals assets, including 51 percent  of the Petroleum Retail JV

12 August 2019, 11:16 AM

Only diversified Indian enterprise with three major growth engines in one single corporate entity – Oils to Chemicals division, Jio and Retail. All three have done exceedingly well in the past year. We are also incubating newer growth engines, says Ambani

12 August 2019, 11:14 AM

I endorse Prime Minister Narendra Modi's vision of India becoming USD 5 trillion economy by 2024. I think India can become 10 trillion dollar econonmy by 2030.

12 August 2019, 11:13 AM

Last year RIL became largest and most profitable company in public and private sector. Consumer business contribute 32 percent to EBITA and has proved the skeptics wrong.

Reliance Retail and Jio now collectively contribute nearly 32 percent to the consolidated EBITDA, up from 2 percent five years ago. The day is not far when their share would be 50 percent, says Ambani

12 August 2019, 11:10 AM

Reliance Jio crossed 340 million subscriber mark to remain world's largest digital services company. The future of India – and also the future of Reliance -- has never looked brighter to me than now. As India is getting transformed into New India, Reliance will also transform itself into New Reliance

12 August 2019, 11:08 AM

RIL CMD Mukesh Ambani begins speech. Says company FY 19 was another year of a record performance for the company