Jio GigaFiber to JioPhone 2: Five major announcements from Reliance Industries

Jio GigaFiber to JioPhone 2: Five major announcements from Reliance Industries

Jio GigaFiber to JioPhone 2: Five major announcements from Reliance Industries

Existing broadband service providers struggle to provide broadband at 20 Mbps in the national capital though some claim to have speed of 100 Mbps. Think mean ultra-high definition entertainment on your large screen TV, multi-party video conferencing from the comfort of your home, voice-activated virtual assistance, smart home solutions where 100s of devises like security cameras, home appliances and even light switches can be securely controlled by owners using a smartphone - even from outside the home - and more. Users can also connect their virtual reality headsets and enjoy 360-degree 4K videos with the JioGigaFiber. "Having the ability to compete in the global marketplace, using digital tools and techniques that are powering the Fourth Industrial Revolution", he added.

Jio, the company's telecom service, will move India to top five nations in fixed line broadband in coming year, Ambani said. He further added that Optical Fiber-based fixed-line broadband is the future.

The JioGigaFiber, as the name suggests, will have Gigabit internet at 1 gigabit per second speed. India is ranked quite low at 134th in the global ranking for fixed broadband.

"In countries with better developed communication infrastructure, more than 80% of data consumption happens Indoors through fixed-line connectivity in homes, in offices and other premises". Secondly, registrations for Jio GigaFiber - the company's name for its much-awaited fiber-to-the-home (FTTH) broadband service - will start on August 15th. At the AGM this year, the company now announced the JioPhone 2 with QWERTY keyboard. The new avatar of the highest selling feature phone in India will be available at an introductory price of Rs 2,999.

The company today also announced the next-generation JioPhone 2. JioGigaFiber services will also allow TV-to-TV calling within the comfort of homes. These apps include YouTube, WhatsApp, and Facebook. These apps will work with voice commands and will be made available to all the JioPhone users from August 15. Ambani targets 100 million Jio phone users in "shortest possible time".

While the series of services and gadgets launched by Ambani's in their 41st AGM have left most of us excited, it sure seems like an alarming situation for Amazon boss Jeff Bezos, who enjoys a large market share in India.

Jio, Reliance's telecoms venture, is a key plank of Ambani's long-term vision to make consumer-facing businesses as big as the company's core oil-and-gas business that now accounts for 90 percent of its revenues.

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