According to the company's latest shareholder communication, Reliance Retail and Jio are said to have collectively contributed almost 32% to the consolidated EBITDA of the Indian conglomerate, which is up from the 2% figure, five years ago. However, he did mention that there will be plans up to 1Gbps as well. Customers will also get a dedicated unlimited global calling pack at Rs. 500 per month to make calls in the United States and Canada. While Mr. Ambani did not announce any FUP restrictions (Fair Usage Policy), Jio's plans usually have promised speeds up to a generous limit, and then unlimited data beyond that at throttled speeds.
Along with GigaFiber, Jio launches GigaTV, which can allow users to live stream high resolution content using a dedicated set-top box.
In addition to broadband and fixed-line access, Jio Fiber customers will get access to Jio Postpaid Plus plans, which include a priority SIM-setup service at home.
The annual plans will come bundled with 4K TV offer which will work with Jio TV to deliver Live TV viewing experience. Reliance Jio Directors Akash Ambani and Isha Ambani demonstrated major gaming capabilities of the Jio Set-Top Box during the AGM.More news: Officer, gunman killed in California highway shootout
The company is also working on a Point of Sale (POS) Solution - Jio Prime Partner POS, which is said to enable inventory management, customer relationship management, financial services and other services for small merchants.
Apart from these, the set-top boxes will support console-quality gaming, rife with an in-built graphics card.
Home Service: The first feature is if one wants to port their existing service to Jio's postpaid service it can be done from home.
Reliance also announced the Jio GigaFiber IoT platform that will be commercially available from January 1, 2020; and the Jio HoloBoard mixed reality headset that has been developed in collaboration with Tesseract. The executives majorly showcased three use cases, namely shopping, education, and entertainment.More news: Taylor Swift donates $5000 to pay for fan's college tuition
He also noted that, if these two consumer businesses were separately listed companies, each would be ranked among the top 10 in India today, in terms of value. It is touted to be available for purchase in the coming future with an "extremely affordable price". The company also plans to make voice calls free from homes to any network.But that's not the last of the perks of being a Jio Fribre customer.Come 2020, premium Jio Fibre users will also be able to watch movies at home on the first day of its release.
Ambani disrupted India's telecoms industry in late 2016 when he launched Jio with free voice and cut-price data plans, pushing some rivals out of business and forcing others to match tariffs and consolidate in a crowded sector that once comprised more than 10 carriers.
Rivals such as Amazon Web Services and Google offer similar services at multiple times that price, and technology analysts said Ambani's move could spark a price war in the Indian cloud market, expected to grow at an average 23% annually over the next five years to touch $5.6 billion.More news: No, Dak Prescott Is Not Asking for $40 Million a Year