Reliance AGM: Finally, voice, data, TV bundle offer comes to India

At the most sought-after investor event of the year, the AGM of Reliance Industries, the company's chairman Mukesh Ambani launched a string of disruptive new age products under the Jio brand. Now we have Jio Giga Fiber broadband, Jio Phone 2, Jio GigaTV and an array of smart home products.

As Mukesh Ambani spoke on his company's media push, #RILAGM trended on Twitter, more than validating the ushering of the new media era, which the company is well-positioned to monetize. The Jio GigaTV Set Top Box is bundled with Jio's new fixed-line fiber offering, which is the first attempt at Tri-play in the Indian telecom market. This the first offering in India that will combine voice, data and TV. The fibre to the home (FTTH) service will be offered through Jio GigaRouter that will allow voice calls and media sharing in subscriber's homes.

The fiber broadband connectivity services will be initially launched in 1,100 cities and cater to homes and small enterprises. The services will be launched on August 15, 2018.

Currently, JioPhone is used by 25 million users and Ambani has set a target of reaching 100 million users at the earliest. In his speech, Ambani also emphasized on Reliance Industries' core, the group's petrochemical business, which the company aims to transform from a cyclical business to an annuity business by maximizing oil to chemical upgradation. 

Meanwhile, in a volatile trading day, at 12:51 hours, the stock of Reliance Industries was trading at Rs. 982.25, down by 0.79 per cent, when the benchmark BSE Sensex was at 35,614.18, down 31.22 point or 0.09 per cent, on Thursday.