Published: Tue, August 13, 2019
Markets | By Erika Turner

Reliance Jio And Reliance Retail To Be Listed Separately In 5 Years

Reliance Jio And Reliance Retail To Be Listed Separately In 5 Years

The Service will come with Bundled OTT Premium Subscriptions.

The 42nd AGM of RIL is scheduled to commence at 11 AM IST which will be streamed on YouTube channel - The Flame of Truth as well as Jio.

Reliance Jio is now in the second position in terms of the number of subscribers.

Beginning the presentation, Reliance chairman and managing director Mukesh Ambani stated that Jio had crossed the 340 million subscriber mark to remain among the world's fastest-growing digital services.

Ambani has always dubbed Jio a technology company, and used it to launch internet-enabled devices, deliver entertainment services, build fibre broadband and develop other offerings.

Let us turn to Jio first. This will allow subscribers to enjoy a new film in their home on the same as the movie is being released in theatres.

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Also, Reliance has received "strong interest" from strategic and financial investors for its consumer businesses - telecom venture Jio and Reliance Retail, he said without giving details. It also plans to offer family plans with data sharing and global roaming at a fraction of a cost. As part of its customer offers, Jio has revolutionised the Indian telecom landscape by making voice calls for Jio customers absolutely free, across India, to any network, and always.

The businessman also announced the Jio Forever Plans, through which users can get HDTV or 4k LED television and 4k set-top box free.

That being said, Ambani also said the plans offered by Jio can also go up to ₹10,000 per month.

Aramco declined to comment on the Reliance tie-up on Monday which coincided with its announcement of a 12% decline in half-year net profit.

After disrupting the mobile telephony market and becoming India's largest profitable telecommunication industry, Reliance Jio plans to disrupt the broadband and IoT market in India as Mukesh Ambani adds four more engines of revenue for Jio including Internet of Things (IoT), home broadband, enterprise broadband and broadband for small and medium enterprises (SMEs). There is no update as of yet on how much will these annual packages cost. The company will offer plans from Rs. 700 ($9.86) to Rs. 10,000 ($140.85) with speeds up to 1Gbps. While the upcoming service has been on trial run since a year ago, he added that trial homes are, on average, consuming more than 100 GBs every month indicating the ever-increasing usage of internet in India.

Jio's internal workforce will now leverage the cloud-based Microsoft 365 productivity and collaboration tools and all the company's non-network applications will also move to the Microsoft Azure cloud platform. These will be powered by Microsoft's Azure cloud platform. The connectivity and cloud infrastructure for budding startups will be free, Ambani said, from January 1, 2020.

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