Indian Telecom Jio Reveals Blockchain Network for 330 Million Customers

Jio GigaFiber service to launch on 5 Sept 2019

Jio GigaFiber service to launch on 5 Sept 2019

"On fixed-line worldwide voice calling, we are today ending the era of high global calling rates on landline by announcing the lowest fixed line rates for global calling...", he said.

JioFiber's plans will be priced between Rs 700-10,000 per month.

Aramco's revenues dropped in the first half of 2019 to US$146.8 billion from US$148.8 billion in the first half of a year ago, while operating costs grew to US$71.1 billion from US$66.5 billion.

Ambani also claimed that Jio is signing up an average of 10 million new customers every month and, is looking to hit the 500 million subscriber mark in the near future.

Jio Fiber customers are set to receive bundled subscriptions to "most leading premium OTT applications", Mukesh Ambani announced at the AGM.

Speaking at the AGM, Mukesh Ambani said, "for the first time in the Indian market, Reliance has come up with a disruptive concept of watching new movies". India's richest man also announced the most-awaited launch of Jio Fiber on September 5, offering customers free calls for life, LED TV, set-top box and "first-day-first show" movies in their living rooms.

"We want to build transformative partnerships, whether it is the kirana (grocery) merchants in the new commerce space, or in the B2B space with giants like Aramco or BP", said Reliance's Executive Director PMS Prasad.

Talking about the company's retail arm, Ambani noted that Reliance's hybrid online-offline ecommerce initiative is a $700 Bn business opportunity. This is going to be a part of the Jio Fiber service. Jio, however, still hasn't elaborated on all the plans and their exact prices.

Ambani said that since its announcement previous year, Jio received over 15 million registrations from almost 1,600 towns.

Jio Postpaid Plus will offer priority SIM-setup service at home. Worldwide voice calling will also be available through the fixed-line, with one of the plans revealed to have unlimited calling to the U.S. and Canada for just ₹500 ($7) per month, though most families now utilize app-based free calling solutions such as WhatsApp.

The welcome offer for Jio Fiber includes an HD 4K television set as well as an HD 4K set top box that supports gaming.

That apart, it plans to list Reliance Jio and its retail business in the next five years.

Revenue from each of these engines will flow in from this fiscal itself. According to Ambani, this is the biggest foreign investment in the history of Reliance and is among the largest foreign investments in India. "Using NB IoT, data from billions of smart sensors - whether residential, industrial or public - can be collected from across India with the highest reliability and lowest cost", Ambani said. In fact, half a billion customers is well within Jio's reach, Ambani added.

Making Indian businesses globalJio is partnering with Microsoft to bring the Azure platform to Jio data centers across the country.