Airtel and Voda Idea shares dip on back of Jio’s announcements

Airtel and Voda Idea shares dip on back of Jio’s announcements

Airtel and Voda Idea shares dip on back of Jio’s announcements

Reliance Jio Directors Akash Ambani and Isha Ambani demonstrated major gaming capabilities of the Jio Set-Top Box during the AGM.

Jio also struck an alliance with Microsoft and also rolled out its commercial launch date for fibre to home among other measures to boost subscriber numbers. (AGM) held earlier today saw a slew of announcements from RIL chairman Mukesh Ambani.

Reliance Jio will offer a free FullHD TV or a Home PC with Jio Forever Plan.

You will have to enrol for Jio's annual packages in order to avail this offer.

It is not known if the TVs will entirely be free or if there will be a security deposit before customers get it. The users who will pay the annual package fee in advance will get the free TV from Jio. This will allow subscribers to enjoy a new film in their home on the same as the movie is being released in theatres.

The Jio STB includes subscriptions to many, popular OTT streaming services.

The Jio Set-Top-Box will support Mixed Reality services as MR shopping, MR education and MR movie watching. Meant to be a "platinum grade service", the Jio Postpaid Plus will offer priority SIM set-up service at home, family plans with data sharing, worldwide roaming, and phone upgrades at preferential rates. Jio will also offer high speed top of the line 1000 MBPS FTTH plans. This service - Jio First Day First Show - will be launched in mid-2020. At an additional cost of Rs 500, you can enjoy unlimited calls to the USA and Canada.

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To attract new customers, a Jio Fiber Welcome Offer will be available.

Microsoft has announced a long-term alliance with Jio to accelerate India's digital transformation.

Jio Fiber plans will start at Rs 700 a month with upto 100Mbps speed and unlimited usage. The top-of-the-line package is priced around ₹10,000 per month with access to broadband, Jio HomeTV and Jio's IoT.

While the detailed plans for Jio GigaFiber will be announced on September 5, which is when the commercial rollout begins for customers, the base plan for Jio GigaFiber services has been set at Rs 700 per month. Using Microsoft's Azure AI, Jio will be able to develop India specific solutions like speech recognition and natural language understanding for Indian languages and dialects. The connectivity and cloud infrastructure for budding startups will be free, Ambani said, from January 1, 2020.

Using blockchain, Reliance plans to offer data privacy for Indians. Jio said it will offer these tools starting at INR 1,500 per month to these enterprises.

The company said it has received strong interest from strategic and financial investors for its consumer businesses - Jio and Reliance Retail.

In December, in a first for India, blockchain-enabled letter of credit had facilitated an export shipment between Reliance Industries (RIL) and one of its US-based clients. It was trading at Rs 1,295, up Rs 133, or 11.45 percent on the BSE at 1116 hours IST.

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