Reliance AGM 2018: It’s Raining Announcements!

You are simply going to love this business news update from JustInReviews!

Why?

The title says it all…..

Once again, it was the time for Annual General Meeting of Reliance. At the 41st meet, Chairman Mukesh Ambani made a number of announcements that included the upcoming new broadband internet service called Jio GigaFiber.

Lets find out what all happened when Mukesh Ambani took over the podium.

  • Launch of JioPhone 2:

The meet saw the launch of the JioPhone 2, the upgraded and modified successor of JioPhone which was presented a year back during the RIL’s 40th AGM. JioPhone 2 is expected to be available by 15 August 2018, at an initial offer price of Rs 2,999. JioPhone 2 can also be purchased by exchanging your JioPhone and paying Rs 500; as a part of the JioPhone Monsoon Hungama.

  • Jio GigaFiber Broadband Service:

Reliance officially announced the Jio GigaFiber fiber-to-the-home (FTTH) broadband service. Previously known as Jio Fiber, Reliance intends to stretch out the optic fiber connectivity to merchants, homes, medium and small ventures and large scale undertakings at the same time crosswise over 1,100 cities. As claimed by the Mukesh Ambani-held Reliance Jio, the Jio GigaFiber is a standout amongst the most progressive fiber-based broadband network solutions, and offers speeds in the range of 1Gbps.

Many would call this to be amongst the top business ideas from Reliance.

Reliance-AGM-2018

  • Access To HD Entertainment Made Easy:

As indicated by Mukesh Ambani, JioGigaFiber will permit the users to appreciate quality HD entertainment on bigger TV screens, VR apparatus, digital shopping and considerably more.

While introducing the JioGigaFiber, Isha Ambani said, “Gone are the days of Mbps, now it will be about Gbps”.

  • Jio Phone Gets Support For YouTube, WhatsApp:

Both Facebook and Google are said to have now offered support for YouTube and WhatsApp on all Jio Phones. Both applications will end up being accessible to each Jio Phone user come August 15, perhaps by means of the Jio App Store. Thus, Jio Phone and Jio Phone 2 owners can now send WhatsApp messages to both Android and iOS users. At this point of time, there isn’t any clarity on whether all features that are accessible for WhatsApp and YouTube users on iOS and Android will be a part of Jio phone or not.

  • Jio announces Smart Home Accessories Suite:

The Jio Smart Home Accessories Suite was additionally announced at the meet, and it incorporates plugs, TV camera, Wi-Fi extender, doorbells and more. This suite can be utilized to control the entire house by means of the MyJio application.

In addition to these major announcements, Mukesh Ambani also talked about the following:

– Rise in Reliance Jio revenues:

Reliance Jio Infocomm Ltd. has doubled the customer base since the last year’s AGM. Astonishingly, Jio has been successful in achieving a 100% growth in the revenues to Rs 69,000!

– Exports from RIL:

Mukesh Ambani stated that Reliance Industries represents around 8.9% of the total exports to around 113 nations.

Lot’s on offer from Reliance Jio, is all that one can say.

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