Jio GigaFiber launch, Saudi Aramco stake sale: Mukesh Ambani's key announcements at RIL AGM

Highlights of Mukesh Ambani's speech at Reliance AGM:-

-Jio Fiber users will get free subscription to several OTT platforms. The list is not yet announced.

-Reliance values its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the stake.

-RIL chairman Mukesh Ambani said that the group has a clear roadmap to become zero net-debt company in 18 months.

-RIL shares are up 20% since the last AGM in July 2018, but have underperformer Nifty by 11% over the past three months.

-As per the partnership, Jio will leverage the Microsoft Azure cloud platform to develop innovative cloud solutions focused on the needs of Indian businesses.

-Reliance Industries (RIL) announced partnership of its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions.

-New commerce is a $700-billion business opportunity, said Mukesh Ambani.

-The purpose of 'new commerce' is to transform unorganised retail into organised retail.

-RIL's retail arm will soon unveil Reliance New Commerce, an initiative to digitally connect kirana stores across the country.

-Jio Fiber plans will come bundled with subscriptions to most leading premium OTT applications.

-The new Jio set-top box will accept broadcast cable TV signals from thousands of local cable operators who work with Hathway, DEN and GTPL.

-Jio Fiber users will get a landline phone connection for free.

-Reliance Jio has so far received over 15 million registrations from nearly 1,600 towns across India for its Jio Fiber broadband service.

-Jio's IoT service will be launched in the market on 1st January, 2020.

-Jio's Internet of Things (IoT) venture, pan-India 4G network called Narrowband Internet-of-Things or NBIoT, can deliver around ₹20,000 crore revenue for the company.

Watch: Reliance Industries unveils Jio GigaFiber starting at ₹700 per month

-More than 10 million customers are signing into Jio every month: Mukesh Ambani.

-Reliance Jio has invested ₹3.5 lakh crore towards creating a state-of-the-art digital infrastructure across India, with the largest optical fiber footprint.

-Reliance Jio's digital set-top box will have ultra high-definition entertainment, virtual reality content, multi-party video conferencing, voice-enabled virtual assistants, interactive gaming, home security and other smart-home solutions.

-Ambani promises more dividends and bonus issues to shareholders.

-We will move towards listing of Jio and Reliance Retail within the next five years: Mukesh Ambani.

-Mukesh Ambani reveals roadmap to becoming a zero net debt company in the next 18 months.

-Reliance has built a unique portfolio of world class and extremely valuable assets in world's fastest growing economy. Each of our best-in-class businesses is contributing to the transformation of #India, and creating enormous societal value: Mukesh Ambani at RIL AGM.

-Reliance has invested ₹5.4 trillion during the last five years to generate EBITDA in excess of US$ 1 billion annually for over a decade.

-Jio will provide unlimited ISD calling service from Jio landline at fixed monthly rental of ₹500 to US and Canada.

-Reliance’s new commerce platform represents the digital symbiosis of big and small enterprises. I believe that the small must not only survive, but also thrive in New India: Mukesh Ambani.

-Our merchant Point of Sale (POS) Solution – Jio Prime Partner POS – is integral to our plan to create an ecosystem around small merchants. This user-friendly digital platform will modernise even the smallest kirana shop to become a digitized store: Mukesh Ambani.

-E-commerce is a massive business opportunity. In the true Reliance ethos, we are working towards enriching and empowering nearly 30 million merchants and Kirana shop owners with our end-to-end digital and physical distribution stack: Mukesh Ambani

-Today, Reliance Retail is the only Indian retailer to be ranked in the Global 100 top retailers. Over the next 5 years, our aim is to be amongst the world’s top 20 retailers: Mukesh Ambani.

-Last year, Reliance Retail sold TV every 4 seconds, phone every 2 seconds.

-The retail business has grown phenomenally, registering a 7-fold increase in revenue and a 14-fold increase in profit in the last 6 years. Relentless focus on operating discipline has resulted in a 3-fold rise in per store productivity in last 5 years: Mukesh Ambani.

-We are at the end of the beginning of the Jio story: Mukesh Ambani.

-Reliance Jio will provide a bundle of connectivity and essential business productivity and automation tools to Indian small businesses for 1/10th the cost at ₹1,500 per month: Mukesh Ambani.

-Mukesh Ambani says Jio will provide connectivity and the Jio-Azure cloud service to Indian technology startups absolutely free.

-Jio to set up a network of large world-class datacenters across India powered by Microsoft’s Azure cloud platform.

-The Jio-Microsoft alliance will accelerate digital transformation with the launch of new cloud datacenters.

-Jio enters long-term alliance with Microsoft.

-Jio is s setting up a pan-India Edge Computing and Content Distribution network starting with tens of thousands of nodes: Ambani.

-Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India, with tens of thousands of nodes operational on day one: Mukesh Ambani.

-Under a Welcome Offer, Jio Fiber customers opting for annual plan will get a new Jio Forever plan under which a full HD TV or a Home PC and 4k set-top box will be given for free: Ambani.

-Jio Fiber will launch a premium service where customers can watch movies at home on the same day they are released in theaters. This service will be launched in the middle of 2020: Mukesh Ambani.

-Voice calls from home will be absolutely free for ever for Jio Fiber subscribers.

-Jio Fiber's plans will be priced at ₹700- ₹10,000 per month.

-Jio Fiber's most basic plans will start at 100 Mbps and go upto 1 Gbps.

-This is the power of new India, the young India: Ambani.

-New mixed reality (MR) headsets, built by a startup that Jio has invested in, will be available in the market soon.

-Ambanis give a demo of MR headsets.

-The amount of fiber laid by Jio can encircle the earth 11 times.

-Jio set-top box supports gaming.

-Spending thousands for video conferencing is now history: Akash Ambani.

-Jio broadband's speed starts 100 Mbps and goes upto 1 Gbps.

-With every Jio Fiber home all our LCO partners will continue to have a steady stream of revenue for their broadcast TV business: Mukesh Ambani.

-"Over the past months we have upgraded our MSO’s infrastructure to world-class standards. Now LCO partners can offer the largest bouquet of High-Definition channels to customers with better features, reliability and customer experience than even DTH.": Mukesh Ambani.

-Jio GigaFiber rollout to be complete in the next 12 months.

-Ambani announces Internet of Things for entire country, home and enterprise broadband, broadband for SME.

-Jio Fiber services to be launched on commercial basis on 5th September 2019 - on the third anniversary of Jio’s launch.

-Revenues from each of its new growth engines to kick-in within FY 2019-20: Mukesh Ambani at RIL AGM.

-Jio GigaFiber will reach 20 million residences

-Saudi Aramco will supply 500,000 barrels per day of crude oil to Reliance refineries after taking stake: Ambani.

-The investment cycle of Jio is complete: Ambani.

-Reliance will get ₹7,000 crore by selling 49% stake in its fuel retail business to BP.

-Reliance will transform itself into a new Reliance, says Mukesh Ambani at company's 42nd AGM

-Mukesh Ambani announced that Saudi Aramco will buy 20% stake in RIL's oil-to-chemical division for $75 billion.

-The slowdown in some sectors of the economy is temporary.

-Fundamentals of India is very strong: Ambani

-We continue to be highest payer of customs and excise duty in the private sector.

-RIL is India's largest exporter.

-Reliance Retail is larger than all other major retailers put together.

-Had Reliance Jio and Reliance Retail been listed, each would have been top 10 in india in terms of value: Ambani.

-We are incubating new growth engines: Ambani

- Mukesh Ambani begins speech.

-In his speech, Ambani can give a peek into RIL’s next leg of growth plans across real estate, petchem and refining.

-You can watch the live streaming of Mukesh Ambani's speech at RIL AGM at Flame Of Truth Channel and Jio YouTube Channel.

-RIL's AGM will be held at at Birla Matushri Sabhagar in Mumbai.

-Market analysts and RIL shareholders expect Ambani to announce Reliance Retail's ambitious plans in e-commerce.

- RIL is also expected to launch JioPhone 3, the successor to Reliance JioPhone 2, with better specifications and features.

- Reliance Jio is expected to roll out broadband services in three key offerings – base-pack (broadband only), bundled pack (broadband + TV offering) and high-end converged pack with the Internet of Things (IoT) devices.

- Mukesh Ambani to begin speech at 11 am.