Reliance Chairman Mukesh Ambani revealed some important details about its fiber-to-the-home internet service at the company's 42nd Annual General Meet (AGM). The high speed broadband service has been renamed to Jio Fiber from Jio GigaFiber after the telco sought suggestions from users of its MyJio app on what should be the name of its broadband service. Jio Fiber will be made available commercially starting 5 September, the same day Reliance Jio turns three.
At the event, Ambani said Jio Fiber's cheapest data plan is priced at ₹700/month with speeds capped at 100Mbps. The top-of-the-line package is priced at ₹10,000 per month with access to broadband, Jio HomeTV and Jio's IoT.
Ambani said complete tariff information would be available on 5 September.
Jio Forever Plans:
Ambani also introduced Jio Forever Plans that will give long-term users an HD or 4k LED television and 4k set-top box for free. The brand of the TV hasn't been unveiled yet.
Reliance will offer fixed line services with all of its Fiber packages. Voice calling to any Indian operator would be free. Jio also promised to reduce the prices of international calls.
"ISD calling tariffs would be 1/5th to 1/10th of industry rates. We are offering unlimited US/Canada pack at ₹500 per month," said Ambani.
Network roll out of Jio Fiber services is expected in the next 12 months.
Given the nature of the service, Jio Fiber would be competing with Spectra and ACT Fibernet. These two companies also offer 1Gbps download speeds but in select cities.
ACT Fibernet's Giga plan offering gigabit internet speeds in select areas including Bengaluru is priced at ₹5,999. It has a data limit of 2,500 GB after which the internet speed is throttled to 1Mbps. Spectra offers a 1Gbps connections at ₹13,999 in Noida, Gurgaon, Bengaluru and Delhi with no data restrictions.