Reliance Jio will soon offer unlimited ISD calling service from Jio landlines to the US and Canada at fixed monthly rental of 500. This was announced by RIL chairman Mukesh Ambani at the company's 42nd AGM. He also said that Jio will commercially launch its broadband services, JioFibre, from 5th September, with monthly rental starting from 700 and going up to 10,000. JioFibre will offer internet speeds of 100 mbps, going up to 1 Gpbs and voice calls from JioFibre fixed line phones to anywhere in the country will be free for life.

Reliance Jio will also launch its IoT platform from January 1, 2020, he announced.

"In India even the most basic Jio Giga Fiber will start at 100 mbps at the lowest end. We have plans to go all the way to 1 gbps. We are pricing our plan at one-tenth of global rate to make it accessible for every home," Ambani said.

From mid-2020, the premium Jio Giga Fiber customers will also get to watch new movies on the same day of its release, he said.

"Premium Jio Giga Fiber customers can watch movies at home… the same day they are released in theatres! This service will be launched in the middle of 2020," he said.

Mukesh Ambani said that Jio, which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things (IoT) for the entire country, home and enterprise broadband services as well as broadband for SMEs.

"Revenue from each of these engines will kick in this fiscal itself," Reliance Industries' Chairman and Managing Director Mukesh Ambani said addressing the 42nd Annual General Meeting (AGM) in Mumbai.

The investment cycle of Reliance Jio is complete, and about 3.5 lakh crore has been invested in high-speed 4G network, he said.

Jio has also entered into a long-term alliance with Microsoft to accelerate digital transformation of India by launching new cloud data centres, he added. (With Agency Inputs)

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