NEW DELHI :
As Reliance Industries Ltd (RIL) holds its 42nd annual general meeting (AGM) tomorrow in Mumbai, all eyes are on key announcements related to the launch of Jio GigaFiber broadband service and the new Jio Phone 3 model.
In the last year's AGM, RIL chairman Mukesh Ambani had announced that Jio is planning is to come out with fibre-to-the-home (FTTH) service of Jio GigaFiber, a combo service of broadband, TV and fixed landline. Since then, a trail run of Jio broadband service, expected to be a market disruptor, has been going on in several cities. But a full-fledged commercial launch across 1,600 cities of India is awaited.
In the last two AGMs, Reliance Jio came out with successive models of Jio Phone. This AGM, too, it is expected that a new Jio Phone 3 model might be announced by the Ambani family.
In less than three years, Reliance Jio has already become India's largest telecom player by revenue and the second largest by subscriber base.
RIL AGM will begin at 11 am on Monday.
The Ambanis are expected to announce pricing plans of Jio GigaFiber and even Jio GigaTV during the AGM. It has been reported that earlier that Jio might provide a bundled service of broadband internet at a speed of 1 gigabytes per second (gbps), 600 TV channels and a landline connection for a subscription price of ₹600 per month. Just like its mobile telephony service, it is expected that Jio's new foray into the cable TV and broadband segments might also act as a market disruptor with cheap pricing plans.
As indicated on its website, Jio GigaFiber plans will be available both in prepaid and postpaid options. Users will, however, have to pay a security security deposit of ₹4,500 to get an ONT device (GigaHub Home Gateway), which acts as a router, to get access to broadband services.
Reliance Jio had recently sought suggestions from users of its MyJio app on what should be the name of its broadband service. Users were given three options to choose from: JioFiber, JioHome and JioGigaFiber.
Jio Phone 3:
Reliance Jio's last two phone models - Jio Phone and Jio Phone 2 - has had a dream run in the market so far as over 5 crore units of the two smart feature phones have been sold so far.
A hybrid of smartphone and feature phones, Jio Phone comes at an affordable price for those who want smartphone-like features but without paying as much. While Jio Phone comes at a refundable deposit of ₹1,500, the 4G capable Jio Phone 2 model is priced at ₹2,999.
Coinciding with the AGM, Reliance Jio is also holding a sale of the Jio Phone 2 model on August 12 at noon.
It is now expected in the market that RIL will announce a new Jio Phone 3 model with more features at an attractive price.