Reliance CMD Mukesh Ambani announced a TV set top box alongside the launch of its high-speed internet service, Jio Fiber, at the company's 42nd Annual General Meeting (AGM). Jio Fiber will come a landline phone connection, IoT and the aforementioned TV set top box that aims to provide ultra-high definition entertainment.
Jio Fiber plans are priced between ₹700 and ₹10,000 a month. Ambani said these rates are a tenth of the global rates.
Over the past months Reliance has worked with Multiple System Operators (MSOs) to upgrade its infrastructure, Ambani said.
Earlier this year, RIL acquired controlling stakes in three leading Cable MSOs – Hathway, DEN and GTPL — who have direct relationships with over 30,000 LCOs.
He believes after these upgrades, Reliance's LCO partners would be able to offer the largest bouquet of High-Definition channels to customers with better features, reliability and customer experience than DTH.
Ambani also said the Jio set top box can accept the broadcast cable TV signals Reliance's LCO partners.
Akash Ambani and Isha Ambani demonstrated the capabilities of Jio Fiber and Jio's set top box at the event. Jio TV seems to have integrated the entire Jio ecosystem that includes JioCinema, JioGames, JioCast and JioSaavn. They also showed the low latency, high-speed cloud gaming experience, mixed reality applications through Tesseract, a Reliance-owned startup and video and voice conference capabilities of Jio Fiber.
Microsoft CEO Satya Nadella also made a surprise appearance at 42nd Reliance's Annual General Meeting (AGM) to announce a long-term alliance with Jio.
"Jio and Microsoft will launch new cloud data centres in India, ensuring more of Jio's customers can access the tools and platforms they need to build their own digital capability," said Nadela.