Wednesday, 21 August, 2019

Mukesh Ambani seconds irked shareholder's view — RIL AGM

Jio GigaFiber service to launch on 5 Sept 2019 Reliance unveils JioFiber broadband service, data plans start at Rs 700 per month
Ginger Lawrence | 13 August, 2019, 23:42

It also claimed that the graphic performance of the set-top-box is "at par with the best in the world" and delivers "zero latency".

Aramco will buy a 20% stake in the company's oil-to-chemicals business, including the 1.24 million-barrel-a-day Jamnagar refining complex on India's west coast, Reliance Chairman Mukesh Ambani said in Mumbai.

Mukesh Ambani called this service as "Jio First Day First Show" plan.

Staying away from the topic, meanwhile, Ambani focused on blockchain's role in empowering Indian consumers.

"[By] using blockchain, we also have an opportunity to invent a brand-new model for data privacy where Indian data especially customer data is owned and controlled through technology by the Indian people and not by corporates, especially global corporations", Ambani said.
Once this data was exhausted, users could get a top-up of additional 40GB data. The company enjoys the highest market share in Hyderabad in the wired broadband market and relies on the same fiber network infrastructure as RIL's upcoming Jio GigaFiber service. Under the JioFiber Launch Offer, you can even get the 4K Set-Top box along with an HD LED TV or a Home PC. The fastest-growing operator in the world had crossed 300 million subscribers by April 2019, is now India's biggest telecom operator with 340 million subscribers with a network that is already "4G plus" and can be upgraded to 5G at "minimal costs".

Based on the registrations, Reliance had drawn up a plan to reach 20 million residences and 15 million business establishments in these 1,600 towns.

"Jio aims to connect at least 1 billion of these (connected devices) on Jio's IoT platform".

S. Korea hardest hit by N. Korea's cyberattacks
The investigation also revealed that cryptojacking was used on several occasions to mine cryptocurrencies on the sly. Another known method is by crypto mining activities for funding professional military branches.

Additionally, RIL and its partner, BP Plc, will together invest Rs 35,000 crore for bringing to production three sets of natural gas fields in the Krishna Godavari basin block in the Bay of Bengal by 2022, chairman Mukesh Ambani said. Complete plan details for Jio Fiber will be made available closer to the commercial launch date. This service won't be available immediately but Ambani stated that it should be live by mid-2020.

Jio also demoed its new mixed reality (MR) headset, which is a combination of augmented reality (AR) and virtual reality (VR), that its building with the help of one of the startups under its umbrella.

Under this plan, "premium Jio Fiber subscribers will be able to watch new movies in their living rooms on the same day these movies are released in theaters", Ambani said.

Jio GigaFiber will also include subscriptions to several top premium OTT applications. The base plan of JioFiber will offer 100Mbps data speed and the maximum speed will go up to 1Gbps.

The Jio International Calling pack costs Rs 500 a month and it offers unlimited free calls to the United States and Canada.

On Monday, addressing Reliance shareholders via a recorded video message, Microsoft's Indian-born Chief Executive Satya Nadella said: "Together, we will offer comprehensive technology solutions - from compute and storage, to connectivity and productivity - to small and medium businesses everywhere in the country".