JioPhone 2 and Jio GigaFiber announced at the AGM

Danny Woods
July 6, 2018

The Mumbai-headquartered company said a JioPhone 2 worth at 2,999 rupees ($43.50) will be available from August 15. At the AGM this year, the company now announced the JioPhone 2 with QWERTY keyboard.

The service will come directly to homes, unlike in most cases where the fibre reaches only until the building.

"We shall create this by integrating and synergizing the power of Reliance Retail's physical marketplace with the fabulous strengths of Jio's digital infrastructure and services".

Mumbai: Reliance Industries Chairman Mukesh Ambani on Thursday announced the launch of Jio Phone 2. Under this offer, by exchanging your old feature phone, consumers can get a brand new JioPhone for an effective entry price of just Rs 501. It will be an interconnected network for Internet, TV, Voice, and Home platforms.

"While India has pole-vaulted into global leadership in the mobile broadband space.we still lag behind significantly in fixed-line broadband".

Our view: The launch of Jio GigaFiber has the potential to transform the fixed-line broadband industry in India.

Also, on the occasion was launched JioPhone 2.0 that will be priced at Rs. 2,999. Jio has been testing its internet service in a few cities in India for a few months now, but the company seems to be ready finally to launch it officially now.

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Reliance shares have surged almost 83 percent since September 1, 2016, the day its telecom service was launched.

In a video demonstration, the company explained how Jio Phone 2's YouTube, Facebook and WhatsApp services will respond to a customer's voice.

During the address, Ambani also stated that Jio GigaFiber-based smart home technology will be installed at one's house in less than an hour. He said, "Jio has enabled Reliance to strategically reinvent itself as a Technology Platform Company".

Billionaire Mukesh Ambani's Reliance Jio has doubled its customer base to more than 215 million customers in one year from the earlier 123 million. Ambani has also announced that these apps will be available in JioPhone from August 15.

In addition to these announcements, Reliance Jio also announced a new smart home solution that includes Jio GigaTV, security cameras, home appliances and more. Dubbed as JioGigaFiber, users can subscribe to the service starting from August 15.

"We will now extend fibre connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously", he told investors in Mumbai.

Jio also confirmed that JioPhone will also be sold alongside the original JioPhone in India.

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