Today On Relaince Industries AGM 2019 Mukesh Ambani has announced Jio Gigafiber Launch on September 5, Jio – Microsoft cloud partnership and India’s biggest investment by Aramco in Reliance Industries. All the announcements was exciting ones for business insiders.
1. Jio Gigafiber.
Jio Gigafiber will be starting it’s services on September 5th, offering free voice call for life on landlines, 100 MBPS high speed internet, free high definition TV & Dish on a minimum subscription of Rs. 700/- and Maximum up to Rs. 10,000/-. Mukesh Ambani said in India Jio Gigafiber will start at 100MBPS and we have plans to go up to 1 GBPS speed. We are pricing our plan at one – tenth of the global rate to make it accessible to every home.
2. India’s Biggest Business investment by Saudi Aramco in Reliance Industries.
Mukesh Ambani said in Reliance AGM 2019, Reliance Industries will sell their 20% of the total stakes in the oil and chemicals business to Soudi Aramco company. It will be the biggest investment by any company in India’s history. A total of $75 Billion ( 1.06 lakh crore Indian Ruppees ) will be the investment amount. One more major thing is happening in Reliance’s Oil and Chemicals business, which is Reliance is selling their 49% of their retail oil business to BP of UK for 7000 Crore.
3. Jio – Microsoft Cloud partnership.
Reliance Jio and Microsoft is joining hands for a long term partnership to accelerate India’s digital transformation with the launch of new cloud data centers. Jio will start new world class network of data centers across India powered by Microsoft’s Azure Cloud platform.
From mid 2020 the premium Jio GigaFiber customers will be able to watch new movies on its release day itself. Reliance Jio GigaFiber Premium customers can watch new movies from home with GigaFiber on the same day of the movie’s theatre release. This Service By Jio GigaFiber will be launched by middle of 2020.