Jio GigaFiber plan prices in India will start from Rs 700 and go up to Rs 10,000 per month, the company has announced. These Jio GigaFiber prices are about a tenth of the global prices for the service, said Chairman and MD Mukesh Ambani at the RIL AGM 2019. The commercial Jio GigaFiber launch is scheduled for September 5th. As part of the Jio Fiber Welcome Offer, the company will be giving HD/4K TVs and 4K set-top box for free to those subscribing to the Forever annual plan. At the RIL AGM 2019, the company has announced it will be delivering the Jio GigaFiber broadband service to 20 million homes and 15 million businesses.
At present, the Jio GigaFiber broadband service is being tested in 5 million homes, which consume more than 100GB data per month. Moreover, Jio has said it will launch its Internet of Things platform on January 1st, 2020. The platform will target 1 billion IoT devices and the company pegs the opportunity at roughly Rs 20,000 crore. On the TV front, A Jio set-top box with 4K support will be launched to deliver DTH content and smart TV experience to users.
To recall, the Jio GigaFiber pilot test was limited to 1,100 cities in India, with speeds touching up to 1Gbps. It will power the company’s IoT as well as TV ambitions as well. The company estimates revenues from the project will start kicking in FY2020. The company pegs the potential digital services spend at about Rs 5 lakh crore on the lower end.
As for the Jio TV set-top box, it will provide a smart TV experience as well as video calling support on the large screen on the operator’s network. The Jio smart TV UI will include the company’s apps as well as those from third-party platforms. It will also support games from Microsoft, Tencent, GameLoft, and Milestone as well as VR content in 4K resolution.
Separately, the company has announced that the Jio subscriber base has touched 340 million, making it India’s biggest telecom operator in revenue, profit, and subscriber terms, according to RIL Chairman and MD Mukesh Ambani.
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