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Reliance Jio Prices Unveiled: Mukesh Ambani's Key Announcements

News18.com | September 1, 2016, 1:41 PM IST
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Reliance Industries chairman Mukesh Ambani has made key announcements related to Reliance Jio mobile services in his address to the RIL Annual General Meeting on Thursday.

Ambani revealed the highly-anticipated tariff plans and infrastructure layout that could not only start the price war, but also begin a new digital revolution in India. Reliance industries has officially announced that it will offer services at substantially lower rates than the rivals.

(Disclosure: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited that also owns Reliance Jio)

Here are the live updates.

Sep 1, 2016 12:52 pm (IST)

Sep 1, 2016 12:47 pm (IST)

Under Nita’s guidance, RIL Foundation continues to be the largest corporate Foundation in India: Mukesh Ambani


Sep 1, 2016 12:44 pm (IST)

Sep 1, 2016 12:38 pm (IST)

We own highest number of channels - 58 spanning news, entertainment; including 11 that cater to Indian audiences in international markets. Our channels collectively reach out to more than 500 million viewers every month – nearly two out of every five Indians: Mukesh Ambani


Sep 1, 2016 12:31 pm (IST)

Reliance is India’s largest exporter accounting for 8.5% of India’s total merchandise exports: Mukesh Ambani


Sep 1, 2016 12:25 pm (IST)

Our petrochemical business had the highest ever volumes and earnings. Its margins were among the top 5 companies globally: Mukesh Ambani


Sep 1, 2016 12:25 pm (IST)

Reliance demonstrated best earnings growth not only among large companies in India but also among the strongest in our global peer group. The gross refining margin at $10.8/barrel was the highest in 7 years: Mukesh Ambani 


Sep 1, 2016 12:24 pm (IST)

Our operating and net profits grew by 14% and 17% respectively: Mukesh Ambani 


Sep 1, 2016 12:24 pm (IST)

The net profit for the year stood at Rs 27,630 crore, the highest in the Indian corporate sector: Mukesh Ambani 


Sep 1, 2016 12:23 pm (IST)

Sep 1, 2016 12:22 pm (IST)

There are very few other parallels of creating such a new business anywhere in the world: Mukesh Ambani 


Sep 1, 2016 12:22 pm (IST)

We are creating a consumer-centric business founded on technology, logistics, customer satisfaction as defining principles: Mukesh Ambani


Sep 1, 2016 12:22 pm (IST)

Our consumer business has media and entertainment, digital services and retailing: Mukesh Ambani

 


Sep 1, 2016 12:21 pm (IST)

We have invested more in the last 5 years than in the first 35 years of the company: Mukesh Ambani


Sep 1, 2016 12:20 pm (IST)

Our petroleum retailing business is now a part of overall retailing as is a very large distribution network for mobile and digital services: Mukesh Ambani


Sep 1, 2016 12:19 pm (IST)

We are also de-risking this business model from cyclical commodity earnings profile to an annuity like strong cash-flow generating portfolio. In past 2 years, earnings have grown while oil prices have dropped from $100 to below $40, demonstrating success of new business model: Mukesh Ambani 

 


Sep 1, 2016 12:18 pm (IST)

We are investing in excess of Rs 110,000 crores in our petrochemicals and refining business for growth: Mukesh Ambani 


Sep 1, 2016 12:18 pm (IST)

We have invested more in the last 5 years than in the first 35 years of the company: Mukesh Ambani


Sep 1, 2016 12:17 pm (IST)

We demonstrated our faith [in India] by investing over Rs.250,000 crores: Mukesh Ambani


Sep 1, 2016 12:14 pm (IST)

Sep 1, 2016 12:10 pm (IST)

Finally, Jio is also about bringing people together. It is about you, our family, friends, community and Indians together: Mukesh Ambani


Sep 1, 2016 12:09 pm (IST)

Third, Jio is about doing things in a smart, simple and secure way: Mukesh Ambani


Sep 1, 2016 12:09 pm (IST)

Secondly, Jio is about connected Intelligence: Mukesh Ambani


Sep 1, 2016 12:09 pm (IST)

Jio is about affordable, high quality and abundant data, enabling Digital Life for Digital India: Mukesh Ambani


Sep 1, 2016 12:08 pm (IST)

I appeal to my fellow operators to do their part to create a fair framework of co-opetition that is good for India and Indian customers: Mukesh Ambani


Sep 1, 2016 12:06 pm (IST)

Sep 1, 2016 12:05 pm (IST)

Sep 1, 2016 12:03 pm (IST)

Giving the impression to Jio customers that voice is not working, when actually the incumbent operators are deliberately dropping calls. This is why telecom operators have legal obligations, as part of license conditions, to provide Points of Interconnect to other operators: Mukesh Ambani


Sep 1, 2016 12:02 pm (IST)

In the last week alone, Jio customers suffered over 5 crore call failures to other networks because of insufficient interconnect capacity


Sep 1, 2016 12:02 pm (IST)

Therefore, the onus is rightly on the incumbent operators not to misuse their market power by creating unfair hurdles: Mukesh Ambani


Sep 1, 2016 12:02 pm (IST)

Incumbent operators have advantages over new entrants, have well-established networks, customers. New entrants require fair access to both: Mukesh Ambani


Sep 1, 2016 12:02 pm (IST)

I also want to direct my words to another important constituency – existing Indian telecom operators: Mukesh Ambani 


Sep 1, 2016 12:01 pm (IST)

Akash and Isha, both 24, our directors at Jio, have been hands on leaders. They represent large contingent of less than 30 year olds at Jio


Sep 1, 2016 12:00 pm (IST)

Jio is a creation of the young, by the young, and for the young: Mukesh Ambani


Sep 1, 2016 12:00 pm (IST)

I stand before you as a very proud leader of over 60,000 Jio employees across India. Average age at #Jio is 30 years: Mukesh Ambani


Sep 1, 2016 11:57 am (IST)

For this, we have created a Jio #DigitalIndia Startup Fund and are also working to create Digital Entrepreneurship Hubs in key cities, owns: Mukesh Ambani


Sep 1, 2016 11:57 am (IST)

We also have plans to partner with thousands of Indian entrepreneurs, whose digital ventures can bloom in the ground that Jio is preparing: Mukesh Ambani 


Sep 1, 2016 11:56 am (IST)

This initiative will push the power of data even further, and will offer data speeds up to 1 Gigabit per second: Mukesh Ambani


Sep 1, 2016 11:56 am (IST)

Starting in select cities, Jio is rolling out a fiber to home wireline network: Mukesh Ambani 


Sep 1, 2016 11:56 am (IST)

Jio customers to co-create the best network experience together.  We will use the FREE WELCOME OFFER period to get valuable feedback


Sep 1, 2016 11:55 am (IST)

Jio gets to test and stabilize Jio’s interconnect with other operators and to ensure superior voice quality for calls to other networks: Mukesh Ambani


Sep 1, 2016 11:55 am (IST)

Jio users can experiment with Jio Digital Life, and personalize Jio’s offerings in a manner that best fits their usage: Mukesh Ambani


Sep 1, 2016 11:55 am (IST)

Firstly, every Indian gets to enjoy Jio Digital Life. Every user gets to experience and get comfortable with Jio’s digital service experience – especially Billing & Payments: Mukesh Ambani


Sep 1, 2016 11:52 am (IST)
Starting coming Monday, September 5, 2016 Jio’s Data, Voice, Video and the full bouquet of Jio applications and content will be available for EVERYONE, absolutely FREE, till December 31, 2016. We are calling this the JIO WELCOME OFFER: Mukesh Ambani


Sep 1, 2016 11:51 am (IST)

11. White-glove, exclusive services and features for our Platinum customers: Mukesh Ambani


Sep 1, 2016 11:50 am (IST)

10. Jio services for Enterprises to transform them to Digital Businesses: Mukesh Ambani 


Sep 1, 2016 11:50 am (IST)

9.Special offer for Students with 25% more data & incentives to use more: Mukesh Ambani


Sep 1, 2016 11:50 am (IST)

8. All complex telecom charges eliminated. They will now Rest in Peace: Mukesh Ambani


Sep 1, 2016 11:50 am (IST)

7. The simplest and the most attractive Tariff Plans in the market, with the lowest data rates anywhere in the world: Mukesh Ambani

 


Sep 1, 2016 11:49 am (IST)
6. Free Voice calling. Across India. To any network. At all times. And no domestic roaming charges. The era of paying for voice ends today.


Sep 1, 2016 11:47 am (IST)

5. MyJio, a digital companion app for every stage of your Digital Life: Mukesh Ambani


Sep 1, 2016 11:47 am (IST)

4. Instant eKYC digital activations – in the store and at home: Mukesh Ambani 


Sep 1, 2016 11:47 am (IST)

3. Jio Apps subscription worth Rs 15,000, complimentary until 31st December of 2017: Mukesh Ambani 


Sep 1, 2016 11:46 am (IST)

2. True 4G LTE smartphones starting from Rs 2,999 and Jio-Fi for Rs 1,999 that enables all Indians to migrate to Jio’s Data Strong network


Sep 1, 2016 11:46 am (IST)

1. India’s only all-IP, data-strong, made-for-mobile-video, Only 4G LTE, future-ready network: Mukesh Ambani


Sep 1, 2016 11:46 am (IST)

Let’s now take a moment to review the powerful offerings that Jio has unveiled today: Mukesh Ambani


Sep 1, 2016 11:44 am (IST)

For our platinum customers, Jio is working to raise the bar when it comes to Digital Life experiences: Mukesh Ambani


Sep 1, 2016 11:43 am (IST)

Jio will partner with all segments of enterprises and offer them competitive and unique customised solutions: Mukesh Ambani


Sep 1, 2016 11:42 am (IST)
Today, we are unveiling Special Students Discount Offer: Any student will be able to get 25% MORE data on Jio’s main tariffs: Mukesh Ambani


Sep 1, 2016 11:41 am (IST)

Jio tariffs are designed to give you the full freedom and flexibility to use as much data as you want. It removes fear of high data charges: Mukesh Ambani


Sep 1, 2016 11:39 am (IST)

Another highlight: unlimited night LTE data. This is designed to pass on the idle network capacity at night to our customers: Mukesh Ambani


Sep 1, 2016 11:39 am (IST)
Data packs in the market have an effective rate of about Rs 250/ GB. With Jio, you pay 5 to 10 times lower – Rs 25-50/ GB: Mukesh Ambani


Sep 1, 2016 11:39 am (IST)

We have price points starting from Rs 19 for the occasional data user, to a monthly Rs 149 plan for the light data user all the way up to a monthly Rs. 4,999 plan for the heaviest data user: Mukesh Ambani 


Sep 1, 2016 11:38 am (IST)

Sep 1, 2016 11:37 am (IST)

Jio will provide “free voice”, and remove pain points of 
1.Blackout Days, 
2.Bill Shocks
3.Non-transparent, difficult-to-understand bills


Sep 1, 2016 11:36 am (IST)

Sep 1, 2016 11:35 am (IST)

Today, there are more than 22,000 telecom tariffs across the country. Jio’s pricing has 10 main plans: Mukesh Ambani


Sep 1, 2016 11:35 am (IST)

Our 3rd principle is that the pricing structure should be simple for every Indian to understand: Mukesh Ambani


Sep 1, 2016 11:35 am (IST)

Jio makes India the highest quality, most affordable data market in the world: Mukesh Ambani


Sep 1, 2016 11:35 am (IST)

I believe that these are the absolute lowest data rates anywhere in the world: Mukesh Ambani


Sep 1, 2016 11:34 am (IST)

Our data plans go even further: 5p/ MB, or Rs 50/ GB. And the more data you use, the lower the rate: Mukesh Ambani

 


Sep 1, 2016 11:34 am (IST)

Current market practice is to charge a base rate of Rs 4,000-10,000 per GB! Jio will have a base rate which is 1/10th of this: Mukesh Ambani


Sep 1, 2016 11:34 am (IST)

Sep 1, 2016 11:33 am (IST)

Our second principle is data must be affordable: Mukesh Ambani


Sep 1, 2016 11:33 am (IST)

Jio will put an end to VOICE CALL charges in India. No Jio customer will ever have to pay for voice calls again: Mukesh Ambani


Sep 1, 2016 11:32 am (IST)

I have great pleasure in announcing that all voice calls for Jio customers will be ABSOLUTELY FREE: Mukesh Ambani


Sep 1, 2016 11:32 am (IST)

First principle: Customers should pay for only one service, either voice or data. Not both: Mukesh Ambani


Sep 1, 2016 11:32 am (IST)

And if this means changing the industry, then we are prepared to do so: Mukesh Ambani


Sep 1, 2016 11:32 am (IST)

Jio’s pricing principles are about solving customer pain points. We have always put the customer first: Mukesh Ambani


Sep 1, 2016 11:32 am (IST)

We are also planning to extend eKYC activation to our customers’ doorsteps: Mukesh Ambani


Sep 1, 2016 11:32 am (IST)

Any Jio customer carrying an Aadhaar card will be able to walk out of a Jio store with a working connection within 15 minutes: Mukesh Ambani


Sep 1, 2016 11:31 am (IST)

With this digital process, we will have a capacity to acquire a million customers a day: Mukesh Ambani


Sep 1, 2016 11:30 am (IST)

Over the next 4 to 6 weeks we will have this process in all our stores across India: Mukesh Ambani


Sep 1, 2016 11:30 am (IST)

Sep 1, 2016 11:29 am (IST)

We have redesigned the #Jio sign-up experience and made it 100% digital using an Aadhaar based eKYC process: Mukesh Ambani


Sep 1, 2016 11:28 am (IST)

Jio-Apps bouquet – worth Rs 15,000 for an annual subscription – will be COMPLIMENTARY for all active Jio customers up to 31 December 2017: Mukesh Ambani


Sep 1, 2016 11:27 am (IST)

Sep 1, 2016 11:27 am (IST)

With this, Jio and Reliance Digital have ensured that entry price for using a 4G LTE network is affordable for all Indians: Mukesh Ambani


Sep 1, 2016 11:26 am (IST)

And for those who want to hold on to their 2G/3G smartphones, we are introducing our 4G LTE personal router, called Jio-Fi, for Rs 1,999: Mukesh Ambani


Sep 1, 2016 11:26 am (IST)

More feature-rich models are available for progressively higher price-points like Rs 3999, Rs 4999 and Rs 5,999: Mukesh Ambani


Sep 1, 2016 11:26 am (IST)

Today, Reliance Digital is introducing a lineup of super-affordable 4G LTE smartphones under our popular LYF brand, starting at Rs 2,999: Mukesh Ambani


Sep 1, 2016 11:26 am (IST)

More than 70% of all smartphones sold in the country are 4G LTE smartphones. But I believe this is not enough: Mukesh Ambani


Sep 1, 2016 11:25 am (IST)

It is future ready and it can be easily upgraded to support even more data, as technologies advance to 5G, 6G and beyond: Mukesh Ambani


Sep 1, 2016 11:25 am (IST)

It is future ready and it can be easily upgraded to support even more data, as technologies advance to 5G, 6G and beyond: Mukesh Ambani


Sep 1, 2016 11:24 am (IST)

Jio has the only network conceived and born as a MOBILE VIDEO NETWORK from the ground up: Mukesh Ambani

 


Sep 1, 2016 11:24 am (IST)

This means that there is only 4G on the Jio network and not “mostly 2G, sometimes 3G and once-in-a-while 4G”: Mukesh Ambani

 


Sep 1, 2016 11:23 am (IST)

Jio is the only mobile network in the country that is ONLY 4G LTE: Mukesh Ambani


Sep 1, 2016 11:23 am (IST)

Today, Jio’s 4G network covers 18,000 cities and towns, and over 2 lakh villages. By March 2017, we will cover 90% of India’s population: Mukesh Ambani

 


Sep 1, 2016 11:23 am (IST)

The all-IP design also makes Jio’s network the most extensive & future-proof network in the world: Mukesh Ambani


Sep 1, 2016 11:22 am (IST)

With this single digital mother tongue, we will connect India into a single family and a single united nation: Mukesh Ambani

 


Sep 1, 2016 11:22 am (IST)

With the launch of Jio, India’s digital mother tongue will be IP. Jio’s IP: Mukesh Ambani


Sep 1, 2016 11:22 am (IST)

Jio, on the other hand, has created an all-IP network. There is only one language spoken on the Jio network – the language of the Internet: Mukesh Ambani


Sep 1, 2016 11:21 am (IST)

As Internet revolution caught on, they have had to retrofit their legacy networks to deal with data and IP as afterthought: Mukesh Ambani


Sep 1, 2016 11:21 am (IST)

Most legacy telecom providers have not built their networks for data or the Internet but for voice and SMS: Mukesh Ambani


Sep 1, 2016 11:20 am (IST)

1.The best quality broadband network with highest capacity
2.A world of affordable, 4G smartphones and wireless IP devices
3.Compelling applications and content 
4.Superior digital service experiences, and 
5.Affordable and simple tariffs

 

 


Sep 1, 2016 11:20 am (IST)

The Jio ecosystem stands tall on FIVE fundamental pillars: Mukesh Ambani


Sep 1, 2016 11:19 am (IST)

Data is the oxygen of digital life. We need digital tools and skills. Data demand is growing exponentially. Jio will meet this demand for India. Jio will realise the Digital India Vision: Mukesh Ambani


Sep 1, 2016 11:17 am (IST)

Jio’s mission is to realise Digital India vision, ensure Indians have highest quality and quantity data access at most affordable prices: Mukesh Ambani


Sep 1, 2016 11:17 am (IST)

Jio’s mission is to meet the exploding need of data for India, and to take our nation from data shortage to data abundance: Mukesh Ambani


Sep 1, 2016 11:15 am (IST)

Which is why Reliance created Jio. Jio is more than just business for us: Mukesh Ambani


Sep 1, 2016 11:15 am (IST)

Supply of oxygen for digital life must never be unaffordable. Doing so shows disrespect for Life. Jio respects Life: Mukesh Ambani


Sep 1, 2016 11:15 am (IST)

Digital Technologies open the doors to this Life. Life cannot survive without oxygen. Data is the oxygen of Digital Life: Mukesh Ambani


Sep 1, 2016 11:14 am (IST)

I believe it is the fundamental right of every Indian to live a life of freedom, a life of fulfilment and to realize their fullest potential: Mukesh Ambani


Sep 1, 2016 11:14 am (IST)

We have called it Jio because Jio means to live: Mukesh Ambani


Sep 1, 2016 11:13 am (IST)

Jio means to live, there is nothing more precious than Life: Mukesh Ambani


Sep 1, 2016 11:12 am (IST)

The world is at the beginning of a Digital Revolution


Sep 1, 2016 11:11 am (IST)

I want to dedicate commencement of Jio to Digital India Vision of PM Modi, 1.2 billion Indians and India: Mukesh Ambani


Sep 1, 2016 11:11 am (IST)

Jio is dedicated to realising our Prime Minister’s vision for 1.2 billion Indians: Mukesh Ambani


Sep 1, 2016 11:10 am (IST)

I start with the newest and youngest member of the Reliance family – Jio: Mukesh Ambani


Sep 1, 2016 11:08 am (IST)

Mukesh Ambani thanks all shareholders for the support to Reliance Industries Ltd 


Sep 1, 2016 10:56 am (IST)

Sep 1, 2016 10:55 am (IST)

RIL Chairman Mukesh Ambani arrives at the AGM


Sep 1, 2016 10:13 am (IST)
Watch the Reliance AGM live here

 



Sep 1, 2016 9:53 am (IST)

Jio service is already available on Sony, Sansui, Videocon, LG, Samsung, Micromax, Panasonic, Asus, TCL, Alcatel 4G smartphones, and the industry estimates that its reach may now extend to about potentially 75-80% 4G phone users.


Sep 1, 2016 9:49 am (IST)

Reliance Jio has been expanding its free 90-day unlimited calls and high-speed mobile broadband trial offer to 4G smartphone users of brands such as HTC, Intex, Vivo, Gionee, Karbonn and Lava.

 


Sep 1, 2016 9:48 am (IST)

Besides shedding light on the telecom venture, Mukesh Ambani may spell out completion details of the $30 billion worth of petrochemical and downstream projects.


Sep 1, 2016 9:31 am (IST)

Sep 1, 2016 8:54 am (IST)

Airtel and Idea, have introduced smaller ticket monthly 3G/4G data plans starting as low as Rs 9

 


Sep 1, 2016 8:54 am (IST)

Airtel, Idea and Vodafone have increased data quotas on prepaid internet packs


Sep 1, 2016 8:53 am (IST)

The Reliance Jio launch has already kickstarted a tariff war in India. Airtel has introduced plans with an 80% reduction in data tariffs.  

 

 


Sep 1, 2016 8:53 am (IST)

The key takeaways of Reliance's major digital push in India are:

- 4G data and voice, video and messaging services are being launched at such a scale for the first time in India

- The end-to-end IP network pan-India will be the largest in the world 

- Reliance Jio plans pan-India coverage through over 90,000 towers

- It will be present in 29 states with a direct physical presence in more than 18,000 urban and rural towns and over 1,50,000 villages. You will thus be able to boost per capita data consumption from current 0.15 GB to 5 GB

- Jio is promising data speeds 20 times faster than current industry speeds

 

 

 

 

 

 


Sep 1, 2016 8:51 am (IST)

Reliance industries has officially announced that it will offer services at substantially lower rates than the rivals. 


Sep 1, 2016 8:51 am (IST)

Mukesh Ambani will reveal the highly-anticipated tariff plans and infrastructure layout that could not only start the price war, but also begin a new digital revolution in India. 

 


Sep 1, 2016 8:50 am (IST)

The announcement is likely to be made at the annual general meeting of Reliance Industries today


Sep 1, 2016 8:50 am (IST)

Reliance Industries chairman Mukesh Ambani is likely to announce the details of India's most anticipated telecom launch, Reliance Jio today.