If any customer doesn't like the service, the company will take it back without asking any questions, JioFiber said in its statement.
Factors like increased recharges, reverse migration, and easing of lockdown curbs helped operators overcome an otherwise seasonally weak quarter.
The collection includes horror, comedy, drama, action, thriller and documentary films as well as movies from other genres.
RIL has roped in Citigroup Global Markets, Moelis and Co and ICICI Securities Ltd have as investment bankers for the deal, revealed the Mint report. Mukesh Ambani has already raised over $20 billion via stake sales in Jio Platforms. The company is now looking to monetise its fibre assets held under Jio Digital Fibre.
After Reliance Jio’s strategy of ultra-low pricing for its JioFiber bundled offers, Bharti Airtel came out with an almost similar price cut for Airtel Xstream plans on Sunday.
ADIA and PIF have contributed a total $2.2 billion to Jio Platform's $20.8 billion fundraise that saw 13 investors, led by Facebook, coming on board in less than three months.
This plan comes with a speed of 10 Mbps. For higher speed you will have to opt for other recharges available on Jio.com & MyJio.
Mukesh Ambani's much-anticipated JioFiber has been launched at a subscription starting Rs 699 a month.
As per reports, the DTH operator may announce the launch of the Android set top boxes as soon as this Diwali.
Visit the Jio official website to register for the Jio Fiber connection. You have to submit your details like address, name and mobile number. After registration through mobile OTP, a Jio executive will visit your place to verify all information.
"Xstream is competitive on the pricing and product fronts and to a large extent tackles competition from JioFiber,” BNP Paribas said.
Premium JioFiber customers can watch movies in their living rooms the same day they are released in theatres.
Services under the plan will be available at one-fifth to one-tenth of current global rates.
After changing the telecom scene forever with Reliance Jio, Ambani is now taking aim at broadband.
Investors had been worried tariffs would be as disruptive as when Jio launched mobile services
Analysts said Jio’s attraction of a 24-inch TV set for free is unlikely to cut much ice with customers.
Deven Choksey believes Reliance Jio can target close to 70-100 crore connections.
Mukesh Ambani has finally unleashed his triple play of carriage, content and commerce. At the 42nd AGM of Reliance Industries today, he unveiled the Jio Fiber, the much talked-about fiber-to-the-home (FTTH) service. Reliance AGM: Mukesh Ambani unveils Jio Fiber, plans start Rs 700
Ambani said Jio Fibre services will be available from September 5, 2019.
New customers are now being billed, and old customers have been told to choose one pack or another.
Along with 5G, Samsung Galaxy S10 and iPhone 11 series sport Wi-Fi 6 certification.
Steep pricing of plans offering the service would appeal only to a small elite base.
Mukesh Ambani's much anticipated fiber-to-the-home (FTTH) service is finally launched. JioFiber plan rentals will start at Rs 699 and will go up to Rs 8,499. The lowest tariff will start with 100 Mbps speed. Most tariff plans come with access to all the services.Launched on August 12, Jio Fiber will see its commercial rollout today. The service, which has the potential to alter the broadband landscape in IndiaReliance JioFibre: Mukesh Ambani unveils broadest range of plans
Mukesh Ambani's New Commerce platform has the potential to tap millions more of Indian consumers.
Owing to the early adoption of the ongoing enhancements to LTE technology, the telco’s wireless network is already 4G.
Premium customers of Jio Giga Fiber will also be able to watch movies on the same day of the release, Ambani said, adding that the service will be introduced by mid of 2020.
The story titled "Isha Ambani confirms Jio Fiber launch at Rs 500/100 GB by Diwali" was based on a tweet from a fake account of Isha Ambani.
Analysts noted that FTTH services has been in the Beta phase for a few weeks now.
Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered Jio's success.
Ambani said that the company is constantly focusing on improving its retail networks and was trying to redefine it with the help of Jio.
JioGigaFiber broadband, which could revolutionise Indian telecom, will come with a set-top box for TV. It will have enabled voice command feature on TV.
Rivals currently offer about half that data at double the price. Analysts expect Jio’s inaugural pricing to hugely disrupt the home broadband market.
Airtel has recently announced new bonus data offer for its new customers under which it is offering as much as 1000 GB extra data.
Jio said in a statement it has grown constantly in spite of the telecom industry seeing a continuous decline in numbers. Jio plans to connect 20 lakh plus homes across various cities in the ongoing phase of JioFiber launch in Karnataka.
Kotak Institutional Equities expects Bharti Airtel to report a net profit of Rs 75.7 crore, compared with a loss of Rs 23,044.9 crore a year ago.
Last week, RIL had announced a detailed plan to support India's fight against Covid-19, which includes medical help through its hospital, healthcare facilities using the Jio platform, and providing free fuel for all emergency service vehicles, and a donation of Rs 5 crore to Maharashtra's Chief Minister's Relief fund.
The pairing will be pitted against the Reliance Jio Infocomm-Microsoft combine as they compete for a share of the surging public cloud market in the country, which is expected to touch $8 billion by 2023.
Users who had signed up for JioFiber trials, continue to get the services for free. Now, Jio won’t be able to charge customers for home broadband services for at least another month as it is migrating to an integrated billing system that is yet to stabilise.
RIL said it has deployed the combined strengths of Reliance Foundation, Reliance Retail, Jio, Reliance Life Sciences, Reliance Industries, and all the 6,00,000 people that work for the group on this action plan against COVID-19.
Reliance Jio Infocomm is likely to offer free home broadband services for a limited period.
On the issue of floor price for mobile services, the company noted that market dynamics have improved in the recent past as reflected by December tariff hikes by operators. The government has also expressed its intentions of conducting the next round of spectrum auctions during the fiscal year 2020-21, it said.
The current restructuring exercise at Reliance Industries, including sale of stake to well-known buyers and halving of debts, have made the company a favourite of analysts.
Reliance Jio has rolled out voice over WiFi (VoWiFi) calling service for its subscribers in multiple circles, including Delhi-NCR and Chennai, following a limited launch by Airtel in December 2019.
The Mittal-led telco will bundle customised Android-based smart set top box for fast broadband speed.
Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of $1 billion annually for over a decade.
Buy Reliance Industries Ltd. at a price target of Rs 1350.0 .
HSBC raised its price target on RIL stock to Rs 2,020 from Rs 1,880 earlier.
Jio’s broadband service comes at a tenth of global rates, with plans ranging from Rs 699 to Rs 8,499 a month with speeds from up to 100 Mbps to 1Gbps, and bundles in services such as gaming, home network sharing, device security etc.
ADIA is expected to meet in next few days to review the investment and possibly take a call.
This time, it is going to be in the urban digital TV market, inducing customers of Bharti Airtel, Tata Sky and Siti Cable to switch to the new service provider, analysts said.
Current home broadband speeds of 50-200 Mbps, it said, can easily fulfil the data needs of households.
Airtel launched a converged digital entertainment platform, christened Airtel Xstream.
Tata Motors, a Tata Group firm, said it has bagged an order for over 2,300 buses.
This is arguably India's largest-ever FDI inflow, said Ajay Bodke, Prabhudas Lilladher.
The company that makes one in every four PCs sold world over has about 37 manufacturing centres globally, including Mexico and India.
When it comes to Reliance’s petrochemicals business, the strength in GRMs clearly seems to be at par and seems likely to support the company in the second quarter performance as well.
Motilal Oswal has maintained a buy rating on Tech Mahindra with a target price of Rs 830.
Here is breaking down the pre-market actions.
Macquarie upgraded the stock to ‘outperform’ from neutral raising its target price to Rs 1,370 from Rs 1,230.
Ambani foresees India becoming a $10 trillion economy by 2030.
Market repair in the battered telecom sector is at least a year away as the disruptor Reliance Jio continues to focus on subscriber additions.
RIL is India's largest petrochemical and second-largest oil refining company.
The top 10 fund houses have incrementally invested Rs 4,970 crore in the stock in August.
“Indian equities are offering good value,” says Prashant Jain, ED & CIO of HDFC AMC.
Morgan Stanley said it is time to take a relook on the counter.
BSNL currently leads the wired broadband market with nearly 10 million users followed by Bharti Airtel with 1.95 million users as of March 31, according to TRAI.
Year-to-date, RIL shares are up 38.9 per cent, smartly outperforming benchmark Sensex.
Airtel is offering up to double the high-speed data benefits for the same price under its new plans, to retain subscribers ahead of Jio’s launch.
Vodafone launched data rollover facility for its wireless postpaid users in India through its new Red plans. It has launched three new plans.
It’s not the time to buy turnaround candidates We have not yet seen demand coming back
Both ferrous and non-ferrous players might still have a quarter or two of pain left.
Here is breaking down the pre-market actions.
Barely 8 months into new tariff regime, Trai has started a process to review framework, broadcasters fear some steps can badly hurt industry
The operator had posted double digit growth in the enterprise business and will bank on its acquisition of fibre-to-home company YOU Broadband.
The company is also investing to create a 'centre for smart networks' in Gurgaon, to showcase applications and technologies that were not commercially deployed in the country.
At Jio, Jain was looking after the roll out of Fiber-to-the-Home (FTTH) that will complement the largest LTE rollout in India.
Together, Reliance Retail and New Commerce will become the proxy to India's consumption story, Mukesh Ambani said.