Mukesh Ambani to re-enter the telecom business by launching a Rs. 4,000 4G smartphone in December. The Reliance Infocom to offer voice and data services for as low as Rs. 300-Rs 500 per month. Reliance Infocom has the largest footprint of liberalised spectrum in the country, acquired at a cost of Rs. 34,000 crore.
At annual shareholders meeting of Reliance Industries (RIL), Ambani ensured that the 4G smartphone will be available, one of the topmost priorities for Jio. He said, “In our digital business, our plan is to provide the same power of computing, communication and information to every individual, whether in towns or rural areas, that the US President had ten to fifteen years ago. All this at about Rs. 300 to Rs. 500 per month,” he added, “We are expanding this footprint to cover nearly 80 percent of India’s population by the end of this year. Our road-map is to have 100 percent national coverage within the next three years.”
Along with the announcement, the firm has launched its first mobile application, ‘Jio Chat’ that integrates chat, voice, video calling, conferencing, file sharing, and photo sharing among others.
Ambani has confirmed that the company plans to unveil many more applications in coming weeks like switch-and-walk that enables the users to copy everything from their old phone to a new phone and also features ‘Jio Drive’ which brings cloud capabilities to smartphone.
An application called ‘Jio Play’ which will allow users to watch TV channels on their handsets, and ‘Jio Beats’ which is a music app, and ‘Jio Mags’ and ‘Jio News’ among others.
Recently Reliance acquired Network 18 that has 17 news channels 14 entertainment channels, in 8 languages, and a strong set of Internet businesses that will be well positioned to transition to the Jio platform.
Currently, it will be the most integrated TV mobile set of content in India, and Jio has deployed a network of nearly 250,000 route kilometres of fibre optics and over the next 3 years. RIL charmani claims that by 2017-18, Jio would have connected over 1 million homes via fibre optics with a capability of scaling up in the top 50 cities of India.
The company has partnered with State Bank of India, to apply for the Payment Bank licence and thereby entering in to digital money and digital payment business.