According to the latest company announcement, Reliance Retail has a turnover of over 130K Cr in FY2019 and has more than 10K stores across India.
At the 42nd annual general meeting (AGM) of Reliance Industries on Monday, the company's Chairman and Managing Director, Mukesh Ambani, announced that Jio now has more than 340 million subscribers around the country.
Since debuting in 2015, the company has become one of India's major mobile networks, with a current user base of over 330 million people.
If you're still looking for more reasons to be excited about Jio Giber, Reliance also announced the Jio Fiber Welcome Offer, wherein subscribers opting for the annual "Jio Forever" plans will get an HD/4K TV and a 4K set-top box for free.
Reliance Industries said it would launch super-fast internet in India next month, stressing that partnerships would be its path to growth as it announced a tie up with Microsoft and a stake sale in its oil unit to Saudi Aramco. The deal is likely to fetch $15 billion (nearly 1.06 trillion) for a 20 per cent stake.
All Jio Fiber plans in India will come with a free landline connection that will offer free voice calls across the country.
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"Jio and Microsoft have entered into a long-term alliance to accelerate the digital transformation of India to launch new cloud data centres, ensuring more organisations can access the tools and platforms they need to build their own digital capability", he said, adding that part of this alliance, while Jio sets up a network of large world-class datacenters across India, Microsoft will bring in its Azure cloud platform to power them.
Jio Fiber plans will start at Rs 700 a month with upto 100Mbps speed and unlimited usage.
"Jio aims to connect at least 1 billion of these (connected devices) on Jio's IoT platform". The Indian conglomerate's debt stood at $32 billion at the end of December, data compiled by Bloomberg show. A service which is expected to launch in the middle of 2020.
Reliance Jio in collaboration with MR startup Tesseract introduced Mixed Reality-based features.
Under this plan, "premium Jio Fiber subscribers will be able to watch new movies in their living rooms on the same day these movies are released in theaters", Ambani said. But up until now, the company didn't specify any details around how it is set to make Jio Fiber available against the likes of ACT Fibernet, Airtel, and Spectra among others.
The Jio International Calling pack costs Rs 500 a month and it offers unlimited free calls to the U.S. and Canada. Micro, small, and medium businesses are now paying up to Rs. 20,000 per month for connectivity, productivity, and automation tools, Ambani said. It has declared that the landline rates for global calling will be the "lowest", and its plans will come bundled with subscriptions to most leading premium OTT applications.