(Image source from: India Today)

Reliance Industries chairman Mukesh Ambani on Monday made a major announcement of the commercial launch of Jio Giga Fiber, starting from September 5.

The announcement was made during his address at 42nd annual general meeting on Monday.

Mukesh Ambani regarding Jio Giga Fiber said that it will offer free voice calls for life from landline phones, high-speed broadband of minimum speed of 100 Mbps, free high definition TV and dish. He said that plan will start at a monthly rental of Rs 700 and go up to Rs 10,000.

"In India, even the most basic Jio Giga Fiber will start at 100 Mbps at the lowest end. We have plans to go all the way to 1 Gbps . We are pricing our plan at one-tenth of global rate to make it accessible for every home," Ambani said.

From mid-2020, the premium Jio Giga Fiber customers will also enjoy watching new movies on the same day of its release, Ambani said. "Premium Jio Giga Fiber customers can watch movies at home the same day they are released in theatres! This service will be launched in the middle of 2020," he said.

Ambani said Reliance Jio has entered into a long-term alliance with Microsoft to accelerate digital transformation with the launch of new cloud data centers. Jio will set up a network of large world-class data centers across India powered by Microsoft's Azure cloud platform.

Besides Jio Giga Fiber, Ambani also made a big announcement of the sale of 20 percent stake in oil and chemicals business to Saudi Aramco, a partnership for new cloud data centers.

By Sowmya Sangam