Reliance AGM Live: Mukesh Ambani Announces jiyo 4G VoLTE Jiyo phone for Rs. 0 / Says Jio Has Broken all Record !!!

(Pi Bureau)

 

 

 

 

Reliance Industries chairman Mukesh Ambani addressed the company’s shareholders at its 40th AGM or annual general meeting on Friday, at Birla Matushri Sabhagar in Mumbai. Dedicating the group’s 40 years of achievements and records to founder chairman Dhirubhai Ambani, Mukesh Ambani said: “RIL’s market cap has grown from Rs. 10 crore in 1977 to over Rs. 5 lakh crore now.” On Reliance Industries’ telecom arm, Reliance Jio Infocomm, Mr Ambani said team Jio has stunned the world, over delivering on “the 100 million target I had set for them”. Here are few updates

1. The telecom ventures of Reliance Industries, India’s largest private sector company, have been the focus of attention in the last one year.
2. The focus today will be on the numbers, be it the number of Jio Prime subscribers, the announcement on launch of Fiber-to-the-home super-fast broadband services, details on affordable 4G feature phones and new tariff plans, a report in moneycontrol.com said.
3. The oil-to-telecom conglomerate on Thursday reported 28% year-on-year growth in net profit to Rs 9,108 crore. It had reported a net profit of Rs7,113 crore in the corresponding quarter of last fiscal.
4. “Our Company recorded yet another strong quarterly performance with a net profit of Rs9,108 crores, up 28% Y-o-Y. Our industry leading portfolio of assets in the refining and petrochemicals business contributed to the considerable improvement in our earnings for the quarter,” Mukesh D. Ambani, Chairman, and Managing Director, Reliance Industries Limited said in the press release.
5. “RIL reported a massive beat when compared with estimates and given the fact that it has already rallied quite a lot so far in the year 2017, I expect the stock to open higher with a 3-5 percent gap on Friday,” said SP Tulsian of sptulsian.com
6. Reliance Jio is likely to launch the much-awaited 4G VoLTE phone soon and an announcement to the effect could be made today.
7. Reliance Jio is currently the only telecom operator which runs a 4G VoLTE network.
8. Shares of Reliance Industries Ltd (RIL) have risen nearly 4 per cent after the company reported its highest quarterly consolidated net profit of Rs 9,108 crore. The stock after making a positive opening, further jumped 3.85 per cent to Rs 1,587.70 — its multi-year high — on BSE. At NSE, shares of the company went up by 3.86 per cent to Rs 1,588.
9. This is the 40th year of our IPO. We have seen four phenomenal decades. From a textile company, we have grown to many other verticals, says Mukesh Ambani to a thunderous applause.
10. Our turnover has grown from Rs 70 crore in 1997 to Rs 30,000 crore. Reliance market cap is over Rs 5 lakh crore: Mukesh Ambani
11. Our turnover has grown from 70 crores in 1977 to over 330,000 crores today – an increase of nearly 4,700 times: Mukesh Ambani
12. Standing ovation when Mukesh Ambani mentions the contributions of Dhirubhai Ambani. “I want to dedicate these achievements to Founder Chairman Shri Dhirubhai Ambani. I am grateful to my mother Smt. Kokilaben.”
13. Moving over to Jio announcements now. Jio has added 100 millon customers in first 170 days. Today, Jio has over 125 million customers. Jio customers make 250 crore minutes of voice/data calls per day: Mukesh Ambani
14. Within six months of Jio launch, India went from 20 crore GB to 120 crore GB of data per month, says Mukesh Ambani. Audience breaks into ‘India, India’ chants
15. India has become one of the world’s largest data consumers. India is on its way to becoming No.1 in broadband data penetration in coming months: Mukesh Ambani
16. Indeed, India has overtaken the US and China in mobile data usage. Before Jio’s launch, India was 155th in the world in mobile broadband penetration …. now India is No.1 in mobile data consumption: Mukesh Ambani
17. Jio prime members will continue to get tariff benefits, attractive surprises: Mukesh Ambani
18. There are 80 crore mobiles in India. Out of this, over 50 crore mobile sets cannot avail of smartphone services. Data scarcity must end and Jio is doing it. Reliance Jio will offer connectivity, data affordability and device affordability: Mukesh Ambani
19. In the next 12 months, Jio will cover 99% of the population. Inda’s 4G coverage will be more than India’s 2G coverage. Jio has created a larger 4G network in just three years as compared to 25 years that competitors took to develop 2G: Reliance Industries Chairman Mukesh Ambani
20. Reliance Jio is expanding physical distribution network and will have 10,000 Jio offices by September. We will integrate Jio with all major e-commerce platforms: Mukesh Ambani
21. Entry-level smartphones cost between Rs 3,000-4,500. I had challenged young engineers at Jio to find a solution to this cost. And now let me introduce India ka Smartphone, JioPhone: Mukesh Ambani
22. This phone supports all of India’s 22 languages, says Akash Ambani
23. Mukesh Ambani on the JioPhone tariff: On Jio feature phone, voice calls will be free. Starting August 15, Jio will give access to unlimited data on JioPhone. Jio will provide this service at Rs 153 per month. This is 1/30th or 3% of the existing prices. Weekly data plan of Rs 53 to be available for JioPhone
24. The JioPhone will have a JioPhone TV cable which will connect the phone to all smart and non-smart TVs: Mukesh Ambani

 

25. — Jio has made India the number 1 data-consuming country in the world
26. — It will soon cover 99% of India’s population with 4G displacing 2G as biggest coverage
27. — Introducing the JioPhone which will offer free data calls and unlimited data @ Rs 153 a month
28. The effective price of the JioPhone is ZERO, says Mukesh Ambani to a thunderous applause and loud whistles from the shareholders. “A one-time refundable deposit of Rs 1,500 will be collected with every JioPhone. This deposit is to prevent its misuse.”
29. Reliance dedicates JioPhone to the nation on the joyous occasion of India@70, 70th anniversary of India’s Freedom. All JioPhones will be made in India: Mukesh Ambani
30. JioPhone to be physically available from September 2017 to those who have pre-booked it. JioPhone pre-booking to be open from August 24: Mukesh Ambani
31. Digital life will no longer be the privilege of the affluent few. Reliance democratised the equity culture in the past. Now, Jio will democratise the digital culture in India: Mukesh Ambani
32. JioPhone to be available for user testing from August 15. The target is to have 5 million JioPhones available every week: Mukesh Ambani
33. After the JioPhone announcement, Bharti Airtel shares down 3.53% to Rs 405 at 12.10 pm. Idea Cellular shares down 5.63% to Rs 88.35 at 12.10 pm; rise slightly