Reliance Industries' chairman Mukesh Ambani just went live on Facebook with their annual general meeting (AGM). He spoke about their biggest launch this year - Reliance Jio. And if his words are anything to go by, this can change the way Indians use the internet altogether. Here are some of the takeaways that have got us very excited.
1. Reliance Jio's base rates are one-tenth of the existing rates.
2. Data is as cheap as 5 paisa per MB. That's Rs. 50 per GB.
3. "More data you use, lower the rates," said Reliance chairman Mukesh Ambani.
4. "No more blackout days. When you need to send a message on Diwali (or other holidays) operators charge double the rate." Not on Jio.
5. The user will be billed in real time. No need to wait until the end of the month.
6. Jio has only 10 main plans. Reliance believes the plans need to be simple enough for every Indian to understand.
7. Plans start as low as Rs 19 a day and go up to Rs 4,999 per month for 75 GB data.
8. All the plans offer unlimited 4G LTE data at night.
9. "All voice calls for Jio customers will be absolutely free" - Ambani
He said customer should only pay for voice or data. Not both. So calls to all networks around India, whether local or roaming will be FREE.10. If you're a student, a valid student ID card will get you 25% more data on Jio tariffs.
11. Jio will also be providing WiFi to the majority of the country's schools and colleges.
12. Ambani said it's the only 4G-only network in India and "not mostly 2G, sometimes 3G, and rarely 4G".
13. Jio will roll out fibre optics to the home wired internet users in select cities. Speed promised will be up to 1 Gbps.
Some people just want to watch the world burn!
