With few days left for the annual AGM, many are eagerly waiting for the event with the anticipation of bigger announcements from the telecom giant. Last year, Reliance Industries announced the launch of Jio GigaFiber preview offer. There have been quite a number of reports doing rounds stating that the Reliance Industries Chairman, Mukesh Ambani might announce the commercial launch of Jio GigaFibre in the upcoming RIL’s 42nd AGM on August 12. In line with the expectations, American Brokerage firm, Bank of America-Merrill Lynch expects the company to announce three new broadband offerings. However, the firm believes that the plans may not be disruptive as consumers are expecting, but since they come with bundled offers, they would surely attract the users. The three plans under Jio GigaFiber service include standard broadband, broadband+TV services, and broadband+TV+IoT devices.
Reliance Jio to offer new plans for broadband, TV, and IoT devices
According to Merrill Lynch, the telecom giant would announce three new packages: the standard broadband plan that offers 100Mbps speed, broadband and TV bundled pack and finally the third plan that includes broadband, TV and IoT devices that allow the users to control kitchen appliances, lightning and so on. One thing the brokerage firm has made it clear is that the new offerings would not be as disruptive as 4G services.
Merrill Lynch further expects the new Jio GigaFiber offerings may not be competitively priced when compared to other internet service providers in the country. Also, Merrill believes that Reliance might introduce its landline service alongside JioGigaFiber commercial launch. Reliance Industries is hoping big with the launch of Jio GigaFiber; it expects to spread high-speed services to 50 million homes in the coming 18 months. However, Merrill believes that the company might take around 3-5 years to achieve its target.