India's Reliance Jio, which has disrupted local telecoms and has telephone companies less than three years after its existence, is now ready to aggressively mediate many more businesses.
In a series of announcements, subsidiaries of India's largest industrial cloud Reliance Industries today said they will commercially launch broadband service next month, an IoT platform on January 1, 2020, and "one of the world's largest blockchain networks" over the next 1
The broadband service, called Jio Fiber, is targeted at individual customers, small and medium-sized businesses as well as businesses, said Mukhesh Ambani, chairman and CEO of Reliance Industries, at a general meeting on Monday. The service, which will be available from September 5, will offer free voice calls, high speed internet and start at Rs 700 per month. It will also offer more expensive plans that support gigabit speeds.
Continuing the tradition of asking for users with significant offers, Jio said that customers who choose the annual plan for Giga Fiber will be equipped with the set top box and an HD or 4K TV at no extra cost. A premium layer, which will be available next year, will allow customers to watch many movies the day of its public release.
The Giga Fiber broadband service, which through some levels also offers access to TV channels, will pack games from many popular studios, including Microsoft Game Studios, Riot Games, Tencent Games and Gameloft, it says.
Ambani said that more than half a million customers have already beta-tested the broadband service, which was first unveiled last year. In the coming months, Jio plans to expand the service to 20 million homes and 15 million businesses in 1,600 cities.
Partnership with Microsoft
The company also announced a ten-year partnership with Microsoft to leverage Redmond giant's Azure, Microsoft 365 and Microsoft AI platforms to launch new cloud data centers in India to ensure "more of Jio's customers can get access to the tools and platforms they need to build their own digital capabilities, "said Microsoft CEO Satya Nadella in a video post on Monday.
"At Microsoft, our mission is to empower every person and every organization on the planet to achieve more. The core of this mission is deep partnerships, as we announce today with Reliance Jio. Our ambition is to help millions of organizations across all over India to thrive and grow in a time of rapid technological change … "
" Together, we will offer a comprehensive technology solution, from data processing to storage, to connectivity and productivity for small and medium-sized businesses across the country, " The cloud services will be offered to businesses for as little as Rs 1500 ($ 21).
As part of the partnership, Nadella said, Jio and Microsoft will jointly offer Office 365 to several organizations in India, and also bring Azure Cognitive Services to multiple entities and in many Indian languages to companies in the country, the solutions will be "available" to reach as many people and organizations in India as possible, he added. l.
The first two data centers will be set up in Gujarat and Maharashtra by next year. Jio wants to migrate all its non-network apps to the Microsoft Azure platform and promote adoption among that startup ecosystem, the two said in a joint statement.
Ambani also said that Jio is working on a "digital stack" to create a new trading partnership platform in India to reach tens of millions of merchants, consumers and manufacturers.
The announcement comes weeks after Reliance Industries bought a majority stake in Fynd, a Mumbai-based startup that connects brick-and-mortar retailers with online stores and consumers, for $ 42.3 million.
Without disclosing specific details, Ambani said Jio is building an IoT platform to control at least a billion of India's two billion IoT devices by next year. He said he sees IoT as a $ 2.8 billion revenue opportunity for Jio. Similarly, the company also plans to expand the blockchain network across India, he said.