EBM News
EBM News

Reliance 42nd annual general body meeting

Reliance Industries Ltd (RIL) gearing up to host the 42nd Annual General Body Meeting (AGM) on August 12 in Mumbai. Just like every year, the company is expected to give a glimpse of the upcoming products like the JioPhone 3. Besides, the company is also speculated to launch the Jio Gigafiber broadband service.

The company launched Reliance Jio — the first 4G only network in the country On September 5, 2016. In less than three years the telco has become the number one network provider in the country with respect to revenue generation by collecting Rs. 11,679 crore in June 2019. Reliance Jio is currently in the second position in terms of the number of subscribers. From the inception, the company has been offering affordable 4G internet bundles with additionals perks like free unlimited calling, free video and movies streaming and more.

The company announced the JioPhone and the JioPhone 2 at 40th and 41st AGM, respectively. Similarly, the company is most likely to announce the JioPhone 3 at the 42nd AGM, which is expected to be a budget smart feature-phone with support for the 4G network. Compared to the last two generations of JioPhones, the upcoming model might come with a bigger screen. The device is likely to be based on KaiOS with support for apps like YouTube, Google Maps, WhatsApp, and Facebook.

The Jio Gigafiber is already available in some of the tier-1 cities for free of cost. At the AGM we expect the company to officially launch the pricing and various plans associated with the broadband service. Just like the Jio 4G network, the Jio Gigafiber offers features like free live television streaming, free access to apps like JioSaavn and Jio Movies and more.