At the Reliance Annual General Meeting this morning, Mukesh Ambani,
Chairman and Managing Director of Reliance, officially announced the
launch of Reliance Jio. It is meant to be a premium data service
available to people at low costs. While all the flamboyant and
customer-delighting offers are breaking the internet, let us take a look
at the lesser known things about Reliance Jio:
1) They look to partner with digital entrepreneurs
Reliance Jio is going to clear the way for young companies and
entrepreneurs to take advantage of the platform they are building. This
will not only accelerate their growth, but will also give them
opportunities to form strategic partnerships.
2) Reliance Jio was called IBSL
Soon after the broadband wireless auction (BWA), in June 2010, RIL
bought a 96% stake in Infotel Broadband, which had won 22 circles in the
BWA. Although they were unlisted, they were worth over Rs 4,800cr, and
were the only company to gain broadband spectrum in all 22 zones of
India. They started to work as a telecom subsidiary of Reliance, and
later in January 2013, they were named Reliance Jio Infocomm Limited.
3) Jio was supposed to be launched in 2015
RIL initially planned on launching their Jio services towards the latter
half of 2015, but could only reach a beta launch, which was kickstarted
by Shah Rukh Khan on the December 27, 2015 in Navi Mumbai. The
employees of Jio and their families were made to use the services for
testing purposes, and it is now open to the masses after many reforms
and changes.
4) For the young, by the young
With 60,000 employees onboard, Jio boasts of a population of young minds
working towards building the best data service that there is going to
be in the country. The average age of employees at Jio is 30.
5) LTE enabled smartphones are on their way
We all know that RIL is going to use (Long Term Evolution) LTE
technology, but not all phones are going to be able to support it. RIL
joined hands with Intex in June 2015 for the supply of 4G-enabled
handsets with the Voice Over LTE (VoLTE) feature for better use of Jio
services. January 2016 also witnessed the launch of RIL’s own line of
smartphones under the brand name of LYF. So far, we have seen models
like Water 1, Water 2, Earth 1 and Flame 1.
While we are eagerly waiting for Jio to disrupt the industry and solve
all the data problems that there are prevalent in the country, we would
like to know what your expectations are from this product. Let us know
in the comments section below.
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