'Virtual Merger' With Mukesh's Jio, Says Anil Ambani at Company Meet

Billionaire Anil Ambani celebrated family today, introducing his son Anmol as a new director on the board of his company Reliance Capital and announcing that a "virtual merger" of his Reliance Communications with older brother Mukesh Ambani's Reliance Jio has now been effected.

Anil Ambani was addressing shareholders today at Mumbai's Birla Matushri, where four of his companies held their Annual General Meetings or AGMs one after the other.

"Both brothers are now working together to fulfill Dhirubhai's dreams," said Mr Ambani, 57, to a standing ovation. He was referring to their father Dhirubhai Ambani who built the Reliance empire. For many years after their father's death, Anil Ambani was estranged from brother Mukesh, India's richest man.    


Source:-profit.ndtv
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From Jamnagar to Jio: Mukesh Ambani is reliving his passion for telecom

MUMBAI: One of the toughest business calls Mukesh Ambani had to take during his separation with younger brother Anil in 2005 was letting go of telecom company Reliance Infocomm. Mobile telephony was set for explosive growth and would have signalled the arrival of Ambanis in the new economy. But the younger sibling got what had almost become a personal project for Mukesh, and renamed it Reliance Communications (RCom).

More than a decade later, India's richest man is reliving a passion he never gave up on. The 59-year-old's re-entry into telecom has been in the making for almost six years as he prodded the team -which included his daughter Isha and son Akash -not to repeat the mistakes the group made during their first foray into the sector in 2002. The Reliance Jio (RJio) project missed several deadlines but Ambani preferred a waiting game to avoid missteps in what is arguably his most ambitious and personal

If Jamnagar, the single biggest investment in post-liberalized India at the time, marked a milestone for Reliance Industries and India Inc, Ambani believes RJio's free voice calling and cheap data strategy would catapult the country's billion-plus population into the digital age.

"In my view, real power means the ability to make an impact on the quality of life of the people. Power needs to be measured by the impact of an individual's contribution to the movement of history,

Reliance Retail, which he launched a decade ago, today operates more than 3,800 stores across 670 cities and towns, making it the country's largest retailer. Like telecom, the retail foray had many naysayers who believed that Ambani could never build a consumer business.Undeterred, Reliance Industries built a network retailing groceries to toys to couture fashion. Reliance Industries, and more conspicuously Brand Ambani, has since then taken interesting detours to dabble in sports and entertainm ..


Source:-iniatimes
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Reliance Jio 4G launch live: Mukesh Ambani says all voice calls will be free, data at Rs 50 per GB

#”Data is the oxygen of digital life. Jio is more than just a business. It is a commitment to enrich the life of every Indian.”

# Data demand is growing. Jio’s mission is to meet this exploding need, to go from data shortage to data abundance.

#Ambani lists five pillars of Jio services.

# Network: Most service providers have infrastructure for voice, not data. They have had to retrofit, have had to push an unnatural act. There is one language spoken on Jio, the language of the Internet: IP. The all IP design makes Jio the most extensive and future-proof in the world. Jio is a data strong network, built for the Internet from the ground up. Will cover 90 per cent of India’s population by March 2017. Only 4G on Jio network. Largest only 4G network in the world today.  Largest VoLTE network in the world. Jio is future ready and can be easily upgraded to support even more data. We can transform India from a high price data market to one with the lowest data rates anywhere in the world.

#Devices: More 70 per cent of all smartphones in India are 4G LTE. Ambani announced new Lyf devices with prices starting at Rs 2,999 and going up to Rs 5,999. 4G LTE JioFi router at 1,999. Ensured that entry price for using the network will be low for Indians.

#Content: Jio TV will offer access to 300 plus channels. Jio Cinema will have a library of 6000 movies and 1,00,000 episodes of TV shows. Jio music as 10 million songs. Jio Money allows you to go cashless. Apps will be free for all users till December 2017.

#Services: Redesigned sign up process which will roll out in Delhi and Mumbai today. Rest of India within six weeks. Capacity to acquire a million users a day. Want to make onboarding experience as simple as possible. E-KYC will give you a working connection with Aadhar card in just 15 minutes.

#Tariffs: Have always put customer first. Jio tariffs are built on three principles. 1) customer should play for only one service — voice or data. So all voice calls will be absolutely free. No roaming charges across India. 2) Data must be affordable: Jio will have a base rate which is 1/10th of market rates. 5 paise per MB, or Rs 50 per GB. More you use, the cheaper it gets. “Absolutely the lowest rates anywhere in the world.” 3) Pricing structure should be simple so just 10 tariff plans. No blackout dates.

Source:-indiaexpress
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