"We have more than 25 million JioPhone users in India " Ambani told shareholders at the 41st Annual General Meeting of RIL.
He announced that the company was launching JioGigaFiber Jio s fixed line broadband.
"We will now extend fiber connectivity to homes merchants small and medium enterprises and large enterprises simultaneously across 1 100 cities to offer the most advanced fiber-based broadband connectivity solutions " Ambani told shareholders.
He said for homes this means ultra high-definition entertainment on large screen TVs multi-party video conferencing from living room voice-activated virtual assistants virtual reality gaming digital shopping and immersive experiences.
"For merchants and small businesses fixed-line broadband means… When you combine fixed-line connectivity with the agility and customer obsession of a small owner-driven business you empower them to compete on level terms with larger businesses.
"For large enterprises fixed-line broadband will mean… Having the ability to compete in the global marketplace using digital tools and techniques that are powering the Fourth Industrial Revolution " he added.
The company also said it would launch JioPhone2 on August 15. It will have added features like WhatsApp YouTube and Facebook. It would have a horizontal screen.
"Today we are launching a brand new JioPhone scheme JioPhone Monsoon Hungama . Under this offer by exchanging your old feature phone you can get a brand new JioPhone for an effective entry price of just Rs 501 " Ambani said.
Starting on August 15 we have another exciting offer for common Indians. "They can purchase our Jiophone2 at an introductory price of only Rs 2 999.
"With the added functionalities and strong retail presence across India the goal that I have now set for our Jio team is to enable 100 million users on this JioPhone platform in the shortest possible time and create another world record " he added.
--IANS ag/mr
