Jio launches broadband services at a price 35-45% lower than its competitors

New Delhi, September 5 () The billionaire Jio Mukesh Ambani announced Thursday the launch of its fiber-based broadband service, which offers a minimum Internet speed of 100 Mbps for Rs 699 per month, a rate 35-45 percent lower than its rivals, as it seemed. repeat the interruption caused in the telecommunications sector three years ago.

JioFiber will offer free voice calls anywhere in the country, unlimited data and videoconferences, the company said in a statement.

Annual subscribers will get 4K decoders, for the transmission of TV channels, for free, while a 4K TV would be complementary to plans with higher payments like 'Gold' and higher.

The company announced a complimentary high-definition decoder and an advanced Jio Home Gateway modem, zero-latency games and device security for up to five devices in all plans priced between Rs 699 and Rs 8,499 per month.

For games, device security, home networks, virtual reality experience, video content services, provided by RCITPL (a platform services company) and TV calls and video conferences, subscribers must purchase devices compatible, said Jio.

Jio offers complementary televisions to annual subscribers of broadband plans in the range of Rs 2,499 to Rs 8,499. The company also offers a television with a two-year subscription to the gold plan with a price of Rs 1,299 per month.

The launch of JioFiber, with its revolutionary services, is just the beginning of an exciting new journey. As always, we will continue to work hard to bring more incredible services to your home and take Jio Fiber to the next level. I want to especially thank our users of 5 lakh JioFiber Preview, who have contributed significantly to improving our experience in products and services, said Akash Ambani, Director, Reliance Jio Infocomm.

The company has announced the launch of the service in 1,600 cities.

Reliance Jio, Mukesh Ambani's vehicle for re-entry into the telecommunications space, had started mobile services three years ago, offering free voice calls and data. That connected millions to its network, which began charging for the use of Internet data since April 1, 2017, while voice calls remain free.

The investment of Jio's Rs 3.5 lakh crore in 4G telecommunications services along with aggressive prices had triggered intense competition in the market that forced rivals to withdraw or merge to better compete with it.

Currently, the average fixed-line broadband speed in India is 25 Mbps. Even in the United States, which is the most developed economy, it is around 90 Mbps. JioFiber, the first 100% fiber broadband service of India, will start from 100 Mbps and go up to 1 Gbps. This will boost India to the top 5 broadband countries worldwide, the statement said.

JioFiber customers who subscribe to the Rs 699 plan will get free three-month access to the Jio Cinema and Jio Saavn applications and Rs 849 plan subscribers will have three-month access to video entertainment applications. The subscriber of the higher plan will have access to the annual subscription of the main video entertainment applications included in their plans, according to the statement.

Customers who opt for JioFiber must pay 1,000 Rs installation fees and a refundable fee of Rs 1,500. The state BSNL leads the fixed line broadband services segment with 9.05 million customers. Followed by Bharti Airtel with 2.4 million customers, Atria Convergence Technologies 1.45 million, Reliance Jio's subsidiary, Hathway Cable Datacom 0.84 million and MTNL 0.74 million. PRS MBI MKJ