Reliance Jio GigaFiber broadband internet service may be priced at Rs 500: Details insideAug 13 (AZINS) Reliance Industries' chairman Mukesh Ambani at its 41st annual general meeting had announced the launch of the fixed-line broadband service Jio GigaFiber. The registrations for Reliance Jio GigaFiber broadband will start from August 15.

During his address, Chairman Mukesh Ambani informed that Jio's broadband services would be made available in 1,100 cities in India. Jio GigaFiber will come with a GigaFiber router along with the Jio GigaTV set-top box. Mukesh Ambani also informed that the set-top box will allow users to make video calls to other GigaTV devices or mobile connections on any network in the country.

According to a report by The Economic Times, the company is looking at a commercial launch of Jio GigaFiber before Diwali, November 7. Initially, it will be rolled out in metro cities and about 80 top tier 1 and 2 markets in the country. In terms of pricing, the service might be available for a starting price of Rs 500.

A person familiar with the plan mentioned that the availability of the service will depend on the volume of consumer registrations, starting August 15. The report also pointed out that Jio may deploy IP multicasting technology to offer internet-based TV services so that home broadband customers do notuse up their data for television. Without this technology, the company would end up providing 500GB to 600GB of data per month, per household for the TV services. Eventually, the IP multicasting technology will bring down the pricing of GigaFiber, which is expected to be Rs 500.

As we mentioned above, the registration will start on August 15. Customers will be able to register for the Jio GigaFiber broadband service through the MyJio app. They can also login to Jio.com, to register it online. It should also be noted that there will be no registration amount for a Jio GigaFiber connection.

Listing out the benefits of Jio GigaFiber, Mukesh Ambani said that for the merchants and small businesses, fixed-line broadband will enable 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.