Mukesh Ambani launches Jio Phone 2, available at Rs. 2999

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JioPhone 2 is priced at Rs. 2,999 and will be available from August 15.

To make the JioPhone 2 even more interesting to prospective buyers, Reliance Jio has announced a new Jio Phone Monsoon Hungama offer.

Ambani said that the "Jio GigaFiber" service will offer ultra-high definition (UHD) entertainment on large screen TVs.

Jio's fiber-to-the-home (FTTH) efforts have been on beta in a few thousand homes.

Mumbai: Reliance Industries Chairman Mukesh Ambani on Thursday announced the launch of Jio Phone 2. In essence, you can exchange your old JioPhone for a new one for just Rs 501. It supports voice command feature on TV. The company aims to bring India among the top five global fixed line broadband players, and it has invested over ₹250,000 crores ($36 billion) for creating better mobile and broadband connectivity.

According to Reliance Jio, the Jio GigaFiber service will be rolled out in 1100 cities across India, making it "the largest greenfield fixed-line broadband rollout anywhere in the world,". Unlike the traditional JioPhone, the JioPhone 2 is comparatively bigger and wider, courtesy of a horizontal display employed this time around.

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Reliance shares have surged almost 83 percent since September 1, 2016, the day its telecom service was launched.

Present Jio phone users will get free voice calls and WhatsApp, Facebook and YouTube would now be available on Jio phones, the chairman said. With over 215 million customers, the Mukesh Ambani-led company has been exploring all possible segments on the Internet. Ambani has also announced that these apps will be available in JioPhone from August 15.

"We have 25 million Jio phone customers in India".

"From here onwards, it will depend on the profitability of Jio", said a fund manager, whose mutual fund owns Reliance shares. You can also call a mobile or tablet connected to every network. The company said that on August 15th, users will be able to register interest for JioGigaFiber.

The company said that the connection speed will be 1Gbps, the same as Google Fiber in the USA, and ACT Broadband and Spectra's offering in some Indian cities.

Smart home solutions such as real-time surveillance and security solutions for homes and enterprises will ride on the fiber network, which will potentially connect 50 million homes, Ambani told shareholders at the AGM. "This will give you an ultrafast connection with gigabits per second speeds", promised Akash, adding that the router will also give you wall-to-wall high speed Wi-Fi coverage.

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