Saudi Aramco to buy Reliance oil refining stake for US$15B

Saudi Aramco to buy Reliance oil refining stake for US$15B

The plans will go up to ₹10,000 per month depending on the data plan.

"The potential for growth is vast and half a billion customers, is now I believe well within our reach", he said.

But shares of telecom majors Bharti Airtel fell 4% and Vodafone Idea slid nearly 5% as the announcements spurred worries of a repeat of what happened just three years ago when Reliance's Jio burst on to the scene. The users who will pay the annual package fee in advance will get the free TV from Jio. It will also stream TV channels.

The Jio GigaTV set-top box also comes with support for 4K gameplay and Reliance claims to have already roped in major game developers like Tencent, Gameloft, Microsoft, and others to have their games available on the platform soon. Among these announcements were some details of the Jio Set-Top-Box (STB), a device that will be included with JioFiber connections.

After disrupting the mobile services segment, Mukesh Ambani-backed Reliance Jio Infocomm (RJio) has announced the launch of its high-speed fixed-line broadband services JIOFIBER, starting September 5. Ambani also announced the launch of a special unlimited monthly worldwide calling plan (to the U.S. and Canada only) that costs only INR 500. There was speculation about Aramco buying a 20 per cent stake in the business for about $15 billion, but Khalid Al-Dabbagh, Aramco's chief financial officer, declined to confirm those figures and said the talks with Reliance were at "an early stage".

Reliance Industries said it would launch super-fast internet in India next month, stressing that partnerships would be its path to growth as it announced a tie up with Microsoft and a stake sale in its oil unit to Saudi Aramco. This service will be available to premium subscribers from the mid of 2020. Which ones? Well, we don't know yet. Ambani also announced "Jio First Day First Show" plan under which Premium JioFibre customers will be able to watch movies in their living rooms on the day of the release.

The Fiber service also includes options to add a 4K set-top box with Mixed Reality, Gaming and more.

Where Is Jeffrey Epstein's Alleged 'Recruiter' Ghislaine Maxwell?
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Reliance Industries CMD Mukesh Ambani has said that the corporate giant will become a "zero net-debt company" within the next 18 months. Jio will also offer a gaming console and Jio Holoboard MR headset.

Jio also struck an alliance with Microsoft and also rolled out its commercial launch date for fibre to home among other measures to boost subscriber numbers.

The company said it has received strong interest from strategic and financial investors for its consumer businesses - Jio and Reliance Retail.

What are your thoughts on Reliance Jio Fiber? The connectivity and cloud infrastructure for budding startups will be free, Ambani said, from January 1, 2020. Micro, small, and medium businesses are now paying up to Rs. 20,000 per month for connectivity, productivity, and automation tools, Ambani said.

For MSMEs, Reliance Jio has special plans ready.

"Over the next 12 months, Reliance Jio will install one of the largest blockchain networks in the world in India", Ambani said.

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