The company has also announced a new scheme called as JioPhone "Monsoon Hungama" offer.
The announcement is likely to send a chill up the spines of India's broadband providers as the hugely wealthy conglomerate expands its drive into internet services.
"India is ranked quite low at 134th in the global ranking for fixed broadband". Going to be available for three different categories, the JioGigaFiber is the fixed-line broadband offering. The company will also launch JioGigaRouter to deliver over 600 channels to TV.More news: Russia Must Be Proud of Meddling
Anticipating another disruptive set of services from Jio, market leader Airtel has also set in motion the revamp its existing wired broadband connection solutions. Jio GigaFiber FTTH services will be made available in 1100 cities in the country, although there was no specific time frame given for launch.
The Jio phone, which was offered on payment of are fundable security deposit only, will provide Whatsapp, Facebook and Youtube commercially from August 15 this year, he said. The device, named JioPhone2, will also be available from August 15. Reliance states that it will prioritize the roll-out of Jio GigaFiber in localities based on the interest the company receives from registrations. He said, "Jio has enabled Reliance to strategically reinvent itself as a Technology Platform Company". Fixed-line broadband offers hundreds to megabits, even gigabits per second of data speeds. As mentioned, there are about 25 million Jio Phone users in India, and access to these social apps will be revolutionary for bringing about a digital change in the remotest villages of the country.
"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", he said. It features the Jio GigaTV calling feature too, which will let you call TV connected to Jio GigaFiber or smartphone connected to any network. Dubbed as JioGigaFiber, users can subscribe to the service starting from August 15.
Smart Homes With its new JioGigaFiber network, Reliance Jio is also looking at building an ecosystem for high-speed IoT and democratising other futuristic technologies such as Virtual Reality.