US-Canada ISD's Free Call Offer: Theatrical release can be viewed at home
(Commerce Rep) Mumbai, Ta. August 12, 2019, Monday
Today, the country's largest company, Reliance Industries, has stunned the country, corporate world, with several revolutionary mega ads. Besides, the chairman and managing director of the company Mukesh Ambani has also cheered the shareholders of the company.
Mukesh Ambani, chairman and managing director of Reliance Industries, today announced plans to take a major leap from oil-petrochemicals to digital revolution in the country, addressing shareholders in the company's 42nd AGM.
Today, with the launch of the digital revolution in India by Reliance Jio, this revolution has taken a big leap. Mukesh Ambani today made many ads in the digital revolution, calling for radical change in the country and the world, including DTH-TV-Entertainment, Telecom.
On the other hand, Reliance Industries has a $ 75 billion enterprise value from oil-to-chemicals division, with Saudi Arabia's Aramco investing $ 15 billion in the company's oil and petrochemicals business.
Mukesh Ambani said that the company currently has Rs. There is a debt of Rs 1,54,476 crore, which will be repaid in the next 18 months. Subsequently, shareholders were assured of further dividends and returns through bonus issue of shares.
Among the company's mega plans under Reliance Jio, Mukesh Ambani today announced that Geo Fiber Services will start on the commercial basis on September 5, 2019, the third anniversary of launch of Jio. There will be a monthly plan ranging from Rs.700 to Rs.10,000
The operation will be completed within the next 12 months. The new Geo Set Top Box will accept broadcast cable TV signals from thousands of local cable operators who work with Hathaway, DEN and GTPL. Reliance Jio's set-top boxes will be Ultra High-Definition Entertainment, Virtual Reality Content, Multi-Party Video Conferencing, Voice-Enabled Virtual Azurent, Interactive Gaming, Home Security and other smart home solutions. Reliance Jio has so far received more than 150 lakh registrations from 1600 villages and cities across India for its Geo Fiber Broadband service.
Geo's IoT service 1 will be released in the market from January 2020. The company is estimated to generate around Rs 20,000 crore through GO's Internet of Things (IoT) venture, a nationwide Forge network which will be called Narrowband Internet of Things or NBIOT.
Mukesh Ambani said today that it plans to list the company's Linear Reliance Geo and Reliance Retail Consumer Businesses in the next five years. He further said that Reliance Jio has invested Rs.3.5 lakh crore for construction across India with the largest optical fiber, the latest digital infrastructure. Geo Unlimited America and Canada ISD Calling Service will offer fixed monthly fares from Geo Landline at Rs.500.
Reliance Industries has partnered with Microsoft with its subsidiary Reliance Geo Infocomm to build cloud solutions in the technology sector. New commerce will create $ 700 billion worth of business opportunities. New commerce aims to transform unorganized retail into organized retail.
Reliance Retail will soon introduce Reliance New Commerce, which will digitally connect to grocery stores across the country. With Reliance's new commerce platform both large and small enterprises becoming digital, small and small enterprises should not only exist, they can be integrated with the new India.
Company's Merchant Point of Sale (POS) Solution – Geo Prime Partner POS will modernize the smallest grocery store and become a digitized store, becoming a user-friendly platform for small business-merchants.
E-commerce is a huge business opportunity. Reliance is working towards empowering 300 million businessmen and grocery shoppers across the country to empower, enrich them with end-to-end digital and physical distribution.
Taking an extraordinary leap in the digital revolution, the chairman of Reliance Industries today said that Reliance Geo will provide connectivity to the Indian technology startups and Geo Azure cloud service is totally free.
Geo will set up a world-class database of datacenters across India through Microsoft's Azure Cloud platform. Geo-Microsoft has signed a long-term cooperation agreement. Geo is establishing a nationwide Edge Commuting and Content Distribution Network with millions of nodes.
In the next 12 months, Reliance Jio will build one of the world's largest blockchains in India with millions of nodes. Under the Welcome Offer, the customers of Geo Fiber will get the Geo Forever Plan for the Annual Plan Borrower, which will be offered in full HD TV or home PC and fork set-top box in full free.
In addition, he said that Reliance Industries last year transferred its telecom infrastructure assets to two separate infrastructure trusts for the purpose of raising money from major global institutional investors. Reputable global investors have shown strong desire for this and are confident that the transaction will be completed by the end of the current financial year.
While assuring high dividends and bonus issues to Reliance Industries shareholders, he said, "While the company will achieve zero net-debt target, I guarantee that its shareholders will get higher dividends and periodic bonus share issuances in other ways and also our-relinquishment." Will be given at a speed not yet found in history. Mukesh Ambani told shareholders.
Announcing that Reliance Industries has completed its five-year largest investment program, the company has invested Rs 5.4 lakh crore in these five years, he said.
Reliance deals with Saudi 'Aramco' $ 15 billion largest deal in the country
Saudi Arabia's largest foreign direct investment deal with Saudi Arabia's Aramco, and Aramco's $ 20 billion holding in Reliance Industries' oil and petrochemicals business, announcing the investment of $ 15 billion, the company's oil-to-chemicals division has more than $ 75 billion of enterprise value.
With this deal, Saudi's Aramco will supply 5 million barrels of crude daily to Reliance refineries. The total net debt of Reliance Industries is at Rs 1,54,478 crore at the end of June 30, 2019.
According to the plan to release the debt to Reliance Group in 18 months, the debt will be released by March 31, 2021. Saudi Arabia deals with Aramco and BP-UK He said that significant strategic value was being created with both of these partners.
These transactions are expected to be completed in the current financial year subject to agreements and due diligence, Director and other approvals. Both of these transactions will help pay off $ 22 billion of debt – about Rs 1.54 lakh crore – through deals.
These key features will be found in Geo Giga Fiber
Geo Gigafiber will reach 200 million residents. Landline Phone Connection will be provided free of cost to Geo Fiber users. Most basic plans of Geo Fiber will start at 100 Mbps and will be up to one Gbps. Under the Welcome offer, Geo Fiber customers will get Geo Forever plan for the annual plan taker which includes Full HD TV or Home PC and set-top The box will be provided in full free. Geo Fiber will launch a premium service, in which customers will be able to watch the movie in their home the day the film is released in the theater. However, the service will be launched in mid-2020. Landline Phone Connection will be provided free of cost to Geo Fiber users. Geo Fiber Plans will be offered with the most prominent premium OTT applications subscription.
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