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People are eagerly awaiting the launch of JioFiber, Reliance Jio's high-bandwidth unit.
Mukesh Ambani, the president of Reliance Industries (RIL), is expected to make some important announcements on Thursday when he will talk to the company. 41st Annual General Meeting (AGM). Consumers and investors are eagerly awaiting the launch of JioFiber, the broadband business of telecom subsidiary Reliance Jio Infocomm. Last year, Reliance Industries' Annual General Meeting marked the launch of JioPhone, Reliance Jio's feature phone, which was made available for a refundable deposit of Rs 1,500. This year again, all eyes will be on Mr. Ambani, who will begin speaking in Mumbai from 11 am
. Media reports suggest that Reliance Industries will enter the broadband market with the launch of JioFiber FTTH. JioFiber connectivity comes directly to homes, unlike when fiber reaches only the building. The last mile connectivity is then done by traditional cable, which reduces the speed of the Internet. But JioFiber will bring broadband connectivity to your home. Reliance Jio's broadband services will offer 100 Mbps Internet speed.
The brokerage CLSA indicated in a recent report that if Reliance Industries disclosed its e-commerce plans, this could lead to a re-evaluation of the stock.
Even though Mr. Ambani is speaking at the AGA, a live video can be watched simultaneously on: YouTube: Flame Of Truth Channel (https://www.youtube.com/user/flameoftruth2014), Jio Channel (https://www.youtube.com/jio) on the Reliance Industries Limited Facebook page (https://www.facebook.com/RelianceIndustriesLimited) and the Jio page (https://www.facebook.com/Jio); on Twitter @FlameOfTruth (https://twitter.com/flameoftruth), @RelianceJio (https://twitter.com/reliancejio); and on Jio TV
On Wednesday, Reliance Industries shares ended up 2.03 percent higher at the National Stock Exchange, and 1.90 percent higher at the Bombay Stock Exchange.
Last week, Reliance Industries announced that it would acquire the American company Radisys, which provides telecommunications solutions open to service providers around the world, at US $ 1.72 per share in cash [19659008] (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) returns; js = d.createElement (s); js.id = id; js.src = "http: // connect facebook.net/en_US/sdk.js#xfbml=1&version=v2.5&appId=213741912058651";fjs.parentNode.insertBefore(js, fjs);} (document, & "Script", "facebook-jssdk"));
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