Archive for September, 2017

Reliance Jio to Tie Up with Roy Kapur Films for Digital Content

September 29, 2017

Roy Kapur Films (RKF) and Mukesh Ambani led Reliance Jio announced an association to create original digital video content. This digital video content will be for the Jio platform. The digital content will be curated, commissioned, and developed creatively by RKF.

Tie up between Reliance Jio and RKF

On Wednesday, Reliance Jio and RKF announced a collaboration for providing digital content production for Jio. This association is between one of India’s fastest growing telecom industry and India’s leading producer. The content will be available to 128 million Jio subscribers all over India. The association between RKF and Jio will take forward Jio’s goal to deliver high-quality video entertainment content to mobile subscribers. This will consist of producing long- and short-form content across different genres. Their goal is to provide a wide variety of digital content that will cater to a large diversity of taste and sensibilities.

Siddharth Roy Kapur’s words on the association

Siddharth Roy Kapur said that the digital platform of Jio offers an opportunity to produce high-quality and world-class entertainment content. He aims to create content that can be watched across India with convenience, as entertainment has never been so accessible to so many people. Their goal is to provide a wide variety of content that will have people keep coming back for more. Roy Kapur’s partnership with Jio to materialize the vision of the Indian Digital Revolution and global digital leadership is an exciting one.

Words from a Jio official on the association

Jyotindra Thacker an official from Jio said that India leads the world when it comes to data usage. A significant part of this data usage comes from video content. The Jio network carries 5.5 crore hours of video daily. This makes it the largest and one of the most superior networks for mobile video globally. He also said that the collaboration with RKF will help them achieve their goal of delivering the highest quality of video content. Talking about his achievements, he also said that Jio is very happy to partner with RFK and create a creative ecosystem that will enable everyone to live fully and also experience the Jio Digital Life.

About Roy Kapur Films

RKF was founded by Siddharth Roy Kapur. It is a leading media and film production company. The association between RKF and Jio will leverage the experience of Siddharth Kapur in film-making. He was the Managing Director at Disney India and UTV’s Studio Head. RKF has produced some path-breaking films, which include Haider, PK, Barfi, Dangal, the ABCD franchise, Dev D, Delhi Belly, Jodhaa Akbar, and many others. He is also in the process of developing some noteworthy projects, including the biopic of the first Indian in space, Rakesh Sharma, and a heroic film based on the true story of Vijendra Singh Rathore.

Summary

Mukesh Ambani led Reliance Jio to partner with Roy Kapur Films for digital content production for its 128 million Jio Subscribers.

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Jio to Launch Payments Bank Once JioPhone Deliveries Begin

September 22, 2017

All those who pre-booked their JioPhones may expect to receive it from this weekend. Mukesh Ambani led Reliance Industries Limited (RIL) is also expected to launch the Jio Payments Bank around this time.

JioPhone pre-bookings and delivery

The pre-bookings for the first set of JioPhones began on 24th August 2017 in the evening. By the time it closed during the morning of 26th August 2017, the pre-bookings had surpassed expectations.

Around six million customers pre-booked the JioPhone during the first phase. They will receive their phones starting from this weekend. The company had earlier stated that the phones would be available during the Navratri festival, which began on 21st September 2017. Jio aims to deliver around 100 to 150 million JioPhones within the next six months. The phones will be distributed via Jio’s retailers, multi-brand device retailers, and the Reliance Digital store network on a first come, first serve basis.

For those who weren’t able to pre-book the phone, Jio is expected to begin the second pre-booking phase around the same time as the phone deliveries. At present, around 10 million customers are waiting to pre-book the phone. Those interested in pre-booking the phone will have to pay INR 500 as an advance.

About JioPhone

The 4G VoLTE feature phone, JioPhone is expected to be the next big disruptor in the telecom market. The phone is known to be effectively-free as users have to pay an INR 1,500 refundable deposit. The phone comes bundled with the INR 153 pack, which offers free voice calls, unlimited SMS, and half a GB data per day.

The device comes packed with the latest technologies. It has the near-field technology. Besides, the phone also lets users link their device for UPI-based payments as well as other banking transactions.

Jio Payments Bank

Mukesh Ambani led Jio also aims to launch the Jio Payments Bank once the JioPhone deliveries begin. While the payments bank will have no special branches, customers may visit their nearest Jio retail outlets to avail of the bank’s services.

It is a 30-70 joint venture between the State Bank of India and RIL. The company first received the in-principle approval from the Reserve Bank of India (RBI) in August 2015 along with 10 others. It received its last banking license from the RBI in March, this year.

Payments banks in India

The payments banks were started by the RBI to provide low-cost banking solutions to people even in remote areas. Through this, it hopes to increase financial inclusion among the population of the country. These payments banks are like small finance banks and rely on a frugal business model as well as on technology to reduce costs.

At present, out of the 11 that had originally received the in-principle approval from the central bank, three have opted out. A number of banks weren’t even launched two years after receiving the in-principle approval.

Summary

Reliance Jio’s JioPhones are soon going to be available in outlets for deliveries. The company is also planning to launch its payments bank soon.

Mukesh Ambani Appreciates Reliance Jio’s Employees for its Achievements

September 15, 2017

Mukesh Ambani is proud of Reliance Jio’s achievements and its employees and hopes to create many more records with the company.

Mukesh Ambani’s letter

On completion of one year of Reliance Jio’s commercial service, Ambani wrote a letter congratulating his employees. In the letter, he mentioned the achievements of Reliance Jio and praised his employees. Ambani stated that Jio has received 130 million customers in this one year. It has also broken several records at the national as well as global level. Adding to this, Ambani said that the biggest personal satisfactory factor for him is the myth that Jio busted. He believes that Reliance Jio has broken the myth that India is not prepared for advanced technology.

Ambani said that the ways in which India adopted 4G technology and is utilizing it are noteworthy. He told his team that they have overcome the challenge of not only launching a new technology but also making the offer simple, compelling, and convenient. Every city, town, village, and Indian would benefit from this, he added.

Reliance Jio’s plans and growth

The initial phase of Reliance Jio was focused on acquiring customers. As per company officials, the next phase will be focused on launching services. The company will roll out services related to media and entertainment, healthcare, education, and payments banking in the coming few months.

In 2016, Mukesh Ambani launched Jio with two clear objectives. The first one was to offer affordable data services to the masses. The second aim was to disrupt the telecom sector by making the Internet accessible to everyone. However, Reliance Jio has achieved much more than just these.

According to a company official, Reliance Jio subscribers consume more data that the users of Verizon, T-Mobile, and AT&T combined in the United States (US). The official stated that the telecom company did not expect such an overwhelming response and that this was just the beginning.

In a presentation given to the Telecom Regulatory Authority of India (TRAI), Reliance Jio said that the investments it made before 2010 have all surpassed the recovery level. It stated that the company has received excessive returns due to the Interconnection Usage Charges (IUC).

Reliance Jio’s data service

A report from CRISIL mentioned that between the Financial Year (FY) 2012 and 2017, the mobile data usage per subscriber in India jumped to 80 percent per year. The increasing adoption of 3G and 4G services, 40 percent reduction in tariffs, and Reliance Jio’s free data services in the past year have contributed towards the rise in mobile data usage to 1.25GB per month per user.

Reliance Jio official said that Jio is receiving a good response from consumers due to the increasing demand for data. Even though customers have retained their existing operator’s SIM cards, they have shifted to Reliance Jio; and this is very encouraging.

Post its launch, Reliance Jio has disrupted the telecom sector and affected businesses of other major telecom operators in the country. However, the company’s official believes that this impact is short-term and, eventually, the whole industry will benefit from the rise in data consumption.

Summary

Chairman Mukesh Ambani praises Reliance Jio’s employees for its one-year achievements.