Mukesh Ambani owned Reliance Jio is reportedly all set to offer fibre to the home (FTTH) broadband connections with 1.1 terabytes (TB) of a free data of 100 megabits per second (Mbps).
According to a report in The Hindu a source close to the development said: "The initial FTTH plan includes 100 gigabytes (GB) of free data at 100 Mbps speed, once the data limited is exhausted, the customers can do top-up of 40 GB of free data 25 times in a month, effectively meaning 1,100 GB of free data a month."
The report said: "Company is also planning to unveil this service for both households and enterprise customers and it is eyeing 100 million television households across 30 cities in India."Adding that interested customers can get Jio Fiber connection by paying an interest-free security deposit of Rs. 4,500.
"Jio has already laid out more than 3 lakh kilometers of optic fiber network across India," report further added.
Meanwhile, Jio announced that launch of the world's first Artificial Intelligence (AI) based brand engagement platform called JioInteract.
To kick-start, Jio has on-boarded Bollywood's biggest star Amitabh Bachchan, who will promote his upcoming comedy-drama film '102 Not Out'.
Via this platform, users can ask questions related to his upcoming comedy-drama film, 102 Not Out and even book movie tickets in real-time through the ticketing-partner BookMyShow.
The company has also posted a net profit of Rs 510 crore in the quarter ended March compared to Rs 504 crore in the previous three months.
The standalone revenue from operation came in 3.6 percent higher quarter-on-quarter to Rs 7,128 crore as against Rs 6,879 crore in the third quarter.
The company posted its annual maiden profit of Rs 723 crore for the fiscal year 2017-18 while its revenue from operations stood at Rs 20,154 crore.
Jio said that its subscribers continue to demonstrate high activity level with average data consumption per user per month of 9.7 GB and average voice consumption of 716 minutes per user per month while video consumption is at over 240 crore hours per month on the network.