RIL AGM 2018: Mukesh Ambani reveals JioPhone 2 price

Reliance Industries AGM: The company's chief, speaking at the meet made several big announcements and one of the biggest was the rollout of a new mass based plan. Ambani announced the launch of a 'JioPhone Monsoon Hungama'. Earlier, Ambani had revealed that 'JioPhone has taken the country by storm'. He said that Reliance has as many as 25 mn JioPhone users in India. He revealed that, "Now RIL will be taking JioPhone to next level with added functionalities."

Ambani then proceeded to make an announcement that would be music to the ears of the masses. He said, "Today, we are launching a brand new JioPhone scheme, JioPhone “Monsoon Hungama”. Under this offer, by exchanging your old feature phone, you can get a brand new JioPhone for an effective entry price of just Rs 501."

He averred, "Starting 15th August, we have another exciting offer for common Indians. They can purchase our JioPhone 2 at an introductory price of only Rs 2,999."

Ambani indicated that users will get much more than they ever got before and that Reliance Industries has set its heart on creating history and records. He said, "With the added functionalities and strong retail presence across India, the goal that I have now set for our Jio team is to enable 100 million users on this JioPhone platform in the shortest possible time and create another world record."

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Earlier, Mukesh Ambani had announced Reliance Jio Broadband. He said, He pointed out, "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." This is expected to help small tarders as well as large corporates to boost their business.