Reliance AGM 2020: The Major Developments
September 5th, 2016 Reliance Industries owned Jio announced its commercial launch for the people of India. Since then, Jio has been a market disruptor and changed the face of the Indian Telecom Industry. Before Jio, the other telecom aggregators charged an exorbitant amount just to connect to the internet, a necessity of the 21st Century's Digital Age. According to "cable.co.uk" India has the lowest data prices in the world at $0.26 or ₹ 18 for 1 GB. Before Jio it was priced anywhere between ₹ 250 to ₹ 300. Due to this aggressive pricing strategy, the company quickly made a name for itself and gathered a huge subscriber base as it offered voice and data services free of cost for 3 months to everyone who had a Jio sim card. As quoted by the company, Jio acquired 100 million users in 170 days which is said to be the fastest in the world. As of Jan 2020, Jio has the highest subscriber base in India which has led to a series of investment in the company. At the fir...