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Yes, the rumors saying the Reliance to launch new 4G enabled smartphone would be launched at ₹500 came to an end in Reliance AGM at 11:00 am IST.

For people who don't know about Reliance Jio:

• Jio is fastest growing company in world with 1.25 million customers.
• Jio made India the largest data consuming country globally.

• Jio is aiming to make India’s 4G coverage more than 2G coverage.

• Jio provided 6 months free 4G data in India.
• Jio users consistently make 250 million minutes of voice and video calls everyday.
• India becomes the largest data market in the world. The data consumption went over from 20 crore Gbs to 120 crore GB’s per month in last six months. Yes Indian's consume more data than US and China.

• Jio believes that “Data is oxygen to digital Life” - Mukesh Ambani.
• Jio also believes “Voice calling should always be free”.
Jio is largest mobile video network in world, 125GB monthly.

• Mukesh Ambani also said “ This digital disempowerment and unfairness must end”, to all other service providers.

It was speculated that,”India being India, free users will never convert to Paid customers.” Jio now has more than a 100 million paying customers. We have proven the speculators wrong!!

Why India's should believe in Jio not other network?

1. Connectivity : Jio is a data strong network. Jio will cover 99% of population in next few months. Because of Jio India’s 4g coverage to surpass 2g network !! Increase in Physical distribution network: Over 10 thousand Jio offices will be put up by september.
2. Data affordability: The 50 crore people who can’t afford data and voice on 4g spend more than the rest of Indians who can afford 4g smartphones. The users have to spend around 5 thousand rupees to avail the benefits as that of jio users per month.
3. Device affordability : The cheapest smart phone costs around 3 thousand. This creates a big gap. Jio announces smart phones with indian innovation, technology and ideas. This device will reinvent conventional phones with an indian device “India ka Intelligent smart phone” The Jio Phone(Indian intelligent smartphone: the jio phone).
   

“This phone is not touchscreen but nevertheless then a touchscreen phone."

Features include –

1. Voice activated commands.
2. Voice activated video services.
3. Distress button which sends location updates to selected dear ones on long press of button 5.
4. NFC will be integrated for enabling online transactions and linking the bank accounts..

This phone hardware is secure for all transactions from day 1.

The tariffs and prices on Jio.

1. Voice will always be free on Jio phone.
2. 50 crore feature phone users don’t have access to Internet. jio phone will enable internet access to everyone. To enable a digital life, and access to data. Jio declared ” Digital freedom from 15th August”.
3. Live TV, Jio TV and content would be desired to be mirrored on TV. This can be mirrored to any TV.
   
   
   Jio gives unlimited internet access!! Jio provides data at 153 rupees a month.

At 11:53 am, audience are waiting to know the price but Mr. Ambani finished things off in style. He presented “Today's highlights”.

After this “ONE MORE THING……”

And audience was shocked because this happened. Price of the phone is..

But when something is free then there is a chance of misusing. Mr. Ambani was ready for this too.

when can you buy this phone???

Jio’s future plans,

At the end Ambani thanked all the employees and shareholders by announcing biggest bonus. yes, this was a record breaking bonus, 1:1 share bonus.