Reliance AGM 2022: Jio 5G, JioPhone 5G & more expected (Live Updates)

Mukesh Ambani’s Reliance is holding its 45th Annual General Meeting today. It is a virtual event taking place via Videoconferencing wherein Mukesh Ambani is addressing the shareholders in the 3D world of the metaverse. A series of announcements are expected at the AGM which includes Jio 5G, JioPhone 5G & JioBook, and more. Scroll down for all the live updates from the AGM.

Reliance AGM 2022 (Live Updates)

2:24 PM- Jio AirFiber has been unveiled. It will give fiber-like speed by True 5G Jio network. It is a compact, easy-to-use device that can be plugged in anywhere in your home to give seamless internet connectivity. It will act like a personal hotspot in your home. It has no wires and promises to give high speeds of connectivity. Immersive Shopping, Cloud Gaming, and more will be available. IPL will be streamed using AirFiber and it will be a unique experience as one would be able to choose the camera angle to watch the preferred stream. The match will be broadcast with different camera angles on different streams.

2:21 PM- Jio True 5G will offer up to 1.9 Gbps speed on mobile broadband. Streaming Data will be an even better experience and there will be support for AI devices in future.

2:13 PM- Jio 5G services launched! 100 million homes will be connected along with millions of small merchants and businesses. Billions of smart sensors will be launched. Jio 5G aims to be the world’s largest and most advanced network in the world. Jio will deploy standalone 5G with zero dependency on the 4G network. that will offer better services. It will be True 5G. Jio has bought a 3500MHz spectrum, 26GHz, and 700Mhz low band spectrum for deep indoor coverage in the auctions. It will offer good coverage, quality, and affordability. Jio 5G will launch in metro cities and some more key cities by Diwali 2022. Jio will also offer 5G services for private enterprises.

2:07 PM- The business and Financial performance of Reliance is being talked about. The company has been one of the largest taxpayers in the country. Reliance created 2.32 lakh jobs with Reliance Retail taking the lead. Jio has 421 mobile broadband subscribers who consume 20GB of data every month.

2:00 PM- It’s 2 PM and the AGM has begun with Mukesh Ambani addressing everyone and introducing the directors of the company.

12:23 PM- Since morning, the shares of Reliance Industries have risen, recovering from the lows. The shares currently stand at 2623.90, having risen by 5.90 since morning.