Mukesh Ambani Led Reliance Industries Ltd is all set to host its 42nd Annual General Meeting (AGM) on August 12, 2019. It is believed that the company will using this as an platform to announce details about its much talked Jio GigaFiber. There are speculations that we could be seeing the unveiling of the next generation JioPhone, which is likely to be called as Jio Phone 3. However, there is no official confirmation about the next iteration of Jio Phone. Taking company's previous two AGM's and product strategies into consideration, the chances seem to be high that we might see a new Jio Phone from Reliance. Jio GigaFiber Becomes Cheaper As Entry-Level Security Deposit Reduced To Rs 2,500; Checkout Offers & New Pricing.

As a reminder, Jio GigaFiber was announced by the company at last year's annual meeting. But, we are yet to see the expanded rollout of the broadband service. It is believed that the company has opted for a steady pace as far as GigaFiber expansion is concerned. The company could reveal the details of the wider expansion plans at the meeting, which is scheduled for next week.

Moreover, Jio will also be revealing GigaFiber plans for the existing preview customers that are using the service for free with no plans at this point in time. The preview customers are charged a refundable security deposit or either Rs 4,500 or Rs 2,500. Considering the market reports, the company is expected to introduce a combo plan of Rs 600 for a month providing broadband, landline and IPTV services.

Reliance Jio Phone 2 was launched in the Indian market last year which comes with a 2.4-inch display, 2MP rear camera, a VGA front camera and 2,000mAh battery. The device runs on KaiOS, which is likely to be seen on Jio Phone 3 as well. More details about the Jio Phone 3 are likely to be revealed at the annual meeting. The AGM is scheduled to commence at 11AM IST onwards on August 12.

(The above story first appeared on LatestLY on Aug 10, 2019 03:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).