In the much anticipated 41st Annual General Meeting of Reliance Industries, the Chairman Mukesh Ambani once again sprung a surprise . His gift – Launch of the Jio Phone 2 . It will be on the markets by August 16. And its is priced at Rs 2999.

He also pointed out that Jio’s subscribers grew from 124 million at the end of last year to 215 million in one year. Ambani has said Jio is now India’s most widespread mobile network and has a larger reach than even the 2G players.

“We are now taking the Jio Phone to the next level, with added capabilities and functionalities. Reliance is bringing WhatsApp, Facebook and YouTube to the Jio Phone. 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,” Isha Ambani said while addressing the shareholders at the Reliance Industries’ 41st Annual General Meeting.

Further , Mukesh launched Jio Phone Monsoon Hungama Offer where Jio users can exchange existing Jio Phone for a brand new feature phone for Rs 501.

The phone comes with a 2.40-inch display with a resolution of 240 pixels by 320 pixels and it comes with 512MB of RAM.

The phone packs 4GB of internal storage that can be expanded up to 128GB via a SD card card. As far as the cameras are concerned, the Jio Phone 2 packs a 2-megapixel primary camera on the rear and a 0.3-megapixel front shooter for selfies.

The Jio Phone 2 runs KAI OS and is powered by a 2000mAh. Also, the connectivity options include Wi-Fi, Global Positioning System (GPS), Bluetooth, Near-field communication (NFC) and frequency modulation (FM).

Earlier in the day, Mukesh also announced the launch of fixed-line broadband services Jio GigaFiber.

“We will 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,” said Mukesh.

While explaining the broadband for large enterprises, Ambani said that fixed-line broadband will mean having the ability to compete in the global marketplace, using digital tools and techniques that are powering the fourth industrial revolution.

He added that for merchants and small businesses, fixed-line broadband will enable fixed-line connectivity with the agility and customer obsession of a small owner-driven business you empower them to compete on level terms with larger businesses.