Ambani said that the "Jio GigaFiber" service will offer ultra-high definition (UHD) entertainment on large screen TVs.
Jio Giga Fiber is a fiber to the home (FTTH) broadband service by the Reliance Industries.
Reliance Jio also announced the JioPhone 2 running on KaiOS and featuring a QWERTY keypad, VoLTE, VoWi-Fi and LTE Cat.4 which supports download speeds up to 150 Mbps. Also, voice usage on the network has increased from 250 crore minutes to 530 crore minutes per day.
According to him, optical fibre-based fixed line broadband is the future and the company has already invested over Rs 250,000 crores for creating state-of-the-art digital infrastructure to provide mobile and broadband connectivity across the country with the largest fiber footprint.
Jio, the company's telecom service, will move India to top five nations in fixed line broadband in coming year, Ambani said.
The JioPhone 2 features a 2.4-inch QVGA display.
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Reliance Chairman Mukesh Ambani, India's richest man, said the company will begin registrations for its fibre-to-home service from August 15, India's Independence Day. It is anticipated that the Jio GigaFiber service will bring affordable high-speed internet access to households across India.
Reliance Retail, with a footfall of 350 million past year at its 7,500 stores is the largest, fastest growing and most profitable retail company in India, he said. He said, "Jio has enabled Reliance to strategically reinvent itself as a Technology Platform Company".
Reliance Industries has made a slew of Jio announcements, ranging from the Jio Phone 2 to the much-awaited Jio GigaFiber broadband service.
The company's JioPhone2 will be available at an introductory price of only Rs 2999 starting 15th August.
The company will also launch Jio Smart Home Accessories like sensors to detect and regulate water leak, temperature, lighting and electrical appliances. "We will now extend this fiber connectivity to homes, merchants, small and medium enterprises, and large enterprises simultaneously across 1,100 cities to offer the most advanced connectivity solutions", he added.
While addressing the stakeholders, Mukesh Ambani said that the registration for the service will begin from August 15.
Moreover, Jio GigaTV comes with a video-calling feature which will let you call just about any device on a Jio network such as a smartphone, tablet or of course, another GigaTV subscriber.