Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced the launch of JioPhone Next, a fully-featured smartphone being developed in partnership with Google. "JioPhone Next is one of the most affordable smartphones globally which has cutting-edge technology," he said while addressing the company's 44th annual general meeting held virtually.

"Despite Covid, Jio sustained its track record of its robust performance and became the first operator outside China to cross 400 million subscribers in a single country," said Ambani. Jio handled at one point a monthly traffic of over 6 billion GB a month and is the world's second-largest mobile data carrier, he said.