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Reliance Industries Limited (RIL) chairman Mukesh Ambani on Wednesday used the company’s Annual General Meeting in Mumbai to announced the launch of Reliance Jio service. The much anticipated 4G VoLTE service will offer data tarrifs at never before prices and make voice calls completely free, unprecedented in the Indian market.

Ambani said the tariff was based on three pillars: one, the customer should play for only voice or data; two, data must be affordable; and, three, pricing structure should be simple. So Reliance Jio won’t charge for voice calls, data prices will be what Ambani calls the “cheapest in the world” and there will be just 10 tariff plans to choose from.

To start with Reliance Jio data packs will start for as low as 5 paise per MB adding up to Rs 50 for 1GB, a fraction of the cheapest data plan in India at the moment. Reliance Jio will offer data packs ranging from Small (S) to XXXL. The small plan starts at Rs 149 for 0.3GB data along with access to 100 SMSes. There’s a Medium pack which comes at Rs 499.

The small plan starts at Rs 149 for 0.3GB data along with access to 100 SMSes. There’s a Rs 499 Medium pack which comes at Rs 499 for 4GB 4G data and access to unlimited 4G at night. The Large, XL, XXL and XXXL 4G packs are priced at Rs 999, Rs 1,499, Rs 2,499, Rs 3,999 and Rs 4,999, respectively. The Reliance Jio data packs give users an access to free voice calls.

During the AGM event, Ambani announced that all voice calls for Jio customers will be free of cost. Also, there will be no roaming charges for customers for Jio customers. He added that international roaming rates will also be cheaper than the rivals, though he did not announced the rates.

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