Mukesh Ambani said the affordable JioPhone has been a runaway hit, with a massive 3 to 5 lakh Indians Joining the lowcost 4G VoLTE phone every day to go digital. Reliance Jio’s young engineers to innovate the world’s most affordable 4G LTE smartphone since as many as 500 million Indians were still using low-cost feature phones and remained excluded from the benefits of the digital revolution. The Jio Phone, which was launched by Jio’s sister company, Reliance Retail, comes for a Rs 1,500 deposit, refundable after three years on return of the device. To avail themselves of the refund, subscribers need to recharge for a minimum Rs 1,500 a year, or a minimum Rs 49 a month. The phone is key to telecom new entrant Jio’s quest to increase its 160 million user base network to competition from India’s top telecom such as Bharti Airtel, Vodafone India and Idea Cellular.
Taking a dig at rival carriers, Ambani said the combined Indian telecom industry took 25 years to build a pan-India 2G network, while Jio “took just three years to build a 4G LTE network which is much larger and far more advanced”. Jio, he said, had made high quality data available at the lowest price in the world, “at almost one tenth the prices in the US”.
Within the next few years, Jio would empower the equivalent of two-thirds of Europe’s population to enjoy world-class digital services in India”. India poised to become the third largest economy by 2028, within a single decade”. Ambani said India would also be among the first to “graduate to the Internet of Everything”, especially as internet becomes accessible to all Indians.
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Ambani, R. (2018). Reliance Jio network may make India 4G leader in 2019: Mukesh Ambani – Financial Solutions. [online] Financial Solutions. Available at: http://financiallysolutions.com/reliance-jio-network-may-make-india-4g-leader-in-2019-mukesh-ambani/ [Accessed 16 Apr. 2018].
Telecom Clue™. (2018). ‘Reliance Jio network may make India 4G leader in 2019’ says Mukesh Ambani – Telecom Clue™. [online] Available at: https://www.telecomclue.com/reliance-jio-network-may-make-india-4g-leader-in-2019-says-mukesh-ambani/ [Accessed 16 Apr. 2018].