Posts Tagged ‘Mukesh Ambani’

Reliance Jio Users to Receive Access to ZEE Entertainment Enterprises Limited (ZEEL) Content

October 12, 2018

Reliance Jio, the telecom wing of the Mukesh-Ambani-led Reliance Industries Limited (RIL), has signed an agreement with ZEE Entertainment Enterprises Limited (ZEEL). This collaboration is in an effort to bring access to ZEE’s entire library of content to Reliance Jio users. To achieve this objective, the two parties will jointly market the content offerings by utilizing consumer-facing touchpoints, which are independent.

Details of the collaboration

ZEEL stated that 227 million Reliance Jio subscribers will gain access to 37 live TV channels. They will also gain access to the content of ZEE5, which is the video over-the-top (OTT) app of the ZEE TV network. ZEE5 produces original content, including short films and web-series, among others. Reliance Jio users will also be able to download content to watch at their leisure.

Statements of key people

Amit Goenka, the CEO of Z5 Global and ZEE International, stated that ZEE intends to create engaging and rich content for its viewers across India as well as the world. This is their primary objective as content creators. The new collaboration with Reliance Jio will facilitate this goal. Goenka further stated that Reliance Jio’s expansive reach could help entertain a broader base of viewers, who have an appetite for content on-the-go, which is of good quality. Akash Ambani, the Director of Reliance Jio, stated that the telecom company is committed to providing its consumers with strong content from India and around the globe. This will facilitate the mission of boosting digital inclusion in the country.

Reliance Jio’s foray into the content space

In addition to content from ZEEL, the telecom company has made agreements with other broadcasters, so that their content can be brought to Reliance Jio users as well. One such broadcaster is Viacom18.

Reliance Jio has also collaborated with Star India is to bring cricket content to all 4G users on Hotstar and the JioTV platform across the country. This collaboration intends to cover one-day internationals (ODIs), T20 matches, and premier domestic competitions of the Board of Control for Cricket in India (BCCI).

About Reliance Jio

Reliance Jio is a telecom network and digital ecosystem that enables Indians to experience a digital life. The ecosystem is made up of smart devices, strong broadband networks, customer-oriented services, and useful applications. In terms of media, the telecom company’s offerings include programs of recorded and live sports, music, television, events, and movies. This presents a very comprehensive library.

Reliance Jio has three pillars that aim to transform the country’s digital future. The first pillar is a strong network coverage across urban and rural areas. The second pillar is quality services for its subscribers, in terms of HD quality voice, video streaming, and high-speed internet speeds. The third pillar is affordable services that are accessible to citizens in all parts of the country.

Summary: Reliance Jio and ZEEL have collaborated to bring ZEE TV network’s content to Reliance Jio users. The objective of this is to provide consumers with strong quality content across India.

Reliance Jio Provides eSIM Connection for iPhone XS and iPhone XS Max Users

October 5, 2018

Reliance Jio, the telecom wing of the Mukesh Ambani-led Reliance Industries Limited (RIL), is providing an Embedded-Subscriber Identity Model (eSIM) connection for postpaid and prepaid users of the new iPhone XS and iPhone XS Max models. This is in an effort to make India a technologically savvy nation and boost the digital progress of India with the eSIM technology.

Reliance Jio’s eSIM connection for the new iPhones

The iPhone XS and iPhone XS Max are the first phones from Apple that have the capability to support the dual-sim functionality. However, Apple offers the secondary slim slot as eSIM only. eSIM is a technology that comes pre-installed on a device. It cannot be pulled out like normal SIM cards because it is a virtual SIM card. Therefore, users have the benefit of remotely activating their eSIM connection. For example, users do not have to change the network operators physically. They can make the switch remotely.

Reliance Jio is an official eSIM carrier for Apple in India. Reliance Jio is now offering both postpaid and prepaid connections for the two new iPhone models. The telecom company has stated that it is also the only prepaid eSIM provider for the new iPhone models.

Details of the iPhone XS and iPhone XS Max

The iPhone XS and iPhone XS Max are the latest iPhone models introduced by Apple Inc. in September 2018. Both models are available in three storage variants of 64 GB, 256 GB, and 512 GB. The lowest-costing iPhone XS is priced at INR 99,900 and the highest-costing variant is priced at INR 1,34,900. The lowest-costing iPhone XS Max is priced at 1,09,000, while the high-costing variant is priced at 1,44,900.

Details of Reliance Jio’s first pre-order of the new iPhone models

The first pre-order for both new iPhone models was held between September 21, 2018, and September 27, 2018, via Jio.com. Interested customers were able to order both the iPhone models by visiting the MyJio app as well. Alternatively, they could pre-order the phones from Reliance Digital and MyJio stores.

To pre-order the iPhone XS and iPhone XS Max on Jio.com, customers had to visit the website and select the available iPhone XS or iPhone XS Max variant they were interested in. After they entered their pin-code, customers proceeded to checkout, where they entered their personal details, like name, mobile number, and email address. After this, they selected the desired payment option and made the payment. Once payment was completed, customers received a pre-order confirmation notification via text message or email.

On purchase of these iPhone models, Reliance Jio offered free shipping and delivery as well. The iPhones models purchased by these customers were shipped within three to five business day from September 28, 2018.

Summary: Both postpaid and prepaid customers can obtain an eSIM from Reliance Jio to use on their new 2018-iPhone models. This is in an effort to boost the digital progress in India and make the country a technologically savvy nation.

RIL Collaborates with Vardhman Textiles to Produce R|Elan Fabrics

September 28, 2018

The Mukesh Ambani -led Reliance Industries Limited (RIL) has collaborated with Vardhman Textiles to produce the innovative fabric R|Elan, which includes R|Elan GreenGold. R|Elan GreenGold is manufactured by recycling used plastic PET bottles. It is very eco-friendly and has one of the lowest carbon footprints globally.

RIL’s press release

According to a press release by RIL, R|Elan is a high-quality fabric collection that will range across the sustainable and performance themes in casuals, formals, and other women-wear segments. RIL stated that the R|Elan technical team will provide the parameters, specifications, and technical expertise to ensure the best quality fabric is produced.

RIL further stated that as part of this new collaboration, its R|Elan technical team aims to work closely with Vardhman Textiles to develop a range of new manufacturing processes to create specially engineered R|Elan fabrics.

R|Elan range of fabrics

There are five innovative fabrics under the umbrella of R|Elan. R|Elan FreeFlow is used in manufacturing dress material and sarees. R|Elan Kooltex is used to make activewear apparels. R|Elan SuperSoft is used to manufacture shirts. R|Elan SuperBlack is used to manufacture suits. Finally, R|Elan GreenGold is the flagship fabric and manufactured by recycling used PET bottles. It is the greenest fabric in the world. It will be used in trousers and denim.

R|Elan GreenGold is manufactured using bio-fuels instead of fossil fuels. According to RIL’s website, the process also uses a zero-waste concept. This means that all the raw materials are used in the manufacturing process or sold in the market. The process also recycles the maximum amount of water and all the water is utilized in horticulture and manufacturing.

The opinion of Gunjan Sharma, CMO, RIL

Gunjan Sharma, the Chief Marketing Officer of the Polyester Division at RIL, stated that Reliance Industries is proud to be associated with Vardhman Textiles, a leading player, for R|Elan. The two entities will work together to ensure that the customers’ rising demands for sustainable and high-quality performance apparel are met with R|Elan. Sharma further stated that this collaboration is also an effort to create opportunities for the entire textile value chain, including apparel manufacturers and brands.

The significance of R|Elan in the apparel industry

For RIL, R|Elan is a portfolio of innovative fabrics. It will have a presence in various segments such as denim, activewear, ethnic, and western wear, both casuals and formals. RIL has collaborated with over 30 players who are equipped to produce new-age fabrics using the technologies of R|Elan.

In the total INR 2-2.5 lakh crore apparel industry, sarees and ethnic wear, the biggest apparel sub-segment, has an INR 60,000 crore share.  The activewear segment commands only an INR 2,500 crore-market share, which is 10-15 percent. The denim segment is valued at INR 20,000 crore.

Summary: RIL has collaborated with Vardhman Textiles to produce the innovative fabric, including R|Elan GreenGold, which is eco-friendly and made from PET bottles. These R|Elan fabrics are a significant portfolio for RIL in the apparel industry.

Reliance Jio to Set Up Reliance Jio Hubs in Smaller Towns across India

September 21, 2018

Reliance Jio, the telecom wing of the Mukesh Ambani-led Reliance Industries Limited (RIL), has plans in place to set up Reliance Jio Hubs to provide people in smaller towns a mall-like shopping experience. The aim of this project is to provide one-stop shops for RIL’s consumer items, ranging from groceries to electronics. The project will utilize the strengths of Reliance Jio’s digital infrastructure and Reliance Retail’s physical stores to increase sales in smaller towns, where online shopping and modern retail is rare.

Details of the Reliance Jio Hubs

At RIL’s 41st Annual General Meeting (AGM), which was held on July 5, 2018, Ambani stated that RIL sees a large business growth opportunity wherein it may make a new hybrid commerce platform, which will be online-to-offline.

A person familiar with the project, on the condition of anonymity, stated that after the Reliance JioGigaFiber broadband services, Reliance Jio Hubs is the next big focus area for the telecom company. The Reliance Jio Hubs project is in connection with Ambani’s vision to integrate retail, telecom, and e-commerce into one technology platform.

Views of a retail analyst

A retail sector analyst, on the condition of anonymity, stated that small towns require assisted e-commerce and the availability of after-sales service in a physical space. He stated that Reliance Jio Hubs could act as warehouses and hold inventory. This meets the 100 percent India-owned requirement as per the draft e-commerce policy. Under this policy, which is floated by the Indian government, only Indian-owned firms are allowed to hold inventory.

The analyst further stated the telecom company intends to set up approximately 800 Reliance Jio Hubs to sell all consumer items under RIL. Within a month, the investment required for this project will be finalized.

The significance of offline retail stores

Since a large percentage of the country’s population still does its shopping offline, plans to know local merchants, and reach local markets and customers are important. A report by eMarketer in June 2018 stated that the online retail market in the country has tripled since 2015. However, of the total retail sales in 2018, it is only expected to contribute 2.9 percent.

RIL already has a strong physical presence in India with 7,500 stores across 4,400 cities operating under the Reliance Retail subsidiary. This wing sells electronics, clothes, grocery, and jewelry under Reliance Digital, Reliance Trends, Reliance Fresh, and Reliance Jewels, among other brands. RIL also has approximately 5,000 Jio Points. These are compact 500 square feet offices in rural pockets and semi-urban areas. They offer customer assistance and after-sales service.

However, Reliance Jio Hubs would be spread across a bigger area. These hubs would work through Reliance Jio, which enjoys a good market share and market appeal in rural markets due to its 4G coverage.

Summary: Reliance Jio is planning to set up Reliance Jio Hubs in smaller towns. The goal of this is to provide the people living in such areas with a mall-like shopping experience.

Reliance Jio User Base to Cross 400 Million Customers by March 2020

September 14, 2018

Reliance Jio, the telecom wing of the Mukesh Ambani-led Reliance Industries Limited (RIL), is likely to attain a user base of more than 400 million customers by March 2020. Industry analysts have stated that this number will include almost 150 million JioPhone users due to a strong performance in rural markets. They have also stated that to cross-sell a blend of digital content services, telecom, and retail products, RIL may soon deploy an omni-channel strategy.

Views of CLSA

According to CLSA, formerly called Credit Lyonnais Security Asia, Reliance Jio’s projected 414 million user base in March 2020 would be equivalent to 45 percent of the Indian population and would represent the 14 to 80 years age group. In addition to this, the foreign brokerage company has also estimated that RIL’s retail and telecom businesses may contribute 80 percent to RIL’s consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) through the financial years 2018 to 2021.

CLSA also stated that the Kai-OS operating system, which is controlled by RIL and powers the JioPhone, might be utilized to open up advertisement revenue opportunities with higher customer engagement.

CLSA telecom analyst, Vikas Jain, stated that RIL may strengthen the e-commerce expansion of its established organized retail business in the upcoming months. This would help it acquire a larger customer base through its omni-channel fashion, grocery, and digital retail offerings.

The progress of Reliance JioPhone

Reliance Jio has stated that voice commands used on the JioPhone are surpassing those on smart-phones by nearly five times. Users of the 4G-enabled feature-phones are spending more time using the Internet and apps than smart-phone users do.

IIFL Institutional Equities stated that, in rural markets, JioPhone users spend hours watching videos daily, and data consumption may increase once the apps for YouTube and Facebook are available on the JioPhone.

Opinions of industry analysts and key players

Industry analysts expect Reliance Jio’s content apps, such as JioMusic, JioCinema, JioTV, JioMags, JioMoney, JioChat, and Saavn, to reap strong revenues for the company shortly. This is because Reliance Jio’s user base is already accustomed to using more than 10 GB per month. A likely increase in fixed-line broadband users of the JioGigaFiber service may also help in this regard.

Analysts believe that Reliance Jio’s 290 minutes-a-day of customer engagement, with the help of 150 million subscribers using the JioPhone, can be tapped to create sizeable revenue opportunities. Analysts also believe that Reliance Jio’s subscriber base will increase rapidly once WhatsApp becomes available on the feature-phones, which would happen by September 20, 2018. This may help the telecom company acquire more customers and a larger revenue share in the competitive market.

BNP Paribas stated that Reliance Jio is performing well, especially in rural markets. This is due to its affordable 4G services, which have good coverage, and the success of the JioPhone, which has sold nearly 25 million devices as of June 2018.

Summary: Reliance Jio’s user base is likely to cross 400 million customers by March 2020. This is due to a cross-selling omni-channel strategy, increased JioPhone usage in rural markets, and increased subscriptions for the JioGigaFiber service.

Reliance Jio Offers Complimentary 1 GB Data with Purchase of Cadbury Dairy Milk Chocolate

September 7, 2018

Reliance Jio, the telecom wing of the Mukesh Ambani-led Reliance Industries Limited (RIL), is now offering subscribers 1 GB free data if they have purchased a Cadbury Dairy Milk chocolate. This offer is introduced in celebration of Reliance Jio’s second anniversary, which was on September 5, 2018. Subscribers can avail of the offer, which is valid till September 30, 2018, via the MyJio app.

Details of the free 1 GB data offer

To avail of the offer, subscribers must have an empty wrapper of a Cadbury Dairy Milk chocolate. This chocolate is available for a price as low as INR 5. Other Cadbury chocolates, which can be used to avail of the offer, are Dairy Milk Roast Almond, Dairy Milk Crackle, Dairy Milk Lickables, and Dairy Milk Fruit and Nut.

How to avail of the free 1GB data offer

To avail of the Jio offer, subscribers need to visit the MyJio mobile app on their smart-phones.

On the MyJio app, subscribers must tap on a banner on the homescreen, which highlights the free data offer. The MyJio app will redirect them to another screen where the ‘Participate Now’ button must be tapped. Subscribers must then scan the barcode of the empty Dairy Milk chocolate wrapper. After this, the free data will be credited to the subscriber’s MyJio account within seven to eight working days from the date they have redeemed the offer

Terms and conditions of the free 1GB data offer

The free 1 GB of data is being offered as an additional benefit over and above the subscribers’ regular entitlement of data.

According to the terms and conditions of this new Reliance Jio offer, the free 1GB data can be availed of through Cadbury Dairy Milk wrappers that have varying costs of INR 5, INR 10, INR 20, INR 40, and INR 100.

However, if the original Dairy Milk chocolate is not -garners-more-than-16-million-subscribers/”>Reliance Jio subscribers have the option of availing the free 1 GB data on their own accounts or transferring the free data to another Reliance Jio contact. Moreover, only one empty Cadbury Dairy Milk chocolate wrapper can be used to redeem free 1 GB data per registered Reliance Jio account.

Reliance Jio has also offered a third option to subscribers, wherein they may donate the free data to an NGO named Pratham Foundation. This will help facilitate e-learning in far-flung areas of India.

Summary: Reliance Jio offers subscribers free 1GB data with a purchase of Cadbury Dairy Milk Chocolate. This is offered to celebrate the telecom company’s second year anniversary, which was on September 5, 2018.

RIL’s Market Capitalization Crosses INR 8 Trillion

August 24, 2018

On August 23, 2018, the Mukesh Ambani-led Reliance Industries Limited (RIL) became the first Indian company to reach INR 8 trillion market capitalization. RIL’s share prices increased by 1.86 percent, closing at INR 1,269.70, on the Bombay Stock Exchange (BSE). In 2018, RIL’s shares witnessed a surge of almost 38 percent.

RIL’s market capitalization growth

RIL now has a market capitalization of INR 8.05 trillion. Information from the Telecom Regulatory Authority of India (TRAI) attributed this to Reliance Jio, which is the telecom wing of the RIL and it has continued to acquire subscribers at a strong pace. As a result, the Indian benchmark Sensex Index rose by 0.13 percent to 38,336.76 points.

After the announcement of Reliance JioGigaFiber, Reliance Jio’s broadband service and the JioPhone 2, investors continued to purchase RIL shares. Margins are also strengthened by attractive tariff plans and a larger subscription base.

According to the data from TRAI, Reliance Jio acquired 9.71 million users in June 2018, crossing a 215 million subscriber base. Reliance Jio also showed market share gain from 18.7 percent in May to 18.78 percent in June.

RIL’s results of the June quarter also delighted investors, as it showed that the retail and telecom financials have shown a steady improvement.

Reliance Jio’s performance in 2018

In July 2018, Reliance Jio showed a profit of INR 612 crore, for the quarter ending in June. This represented a 19.9 percent increase on a sequential basis over revenue of INR 8,109 crore from operations.

During the March 2018 quarter, Reliance Jio reported revenue of INR 7,128 crore, with a net profit of INR 510 crore. Supported by rapid store expansion, organized retail also reported a 123.7 percent increase in revenue, at INR 25,890 crore.

Report from Morgan Stanley

On August 16, 2018, Morgan Stanley stated in a report that RIL’s retail business is valued at F20e EV/sales of 0.8x, which is in keeping with the average of another Bloomberg-based consensus of comparable competition in retail. Morgan Stanley values telecom investments at an EV/IC multiple of 0.9x, which is the target. They have based their target multiple on the valuation of Reliance Jio’s F21e Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) at an EV/EBITDA multiple of 7.5x, and then discounting it back by using a 12 percent discount rate. Based on the Bloomberg consensus estimates, Morgan Stanley’s 7.5x multiple is in keeping with where the other telecom companies in India are currently trading.

Opinions of analysts

Industry analysts expect strong earnings growth momentum from RIL. This is thanks to the ramp-up of RIL’s project of petcoke gasification and the recently commissioned off-gas cracker refinery.

On the condition of anonymity, an analyst stated that in line with the analysts’ expectations, Reliance Jio has continued to show a healthy subscriber momentum. The focus will stay on generating more subscribers and driving user engagement.

Summary: RIL has become the first Indian company to reach INR 8 trillion market capitalization. This is due to the strong performance of Reliance Jio, Reliance Retail, and RIL’s newly announced gasification projects.

Reliance Jio Announces the JioHealthHub App in India

August 10, 2018

Reliance Jio, the telecom wing of the Mukesh Ambani-led Reliance Industries Limited (RIL), has announced a health and fitness app called JioHealthHub. The purpose of this app is to help users organize their health-related documents and reports in one place, which may later be shared with other people. To help expand its presence in the medical consultation space, Reliance Jio has entered into several partnerships with online platforms like iCliniq and Portea.

Details of the JioHealthHub app

The JioHealthHub app is listed on Reliance Jio’s Google Play listing. However, the app is not released yet. According to the online description, JioHealthHub is an app, which one may use to store medical data in the cloud. This data can be accessed from any location and on any device with secure credentials. This means users may carry electronic copies of their health-related documents with them at all times and dispense with laboratory reports, physical files, test film, and the like.

The company also has tie-ups with medical laboratories and hospitals, which will push medical reports to the JioHealthHub app automatically. The app also has a feature to store medical documents from non-partner hospitals within the app. To do this, users may click a picture of the reports with their smart-phones and store the image in the app.

Partnership with iCliniq

Reliance Jio has collaborated with iCliniq, a Coimbatore-based online doctor consultation platform. This is in an effort to help expand JioHealthHub’s presence in the medical consultation app arena. With the help of this partnership, Jio users will be able to consult various doctors across 60 specialties via chat on an instant basis. The offering is called #icliniq50hrs and will soon provide the facility of video chat as well.

Dhurv Suyamprakasam, the CEO of iCliniq, stated that JioHealthHub has major capabilities and Reliance Jio may transform the Indian healthcare market space with it.

Partnership with Portea

Reliance Jio has also partnered-up with Portea to introduce a home healthcare angle to JioHealthHub.

Opinions of industry sources

According to industry sources, JioHealthHub will add more providers across the fitness and healthcare areas to build its ‘360-degree’ healthcare platform. Industry sources have also stated that Reliance Jio can make a strong push into healthcare with its experience and cash reserves. This may make India’s online healthcare ecosystem a competitive and responsive market.

Vaibhav Agarwal, Partner at Lightspeed India, stated that technology companies face challenges of expenditure, scaling, trust, and distribution. He further stated that Reliance Jio’s entry into the healthcare ecosystem may help startups grow without having to face high expenditures. Agarwal added that Reliance Jio may introduce an open garden type of strategy, wherein different vendors may compete. Alternatively, the company may wish to have one preferred vendor.

Reliance Jio’s foray into other sectors

It is reported that Reliance Jio may also cover ground in several other sectors like content and education. Recently, the telecom company Jio secured a majority stake in Embibe, an online education platform.

Summary: Reliance Jio announces JioHealthHub, its new health and fitness app. The company has entered into several partnerships to expand the reach and usability of the app across India.

Reliance Jio and SBI to Widen Their Digital Partnership

August 3, 2018

Reliance Jio, the telecom division of Reliance Industries Limited (RIL), and the State Bank of India (SBI) have recently agreed to broaden the scope of their existing digital partnership. This involves a strong focus on the accessibility of online banking services and better loyalty programmes. The customers of SBI, Reliance Jio, and Jio Payments Bank will reap the benefits of this widened joint venture.

Existing partnership between Reliance Jio and SBI

In April 2018, RIL and SBI entered into a joint venture of 70:30, to develop the Jio Payments Bank. After the success of this app, the commercial bank and the telecom company have decided to broaden their partnership.

Details of the extended partnership

Under this new agreement, Reliance Jio plans to integrate SBI YONO into the MyJio mobile application. SBI YONO is a digital platform that offers digital banking, commerce, and financial services, all in one place. Once the integration is complete, customers of the bank can access these features through the MyJio app.

With regards to the customer loyalty programme, SBI and Jio customers will benefit from Jio Prime. Jio Prime will soon offer exclusive deals from Reliance Retail, Jio, and other partner brands and merchants. Under the extended partnership, Jio Prime will also be integrated with SBI Rewardz, which is SBI’s loyalty programme. This will offer SBI customers opportunities to earn additional loyalty rewards and also wider redemption within Reliance, Jio, and more online and physical partner platforms.

Additionally, a joint statement between the bank and the telecom company stated that Reliance Jio will be SBI’s preferred partner for the bank’s design, network, and connectivity needs. With the help of Jio’s broad network in rural and urban areas, SBI plans to facilitate video-banking and other on-demand services.

Comments from both sides of the partnership

While commenting on the extended digital agreement, SBI Chairman Rajnish Kumar stated that the partnership is mutually beneficial for both parties. He stated that a digital bank like SBI is very pleased to partner up with Reliance Jio, which is a popular and successful network provider. Kumar further stated that the co-operation of both sides is expected to enhance the digital foot-print for the customers of SBI. This will be achieved by offering the best and most rewarding customer experiences possible.

When commenting on the extended partnership deal, Mukesh Ambani, the Chairman and Managing Director of RIL, stated that Reliance Jio intends to bolster SBI’s customer base, which is unmatched around the world. To make this possible, Jio will commit its network and platforms. Reliance Retail will also commit its ecosystem. This combination will aim to help SBI and Reliance Jio customers to adopt digital services to meet their consumer needs.

Summary

Reliance Jio and SBI have entered into an agreement to broaden the scope of their digital partnership. This involves a focus on online banking services and loyalty programmes to enhance customer experience and help accelerate the growth of the Indian digital atmosphere

Reliance Jio Launches INR 594 Plan for Jio Subscribers

July 27, 2018

Reliance Jio, the telecom division of Reliance Industries Limited (RIL), has introduced a special recharge plan for its customers as part of the JioPhone Monsoon Hungama offer. Under this new plan, which is valid for a period of six months, Jio subscribers can avail of unlimited calling and free 4G data. This is in addition to the two recharge plans already available under the Monsoon Hungama offer. After this introduction, Jio plans to launch JioPhone 2 next.

About the Monsoon Hungama offer

Under this offer, Reliance Jio is offering customers the JioPhone feature-phone, a 4G-enabled device. Customers can avail of this offer in exchange of their old feature phone, along with the payment of INR 501. This amount represents a refundable deposit that the customer can claim at the end of a three year period.

Once the customer has purchased the JioPhone they will need to subscribe to any one of Jio’s tariff plans. There are two of them. The first plan, which is priced at INR 49, offers 1GB of 4G data and unlimited calling. The second plan, priced at INR153, offers subscribers 1.5 GB of 4G data, 100 SMS per day, and unlimited calling. Both these plans have a validity period of 28 days and offer all the 4G services available on Reliance Jio’s network.

About Reliance Jio’s new INR 594 plan

To offers its customers a better 4G experience, Reliance Jio has launched a new tariff plan priced at INR 594, which is valid for a period of six months and offers unlimited calling and free 4G data. This new plan is the third tariff plan Jio has introduced under its Monsoon Hungama offer. With this, Jio aims to improve the quality and affordability of 4G services provided to its subscribers across India.

About the JioPhone 2

In an effort to enhance customer experience and satisfaction, Reliance Jio has planned to launch JioPhone 2, also a 4G-enabled feature-phone, at a price of INR 2,999. This will sport a QWERTY keypad, dual-sim capability, a 2000mAh battery, and a 2.4-inch QVGA display. Other specifications include a 4GB RAM that is expandable up to 128GB via a card slot, a VGA front-facing camera, and 2MP rear camera.

On the software front, the JioPhone 2 sports a KAI operating system and supports LTE Bands 3, 5, 40 as well as 2GB Band- 900/1800. Customers will enjoy a 150 Mbps download speed and a 50 Mbps upload speed as well. The feature phone also supports Voice-over-LTE and Voice over Wifi. Furthermore, it will also sport popular apps like Youtube, WhatsApp, and Facebook, among others.

With regard to connectivity, JioPhone 2 also comes with Global Positioning System (GPS), Bluetooth, Near-field Communication (NFC), and Frequency Modulation (FM).

The JioPhone 2 will be available to the country starting August 15, 2018, in celebration of Independence Day.

Summary

Reliance Jio has introduced a third tariff plan under its Monsoon Hungama offer. This is priced at INR 594 and is valid for six months. It is launched in an effort to make 4G technologies more enjoyable and affordable to Indian users.