He said telecom operators had the legal obligation to provide points of interconnection to other players and not to limit customers from migrating to other networks.
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“Jio is a creation by the young, for the young”, said Ambani while addressing shareholders, and pointed out that the average age of Jio employees is 30 years. But with Reliance Jio offering dramatically cheaper tariffs, the customers can rest assured who is offering the cheapest deal. “You have Jio with Reliance Communications, Aircel and MTS on one side and Bharti, Vodafone and Idea Cellular on the other”, he said. For data, Ambani has set an aggressive rate of five paisa per MB or Rs 50 per GB.
In Plan Rs. 4,999, Reliance Jio will offer unlimited and free voice calls and SMS and 75 GB of data for 28 days.
Mukesh Ambani announced that World over, operators charge only for data, voice and messaging are essentially free. Moreover, the voice calls will be free, to begin with.
What he said: No Jio customer will ever have to pay for voice calls again. “Jio will usher India into the new era”.
Jio services will be available from Monday, September 5th and initially, it will be absolutely free as part of the “Jio welcome offer”, so everyone can try Jio’s services without paying any charges. Stating that the data must be affordable, he said “Jio’s base rate will be one-tenth of the prevailing data rates”.
It launched 4G enabled smartphones under its own brand LYF for Rs 2,999.
According to experts in the industry, this will cost telecom competitors Bharti Airtel and Idea close to Rs 12000 crore.
The next Jio plan is of Rs 999. Then there are some facts such as Jio wants over 100 million consumers within a year of its launch, which means by the third quarter of 2017. The removal of roaming charges has been long due.
Investors deserted the counters of telecom operators, with Idea Cellularplunging 11 per cent to Rs 83.20 – its 52-week low – during the day on BSE.
After December, Jio customers will get all domestic voice calls, including roaming for free.
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Jio’s cheapest plan starts at Rs 149 and offers just 0.3 gigabytes of data and the company’s next plan up costs Rs 499, while a majority of India’s phone users who still have basic phones spend less than 200 rupees a month on telecommunications services.
