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Indian Telecom Carriers Face Price Target Cut On Jio Threat

Till then, all customers would get free access to unlimited voice calls (local and STD), SMSes and data.

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Mukesh Ambani (right) with his wife Nita and son Akash on their arrival for the company’s annual general meeting in Mumbai. Telecom revolution on its way!

Ambani also announced a “free welcome offer” for Jio customers from September 5 till December 31.

The company plans to cover 90% of India’s population by March 2017.

With the formal launch of Reliance Jio, Reliance Industries chairman Mukesh Ambani said that his group would invest Rs 5000 crore in Indian startups over the next five years.

Reliance Jio hopes that they will make it big on content with a variety of offerings, including mobile wallet, security, magazine newsstand, messaging, and on-demand services. Incumbent operators have maintained that once Jio intimates DoT and TRAI of its commencement of services in accordance with the license conditions, they would provide adequate inter-connection facility to Jio as per Jio’s requirements and Mobile Number Portability facility. The rates are about one-fifth of prevailing data costs in the country.

Jio’s 4G data packs will be priced at Rs 50 per GB, around 80 per cent cheaper than current market rate, while voice calls and roaming will be free. Further, Reliance Digital has come up with a line-up of affordable 4G LTE smartphones that start at Rs. 2, 999.

Reliance Jio MNP – The users who want to switch to Reliance Jio 4G Sim can go through this article. All domestic voice calls for Jio customers will be absolutely free, across India and at any time.

It is reported that the leading cellular companies like Idea Cellular, Bharti Airtel Ltd, and Reliance Communications Ltd combined had lost Rs 13, 165.55 crores in market value on Thursday. From Ambani featuring in Game of Thrones to what would Reliance stores look like today, the memes will tell you all. Reliance Jio will be launched commercially on December 31.

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Jio’s tariff offers will certainly trigger a price war among operators that will strain the finances of incumbent telecom companies, struggling under huge debt, analysts added.

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