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Reliance Jio keeps Airtel and Idea shares under pressure
Which is an excellent move given that calls on the Jio network use the Voice Over LTE (VoLTE) standard, a pure digital IP only implementation that, unlike previous-gen 2G and 3G circuit switched networks, relinquishes the need for a separate voice-only channel.
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The Jio 4G tariffs start at Rs. 149 for 28 days, for 300MB.
“RJio has disrupted industry pricing more than we imagined, with consequences for incumbents likely more hard than we expected”, said George, who trimmed his price target on Bharti Airtel to Rs 290 from Rs 335, and that on Idea Cellular to Rs 85 from Rs 100.
It added however that users would perceive more value in RJio due to the unlimited offerings and free usage till December 2016, leading to strong demand for its services.
Reliance Jio MNP – The users who want to switch to Reliance Jio 4G Sim can go through this article. But there are, of course, caveats; this isn’t a clean, across-the-board slash in rates: the only place this fraction comes close is with their highest-end Rs 4,999 4G package.
“September 1, turned out to be a memorable day in the telecom industry with Reliance Industries” Chief Mukesh Ambani announcing the details of “Reliance Jio” venture.
As per this plan, prepaid users can enjoy 2 GB of data and unlimited night data.
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There will also be no roaming charges, across India, to any network, it was announced. It will be interesting to see the reaction of other cellular network providers and how Jio will deliver the promises. Next, these forms have to be picked up – it’s faster if you do the filing at a telco store, though since numerous companies also let you register through small distributors, the picking up of forms can add another day to the process – and then the details have to be documented by the company, before your SIM will be verified. The data rates being offered is also the cheapest in the world and will cost Rs.50 per GB. There is already a noticeable up to 8% fall in shares of Airtel and Idea after the announcement Jio tariff plans.