Move follows satellite players' spectrum demand
The made-for-India smartphone is available at an entry price of only Rs 1,999 and "the rest paid via easy EMI over 18 or 24 months".
Reliance Jio's smartphone, JioPhone Next, was expected to be a disruptor, but its price has made some analysts a tad sceptical. Let's understand if JioPhone Next can live up to its hype
Besides Demchok, 4G services were also inaugurated at the border village of Chushul, Nyoma Tharuk and Durbuk in Ladakh
Phone pricing is seen as unattractive for low-end users and bundled offers, non-disruptive. While this could slow the pace of adoption, it may spark tariff hikes in the industry, say analysts
Part of the telecom operator's 'Mera Pehla Smartphone program', the cashback offer reduces the effective ownership cost of eligible smartphones in a long run
The pricing per se of JioPhone Next is not disruptive given the slew of smart phones already available in Rs 5,000-7,000 range, said ICICI Sec in a note
Plenty of stocks are set to react to September quarter earnings by corporate over the weekend this morning
Point to shift in Jio strategy with greater focus on value instead of volume
The phone will be available for purchase on Jio Mart's digital network of 30,000 partners across the country
The move comes even as its rivals Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues
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Both Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues
Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue dues payable to the government
The smartphone, developed in partnership with Google, will be rolled out before Diwali after missing its September 10 launch due to global chip shortages
JioPhone Next 4G smartphone will enable vernacular speakers to connect with people speaking different regional languages, mainly to target around 30 crore 2G users in the country. The made in India smartphone is likely to be launched before Diwali. JioPhone Next will have the first operating system -- Pragati OS -- jointly developed by Jio and Google, customised for Indian users, the telco said in a video released on Monday. Reliance Industries Chairman and Managing Director Mukesh Ambani at the group's 44th annual general meeting had asserted that an ultra-affordable 4G smartphone is essential to make India '2G-mukt' (free of 2G). He had said India still has nearly 30 crore mobile users who are unable to escape from inefficient and exorbitant 2G services since most basic 4G smartphones remain unaffordable. Jio was the first company that launched 4G mobile phones in India free for consumers, where they were required to pay a refundable deposit of Rs 1,500 for a JioPhone, built lik
The JioPhone Next will be powered by Google Android operating system-based Pragati OS and Qualcomm processor
Jefferies says Q2 result disappointing, cuts earning estimate
With low visibility in tariff hikes, strategic sale in oil-to-chemical biz a near-term trigger
The company said Covid-19 impact in the previous quarter led to a churn of low-end subscribers and resulted in a fall of customer base.