But industry executives and analysts say Jio's crossover feature phone - not quite a smartphone
Its priced at Rs 1,500, collected as a fully refundable deposit, refundable at the end of 3 years
Buyers will be able to get the new device, named JioPhone, for a one-time refundable security deposit of 1,500 rupees
Bharti Airtel and Idea Cellular had outperformed the market by gaining over 10% in past one-month.