Today it was Reliance Industries’ 40th Annual General meeting. Reliance chairman Mukesh Ambani addressed the AGM in Mumbai where one of the highlights was the launch of Jio Phone at Rs 0.
Mukesh Ambani announced Jio Phone for rupee Zero only for Jio users but company will collect security deposit of Rs 1500. After 36 months’ company will pay back this money. As RIL Chairman Mukesh Ambani said on the Jio Phone the voice call will always be free.
He termed it as the World’s most affordable feature phone. It is 4G compatible phone with support for 22 languages. With this announcement, it become trending on the social media.
Also telecom and DTH stocks came under pressure after Reliance announced JioPhone. Major telecom companies Bharti Airtel, Idea and Reliance Communications shares fell between 2 to 5 percent. Meanwhile, the data plans and the push on its Jio phone also put pressure on cable and digital TV networks as well.
Company introduced Jio Phone as “India ka Smartphone”. Company estimates for 50 crore feature phone users who are using 2G phones and not able to take 4G phones due to high costs.
In September 2016, Reliance Jio launched in India, it restricts users to make calls with a phone which has VoLTE technology. The all new JioPhone includes appls like JioCinema, JioTV, JioMusic and more.
Jio Phone Availablity:
15 August 2017
Jio Phone Pre Booking:
24 August 2017
Reliance’s Jio Phone will be available from 15 August 2017 in Beta. It will be up for pre-booking from 24 August 2017. One can pre-book the Jio Phone from the MyJio app and Jio stores. Pre-booking users can get their phone from September as a first come first serve basis.
Also it will have a couple of different data packs. For Jio Phone plans, users can recharge for Rs 153 per month in which they will get free voice and SMS and unlimited data with jio apps.
One can also go for Rs 309 per month plan with all above features and support for mirroring your screen on a Tv via cable.
In Reliance 40th AGM 2017, company announced two sachet packs, at Rs 24 for 2 days or Rs 54 per week.
JioPhone features and Specifications :
The JioPhone was introduced by Akash, Isha Ambani and Kiran Thomas, revealing the phone’s support voice commands, along with standard feature phone functionality.
Isha Ambani said that the phone looks familiar by design, to ensure that it is easy to use. The phone comes with a number of apps and browser installed aside from Jio’s offerings too.
On stage, we caught glimpses of the JioPhone browser, Facebook, and also PM Modi’s Mann Ki Baat broadcast.
This will also support UPI payments, and debit and credit card payments, similar to Samsung Pay, he said. The company confirmed the phone will have, a 2.4-inch display, panic button, expandable storage, FM radio, among other features.
Key JioPhone specifications leaked before the launch included dual SIM functionality, 2-megapixel rear camera, VGA front camera, FM radio, and Bluetooth connectivity. The JioPhone has also been tipped to come with a 4GB of internal storage, and 512MB of RAM.
“There are 78 crore mobile phones in India,” Mukesh Ambani pointed out. “However, in this 78 crore, there are more than 50 crore feature phone users, who have been left out. They can neither afford the cheapest LTE smartphone, nor the exorbitant cost of data.”
“Data is the oxygen of digital life, and no Indian should suffer because of unaffordability,” he added. “Sadly the vast majority of mobile users are starved of data. This unfairness must end, and Jio is committing to ending it today.”
To accomplish this, the company needs to deliver on three pillars, Ambani said – connectivity, data affordability, and device affordability. “Jio is a data strong network built for the Internet from the ground up,” he said. “The TRAI speedtest portal has consistently ranked Jio as the clear 4G network leader in coverage, usage, and data speeds.”
“Our network continues to rapidly expand. Jio, in the next 12 months, will cover 99 percent of the population. India’s 4G coverage will be more than its 2G coverage,” he added. To meet the need for device affordability, the company realized it would have to release a 4G VoLTE feature phone, as even an entry level smartphone costs between Rs. 3,000 and Rs. 4,500, Ambani said.
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