JioBharat can get 100 mn subs to Jio, delay tariff hikes for Airtel, Vi
New Delhi: Reliance Jio's new internet enabled 4G featurephone at ₹999 could disrupt the 2G market and help Jio gain market share by revenue as well as gain about 100 million subscribers, said brokerage houses. With the JioBharat phone, the No 1 carrier is once again aiming at the bottom of the pyramid which is bound to bring to halt any incremental tariff increases by Bharti Airtel and Vodafone Idea or any tariff corrections, which will be a negative impact on the No 2 and No 3 carriers. Jio announced the JioBharat 4G V2 phone on Monday, which will be priced at Rs999 -- about 20-30% discount compared to existing average prices of featurephones -- will be available for sale from 7 July. The device that will work only on Jio's network and comes with entertainment apps from the Jio stable such as Jio Cinema and Jio Saavn pre-installed. Jio has also come out with new tariffs for this device at Rs 123 for 28 days and ₹1,234 annually.
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