Reliance Industries’ new telecom venture Reliance Jio is all set to begin with a revolution is mobile broadband.
Here’s a look at ‘how it will affect the people and market’
Highest quantum of 4G spectrum: Jio has the highest quantum of 4G spectrum across the 800 MHz, 1,800 MHz and 2,300 MHz bands.
Target to cover 90 per cent of India’s population: “Today, Jio’s 4G network already covers 18,000 cities and towns and over 2 lakh villages. By March 2017, they are targeting to cover 90 per cent of India’s population.
Cheapest offers: Bank of America Merrill Lynch said the top companies would see some adverse impact in the lower tiers, as the cheapest Rs 149 offer from Jio will appeal to voice-only consumers who will be able to make free voice calls on Jio’s network.
More cuts from competitors: Telcos had slashed effective data prices by almost 70 per cent recently with Airtel offering voice free for higher-paying users. They will now have to make more cuts.
1 million WiFi hotspots: Mukesh announced 25 per cent additional data for students and 1 million WiFi hotspots across the country.
Huge investment: They have invested over Rs 150,000 crore into this project. Just to put things into perspective.