Death of 2G: Will Reliance Jio's gambit succeed?
- Author: Joey Payne Jul 22, 2017,
Jul 22, 2017, 0:33
Mr. Ambani's son Akash Ambani and daughter Isha Ambani introduced the Jio phone."Jio set a world record of 100 million customers, adding 7 customers every second", he said."Jio today has over 125 million customers". This feature mirrors phone's screen to any TV including Old CRT TVs.
What is seen as a disruption for the telecom sector with Reliance Jio changing the very dynamics of the telecom service rates with its free services for six months after the company launched operations in September is a factor to reckon with.
"Initially, JioPhone holds greater potential for feature phones moving end of life in the near future", Kumar told IANS. They have no loyalty with a service provider or with a handset brand. Let's have a look at them.
The company also plans to open up 10,000 sales partners and increase touch points in Tier 2 and Tier 3 cities. In such a case, this will nearly certainly impact the supply of new 2G phones in India. Once you know exactly what the terms and conditions are, you may not want to buy this phone. The more expensive smartphone segment is dominated by Korean and Chinese brands and Indian companies are only marginal players. "No Indian corporate, and few global corporates, have expanded so much and so fast in scope, scale, size and service to the nation". They (audience) also chanted "We love Jio.... Subsequently, these users will be expected to migrate to smartphones in the next two-three years", Navkendar Singh said. Our back-of-the-envelope calculation suggests that Reliance is likely to generate revenue of close to Rs 20,336 crore in FY18 and Rs 32, 370 crore in FY19 which is close to 4.5 percent of its FY18 revenue and 6.7 percent of its FY19 revenue. "It is not a hard task, if incumbents do not react on time", said the former CEO. Remember, Reliance Jio launched with a promise of free voice for life in September past year. Giving details about Jio's reach and its wide popularity, Ambani said that Jio consumers use 125 crore GB of data every month, 165 crore hours of video every month.
Jio Phone will be available in three batches. Voice calls from JioPhone will be free and 50 crore feature phone users don't have access to basic internet.
Until today, rival companies like Bharti Airtel, Idea Telecom and others are feeling the heat and bleeding money to compete with Ambani's grand project.