It has also reduced recharge tariff for lower denomination and short-term plans besides offering data benefits under the schemes.
The company met market expectations on refining margins but positively surprised the market by posting a profit at the earnings before interest and tax (EBIT) level in its telecom operations.
About six million JioPhones were booked by people in just three days when the company opened bookings of the 4G feature phone from August 24 in the first phase
On recharging a Jio number with Rs 399, a user will get eight vouchers of Rs 50 each which will be redeemable on MyJio from November 15
"We got a new keyboard for India and we now support 11 local languages. The iPhone now takes dictation in Hindi," he said in a video message.
Offers for customers under the iPhone 8-Jio partnership include a 70 percent buyback after 12 months on the iPhones bought with the Jio tariff plans, among others
Jio said that it is "appalling" that incumbent operators have made baseless allegations against the process for determination of interconnection usage charges (IUC) and regulator Telecom Regulatory Authority of India (TRAI).
The 5GB 4G data can be availed on a recharge of Rs 309 and above on the user's Jio connection and will come as an additional data over and above what the users normally get. The additional data is limited to a maximum of 5 recharges per user.
Reliance Jio made several records not only in India but across the globe and crossed 130 million customers mark in one year of its operations, Reliance Industries Chairman and MD Mukesh Ambani said in his letter to employees.
"Millions have pre-booked the JioPhone. We will inform you when pre-booking resumes," a message on Reliance Jio website said.
In a letter to the Department of Telecom, Vodafone said the financial burden on the industry has reached a level where it is unviable for operators to provide services.
Self-care application of leading telecom operators like Airtel, Vodafone India and Idea Cellular, have registered over 10 million downloads on Google Play store
Pre-bookings for Reliance JioPhone will start from August 24
Even after a positive opening, shares of the company failed to hold on to the gains and later dipped 1.39 per cent to Rs 421.65 on BSE.
IUC is important not only from the perspective of operators as it gives them a revenue stream, but it is also a key component of voice tariffs and, therefore, also has a bearing on consumers’ monthly bills.
Telecom as well as cable operators fell sharply after Jio offers. Bharti Airtel, Idea Cellular (though recovery sharply towards the close), Dish TV, Hathway Cable and GTPL Hathway were down 2-6 percent.
JioPhone has many quality features that further blur the line between smartphones and powerful feature phones
A round-up of the most re-tweetable tweets.
RIL's 40th AGM could all be about the extension of Reliance Jio's services — from mobile to connecting life inside homes.
Reliance Jio, the latest entrant in the telecom sector, will raise Rs 20,000 crore through a rights issue to meet funding requirements.
Any change in IUC has a direct impact on mobile call rates as the charge is taken into account while setting telecom tariffs.
Upcoming Reliance Industries AGM on July 21 is the next key event to watch out for as it may provide more clarity on new legs to Jio's growth, i.e., Broadband and 4G feature phones, CLSA said.
The phone is expected to be launched at the Reliance Industries' annual general meeting scheduled for July 21. A new tariff plan is also likely as the current Dhana Dhan offer will end by this month.