Jio is disrupting it. Between Sep 5 and Dec 31st, Jio won’t charge anything for voice and data.
Key announcements:
- SMS to be free on Reliance Jio network
- Reliance Jio to never charge for voice calls
- Reliance Jio to have 1 million wifi hotspots by mid-2017
- Reliance Jio to offer 10 data plans • Reliance Jio users to get unlimited data at night
- Reliance Jio lowest data pack at 19 rupees/day
- Reliance Jio won’t charge any extra on festival days
- Reliance Jio to charge less for data on higher usage
- Reliance Jio data tariff 5 paise/MB or 50 rupee/GB
- Reliance Jio data priced at 50 rupees/GB
And the impact ? Airtel and Idea have lost 13,800 crores of market cap just after the Jio announcement.
Airtel crashed crashed 9.09 per cent to hit a 52-week low of Rs 85!
