Reliance Jio 4G feature phone said to cost Rs. 500
It is expected to be unveiled at RIL AGM on July 21
The feature phone may hit the market on August 15
The long-rumoured Jio feature phone with 4G VoLTE support may be unveiled at a price of Rs. 500 on July 21, the day Reliance Industries Limited is holding its Annual General Meeting. A research note by HSBC analyst Rajiv Sharma reportedly says the Jio feature phone will be priced as low as Rs. 500 (less than $8). The move could help Reliance Jio convince users of 2G feature phones on other networks to make the switch to its 4G network, with a new aggressively-priced Jio plan also said to be on the cards to further sweeten the deal.
Reliance Jio feature phone price
According to an Economic Times report, the HSBC research note says the Jio 4G VoLTE feature phone will be subsidised by as much as $10-15 (roughly Rs. 650-970) in order to achieve the price point of Rs. 500. The company is said to have placed an order of 18-20 million units for the handsets with Chinese vendors such as Zhejiang Techain Electronics Technology Co., Shenzhen CHINO-E
Communication Co, Crave and Megaphone. Shipments will start in late July or early August.
While the Reliance Jio 4G feature phone is expected to be announced at the July 21 AGM, it will reportedly hit the market on August 15. The feature phone is expected to be launched under the Lyf brand, which is a part of the Mukesh Ambani-backed Reliance Digital.
It is expected to be unveiled at RIL AGM on July 21
The feature phone may hit the market on August 15
The long-rumoured Jio feature phone with 4G VoLTE support may be unveiled at a price of Rs. 500 on July 21, the day Reliance Industries Limited is holding its Annual General Meeting. A research note by HSBC analyst Rajiv Sharma reportedly says the Jio feature phone will be priced as low as Rs. 500 (less than $8). The move could help Reliance Jio convince users of 2G feature phones on other networks to make the switch to its 4G network, with a new aggressively-priced Jio plan also said to be on the cards to further sweeten the deal.
Reliance Jio feature phone price
According to an Economic Times report, the HSBC research note says the Jio 4G VoLTE feature phone will be subsidised by as much as $10-15 (roughly Rs. 650-970) in order to achieve the price point of Rs. 500. The company is said to have placed an order of 18-20 million units for the handsets with Chinese vendors such as Zhejiang Techain Electronics Technology Co., Shenzhen CHINO-E
Communication Co, Crave and Megaphone. Shipments will start in late July or early August.
While the Reliance Jio 4G feature phone is expected to be announced at the July 21 AGM, it will reportedly hit the market on August 15. The feature phone is expected to be launched under the Lyf brand, which is a part of the Mukesh Ambani-backed Reliance Digital.
