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Reliance Jio may soon launch 4G VoLTE feature phone for Rs 500

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CIOL Writers
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After a period of lull in terms of new offers and in effect declining user growth, Reliance Jio could unveil new tariff plans as well as a Rs 500 feature phone with VoLTE capabilities at the Reliance Industries’ annual general meeting on July 21, The Economic Times reported on Wednesday.

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The report cites Rajiv Sharma, HSBC director and telecom analyst as saying that that the phone has been subsidized by Reliance. Each handset is subsidized to as much as $10-$15 (Rs650-975 by Reliance to sell it at Rs500 ($8). The low cost of the phone will lure 2G subscribers to directly switch to 4G.

Read more here: Reliance Jio launches 4G mobile phone at an effective price of Rs 0

The plan of action here looks like- introducing new tariff plans and flooding the market with low-cost affordable 4G handsets that will once again take Jio on a steep growth trajectory. The report further adds that Jio has already placed orders for 18-20 million phones with prominent Chinese original device manufacturers (ODMs). Prominent Chinese companies such Zhejiang Techain Electronics Technology Co., Shenzhen CHINO-E Communication Co, Crave and Megaphone, have reportedly been roped in by Reliance.

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Meanwhile, the latest report by TRAI stated that Jio was the fastest 4G service in India in the month of June. This is for seven month in a row that Jio has topped the 4G download speed list in TRAI tests.

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