JIO Launched - A Telecom Revolution


Mukesh Ambani announced the long-awaited official launch of Reliance Jio Infocomm's services next week, outlining a strategy that promises to transform India's telecom business by offering free voice calls and mobile internet at a fifth of current rates along with a wide range of entertainment options underscoring the theme of convergence. "The era of paying for voice calls is ending," Ambani said. "No Jio customer will ever have to pay for voice calls again." he unveiling sent the stocks of phone companies tumbling, wiping out investor wealth of Rs 13,000 crore as Ambani spoke at the Reliance IndustriesBSE -1.53 % Ltd annual general meeting in Mumbai. No. 1 Bharti AirtelBSE -1.69 %, third-ranked Idea Cellular and Reliance CommunicationsBSE -10.98 % fell by 6.4 per cent, 10.5 per cent and 8.8 per cent, respectively, on the Bombay Stock Exchange on fears that they would have to either match Jio or risk losing users. Shares of Reliance Industries fell 2.7 per cent to Rs 1,029.15 on a day the benchmark index ended flat

Comments

Popular posts from this blog

WHAT IS A FIRM?

എങ്ങനെയാണ് ഒരു വിമാനം പറക്കുന്നത്?