It said so after rolling out its 4G network across the country. He added that this would translate into a data usage of 250 Cr GB per month. Reliance Jio has already onboarded 1.5 mn users on its 4G network, during the test phase. Jio service is already available on Sony, Sansui, Videocon, LG, Samsung, Micromax, Panasonic, Asus, TCL, Alcatel 4G smartphones.
The company management believes Jio’s network can easily handle usage of 5 GB per month data each by over 100 mn subscribers. Jio is seen to kickstart its advertisement campaign soon as it has become the principal sponsor of India’s Olympic contingent for the 17-day event starting August 5.
This makes it the cheapest smartphone in the segment in India. Four models of LYF Flame are available for Rs 2,999 now. It will come with free Jio SIM, bundled with free unlimited data usage and voice calling. Earlier the price was Rs 4,000.
The wallet which was till now being used only within the Reliance group, for four months, can now be used by the public and is available both for Android and iOS users. The company had earlier received a payments bank licence in partnership with SBI.
Reliance Jio had earlier launched its 4G service for its employees. With the special invite, the customers will get a trial SIM and a LYF phone. The invites have been handed out to the company’s employees but they can invite only 10 friends to use the service. The invite is valid only up to 15 days from the date it was received and cannot be transferred.
The speculation was made by Global Financial Services firm UBS. Jio was expected to initially roll-out bundled 4G offering on a limited basis with LYF-branded devices, as also SIM sale on a standalone basis, only in the second half of 2016. Airtel was the first to launch 4G giving it a significant first-mover advantage with its footprint in 15 circles, Idea started in 575 towns across its 10 circles while Vodafone is has a presence in five circles.
This is much lower than what the other telecom operators are providing which is 4 paise per 10 KB data. Reliance Digital Xpress stores across Delhi have already received Sim Card kits and the base tariff includes local and STD calls at 2 paisa per second, Re 1 per SMS and Rs 5 for international SMS. Base tariff is what the users are charged when they have not subscribed to data packs. It also includes Rs 5 per second for a video call.
Ola is planning to shut down its grocery business, Ola Store, which was launched in July 2015. Flipkart recently shut down Nearby, the grocery business, citing lack of focus as the key reason. On the other hand, Amazon has launched its grocery service in Bangalore and will deliver products in 2 hours. Reliance is adding 1.5 Lakh Vendors For New E-commerce Venture and will Start Grocery Soon.
The devices come equipped with technology such as VoLTE and VoWi-Fi to deliver 4G experience. LYF Flame 1 and LYF Wind 6 comes for a price of Rs 6,490 and Rs 7,090 respectively. Both Wind 6 and Flame 1 come with a Qualcomm Snapdragon Chipset, 1 GB RAM and feature a 5MP front camera, apart from a 5MP rear camera. Flame 1 is available in white, black, dark blue, and dark red. Wind 6 has a 5-inch IPS Display, 1 GB RAM, Premium gloss finish is available in white, black, and gold colours.
Grocery app Grofers will now be delivering Reliance’s new 4G smartphones, starting from January 29th. Recently, Reliance Retail started selling 3 models of its own 4G smartphone brand Lyf to complement Reliance Jio’s services that are expected to be launched by March-April. The three devices – Lyf Earth 1, Lyf Water 1 and Lyf Water 2 will be available on Grofers at over 150 stores across 13 cities – Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi-NCR, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai and Pune.