Reliance Jio Tariff Plans Are The Nightmare For Its Competitors |…

“RJio has disrupted industry pricing more than we imagined, with consequences for incumbents likely more hard than we expected”, said George, who trimmed his price target on Bharti Airtel to Rs 290 from Rs 335, and that on Idea Cellular to Rs 85 from Rs 100. Targeting 100 million customers in the shortest span of time, he told Reliance Industries’ annual general meeting that its wireless phone unit, Reliance Jio Infocomm Ltd will offer data for Rs 50 per GB and monthly plan for as low as Rs 149.

Telecom shares came under heavy selling pressure.

While Reliance has announced 7 impressive plans, a few have been left out by the service provider, but the same are listed on the official Jio website.

It added however that users would perceive more value in RJio due to the unlimited offerings and free usage till December 2016, leading to strong demand for its services.

Otherwise, all three offer the same unlimited benefit of voice and nighttime LTE. So at the end of the year, a subscriber would actually be paying for nearly an extra month’s data service compared to providers whose billing cycle is pegged to a calendar date.

Reliance Jio 4G became a matter of key concern for its competitors to reduce the prices for voice calls and data services. We expect and hope that following commencement of services by Jio, the incumbent operators would fulfil their obligations to provide adequate interconnection and MNP facility. This applies to calls to other networks as well, not just calls within the network. “So, how can you then say that you will give it away free when you’re incurring a cost of 14 paise?” This may not happen anytime soon, although it’s very likely to happen in the future. The only question is do you use it as a loss leader or do u cross subsidize it. Therefore, I don’t think that voice is going to go away.

KYC, or Know Your Customer, is a process of a business verifying the identity of its clients – eKYC means taking the process online, doing away with manual paper checks, and thus ideally speeding up the process so that there is greater convenience for the users, and greater efficiency for the businesses.