MUMBAI: Reliance Jio Infocomm on Friday outlined a Rs 100,000-crore investment plan in the lead up to its commercial 4G launch around December and said it is open to acquisitions and spectrum sharing and trading for adding more airwaves to its kitty.
The telecom arm of Mukesh Ambani-led Reliance Industries could be preparing to launch 4G services at one third prices as that of current market data plan offered by other players such as Airtel, Vodafone, and Idea etc., said a source close to the development.
“Jio is likely offer 1GB data plan at close to Rs. 60,” and industry executive familiar with Jio’s plans told The Economic Times.
Currently, the telecom operators are charging 1GB data plan almost the range Rs. 150 and Rs 200. Reliance Jio plans to take on competition with aggressive pricing of its data plans.
The company is partnering with some handset makers to roll out 8-10 million 4G devices per month in India, with most of them to be priced below Rs. 4000 the source said. If we find that there are no devices at certain price points or there are gaps, then Reliance Retail is contemplating to engage with mobile phone makers to make it available.
This could mean handsets branded by Reliance Retail, the group;s retail arm. Jio in its presentation, said that it is working with all possible handset makers including Apple, Samsung, Micromax, Lava, Karbonn, Motorola, Sony, and LG.
Jio on Friday said that it would spend Rs. 1 lakh crore towards launching 4G services in December. The company said that it had already invested three fourth of the amount outlined for the services.
We are in the final launch of our Jio services which will bring about a positive transformation in the lives of millions of Indians, RIL Chairman Mukesh said a statement on Friday.
The company is expected to start beta programme of 4G services in the coming weeks before launching commercially in December 2015.