Jionet launch in Orissa

Jio’s 4G Launch rattles India’s Data markets

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Reliance Jio is gearing up for its full commercial launch of its services across the country and is all set to rattle India’s data market by offering 4G data at lowest rates in the world. “Mission of Reliance Jio is to take India from data shortage to data abundance. Jio makes India the highest quality, lowest price data market in the world,” Mukesh Ambani said at RIL’s 42th shareholder meeting in Mumbai.

After the announcement of free voice call to any network and low data rates, shares of Bharti Airtel and Idea Cellular sank over 9% , both the companies lost over Rs 120 billion in market capitalization. Read more

 

Sweekar S

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