Business Tycoon Mukesh Ambani will re-enter the telecom business with a Rs. 4,000 4G smartphone by December, offering voice and data services for as low as Rs. 300 – Rs 500 per month.
Reliance Jio Infocomm, which will commercially launch 4G services by December, has the largest footprint of liberalised spectrum in the country, acquired at a cost of Rs. 34,000 crore.
Speaking at annual shareholders meeting of Reliance Industries (RIL), Ambani said ensuring availability of affordable 4G smartphones has been one of the topmost priorities for Jio.
“The combination of Jio’s strong initiatives and a supportive global environment, gives me the confidence that we will see 4G LTE smartphones in India at prices below Rs. 4,000 by December of this year,” Ambani said.
Jio plans to offer telecom, high speed data, digital commerce, media and payment services for about Rs. 300 to Rs. 500 per month.
“In our digital…
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