According to Fitch, Reliance will quit voice calling business shortly

According to Fitch Rating firm, Reliance communication will leave wireless voice calling and slow down their on-going work because of competition.

Fitch said,”We expect the restructuring to transform from an integrated telecom business company to a business-to-business bandwidth services provider with three segments – GCX, enterprise and data centre business. However, the post-restructing Rcom will not benefit from GCX’s cash flows, which are largely ring-fenced under its $350 milliom senior secired bond elements.”

Earlier: You can expect a Reliance Jio Android phone soon

Jio was launched so that free Internet could reach almost every corner of the country. JioPhone was launched so that everyone could enjoy 4G network from featured phones. Now Reliance is planning to launch an Android phone. Will it be free too?

A company’s insider told FactorDaily,”There is not enough apps compatible with KaiOS but people are working on developing special versions for JioPhone.”

JioPhone is a featured phone from Reliance which has 4G net connectivity. This isn’t a new news I’m sure. When you tried booking this phone, you couldn’t (neither could I). But this is also not new. What’s new?

Even with most of my friends missing out the registration because of a technical fault in the site, JioPhone has helped Reliance make an unbelievable record. On 24th August when the entire India was trying to book the phone, 6 million Indian could actually book the phone!

What’s even more interesting is, almost 10million people have expressed interest for JioPhone. This list definitely contains me. These phones will be delivered during Navratri.

JioPhone was technically a free phone cause you had to deposit Rs. 1500 for 3 years for buying it and it was refundable after 3 years. However, according to recent rumors, you are entitled to receive a part of the refund if you return it before 3 years.

JioPhone was announced by Jio on Friday at their 40th Annual General Meeting. The phone is quite revolutionary not because it is free, but because it upgrades a normal 2G user to 4G user.

You only have to deposit Rs. 1500 as a security deposit (refundable after 3 years) and get the phone for free. The phone will be available for pre-booking from August 24th.

In order to make a Digital India, Reliance Jio is tieing up with domestic smartphone brands to push forward the initiative of Make in India. The brands we are talking about are Intex and Micromax.

Reliance has approached Intex and Micromax for making 4G feature phones. The company will make another announcement in the next quarter where they will make their official statement of this. Reliance is focussing on negotiations for JioPhone so that there is not much change in pricing but the quality remains the same.

As for the JioPhone, the phone is apparently free. You are entitled unlimited voice and data on a monthly basis with a recharge of Rs. 153 only.

This surely puts the other telecom operates at a huge loss. Most people are rejoicing for this unbelievable offer.

At the Annual General Meeting, Ambani said, “Today, Jio is going to reinvent the conventional feature phone. With a revolutionary device, an unmatched Indian innovation, Made in India, by young Indians, and for all Indians let me introduce India ka Intelligent smartphone – JioPhone.”

The JioPhone comes with 2.4-inch screen, 512MB RAM, 4GB memory and will bring to you most of Jio’s services. Instead of Rs. 153, if you go for Rs. 309 plan, you can also avail connectivity and transmission to cable TV.

The device will be made available from 15th August. Reliance also plans to target making 50lakh JioPhones every week.

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News Source: Gizbot
Featured Image Source: The Quint

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