To make further inroads into the intensely competitive Indian telecom market, billionaire Mukesh Ambani on Thursday annou-nced ‘JioPhone Monsoon Hungama’, offering to replace old feature phone with JioPhone for just Rs 501.
Speaking at the 41st annual general meeting of Reliance Industries, Ambani also outlined a target of garnering 100 million JioPhone users in the “shortest possible time”.
He also announced added capabilities and functionalities for JioPhone, an internet-enabled feature phone that offers 4G connectivity.
Announcing the new 'Monsoon Hungama' offer, Ambani said: “Today we are introducing another attractive offer to feature phone users...Starting July 21...They can exchange their existing feature phone for a brand new JioPhone for just Rs 501.”
“We have reduced the entry cost of JioPhone from Rs 1,500 to Rs 501.”
In July 2003, Reliance Infocomm had launched Monsoon Hungama Offer -- a crowd-puller that allowed customers to get a multimedia mobile phone for Rs 501 upfront payment, and monthly plan options.
The Chairman of Reliance Industries today said that 500 million Indians still use phones without internet capabilities.
“The doors of digital life are closed to them because of the problem of affordability,” Ambani said pointing out that this had been the driving force behind last year's launch of JioPhone at a fully-refundable deposit of Rs 1,500, that made it effectively free.