Reliance Jio Live: Mukesh Ambani launches Rs 303 per month plan; Airtel shares down 2.5%

Mukesh Ambani announces Jio Prime, membership at Rs 99 for 1 year

In order to show the gratitude to the cusomters, the company launches new product, Jio Prime.

The membership programme for Jio Prime is for current users and those who will join on or before March 31 this year. Customers can join at Rs 99 for one year.

By 2018-end, co will cover 99% of India’s population, says Mukesh Ambani

By the end of 2018, Jio network will be present in all the cities, villages and cover 99 percent of the country’s population, promises Ambani.
 

According to him, superior network and customer experience is making Jio the operator of choice.

With Aadhaar-based processes, mobile portability has becom easier. “I hope more jio based users will opt for MNP and make it permanent,” Ambani says.

“Jio is trained to be a customer obsessed organisation. We are obsessed to deliver world class quality,” he says.

Jio provided jobs for 50 lakh people; users consumed 100 GB data

Jio provided sustainable employment for 50 lakh people. Last month, Jio users consumed more than 100 GB of data. India is no 1 country for mobile data usage, says Mukesh Ambani.

Crosses 100 million customer mark; milestone belongs to everyone who trusted it

Mukesh Ambani starts his address

Today is a historical day, he says. Jio launched its serives on September 5th. Jio has crossed the 100 mn customer mark. “This milestone belongs to everyone who believed in it,” he said.

Also watch out for the stock movement of Airtel, Idea, RCom

On the day of the commercial launch of Jio’s operations, on 1 September, investors pummelled the shares of the rival telecom companies. While Idea Cellular witnessed the biggest fall of 10.5 percent on the day, RCom declined 8.81 percent and Bharti Airtel 6.37 percent.

Investors in Tata Communications, Bharti Airtel, Tata Tele Maharashtra, Idea Cellular and RCom lost a combined Rs 13,617 crore on the day.

However, the shares, barring RCom, have fared well in the days after that. While Idea shares have risen 30 percent, Bharti Airtel is up 21 percent during 1 September-20 February.

Will Mukesh Ambani make announcement on future growth strategy?

As Reliance Industries chairman and managing director Mukesh Ambani is about to make major announcement on its telecom arm Reliance Jio, speculation is rife that he will chart out the future growth strategy for the company.

According to reports, Ambani is also likely to announce the company crossing 100 million subscriber mark in just about six months.