June 29, 2017

Reliance Jio offers 100% CashBack on JioFi by exchanging old routers

13 May 2017, 01:22 | Clarence Schmidt

Official Jio Twitter account announces JioFiber preview cities

Reliance Jio’s freebies hit routers market hard

To give you an idea, Reliance Jio Giga fibre broadband plan will offer you 50 Mbps speed for up to 2000GB of data at Rs 1500 per month. The Mukesh Ambani-led company's Fiber-to-the-Home (FTTH) service had been mentioned in the 2016 Reliance Industries Annual General Meeting, as well as in an earnings call in April this year.

After the vast success of its telecommunication network, Reliance Jio Infocomm Limited had made a new product launch namely JioFi, a personal WiFi hotspot device which provides 4G high-speed internet connectivity.

The wired JioFiber connections will not be for home users only though, as Ambani had mentioned in his September AGM that the multi-gigabyte service will be launched for enterprises as well, and will cover the top 100 cities of India. According to a report in India Today, Jio has been testing its Fiber service in Mumbai and will also be conducting trial runs of the service in Delhi-NCR, Ahmadabad, Surat, Chennai and Jamnagar.

Jio Giga Fiber Special broadband plans. Jio's 4G service is already a hit in the country.

Sensex, Nifty continues to close at lifetime high
The stocks rose by up to 1.49 per cent. "Major Asian markets have all ended on a positive note, barring SET and Shanghai index". The market price of 77 stocks from the BSE 500 and Smallcap indices have hit their respective 52-week highs today.

Reliance Jio is said to offer a minimum of 100Mbps for the home broadband consumers, and the plans will likely be priced at affordable rates.

To counter Reliance JioFiber broadband service, Bharti Airtel which is India's leading telecom operator came up with a promotional offer that offers 5 GB of additional data every month. Interestingly, a Twitter user in September had posted results of the Reliance Jio home broadband network speed tests in Pune, with speeds going up to 743.28Mbps. Subscribers will also get access to Jio bouquet of services, including the 5GB cloud storage. Under the first plan, the JioFi router getting a Rs. 1,005 exchange offer in this the users can exchange their data card, dongle, router and in return they will get 4G data worth Rs. 2,010, but there is a catch as the user will be required to pay Rs. 1,999 with a mandatory first recharge of Rs. 408, which is Rs. 309 for the plan + Rs. 99 for the membership which ensures freebies for 84 days.

"Reliance Jio had caused a bubble in the consumer segment which was due to free voice and data pricing", IDC analyst Niharika Kumar told ET, adding that the slowdown would continue in the consumer router market at least in the coming quarter ending June.

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