Jio recently announced the “New JioPhone 2021” offer for both new and old users. In this, customers can enjoy all the features for free for two years.
While investors in the telecom sector were waiting for the next round of tariff hike, market leader Reliance Jio Infocomm Limited moved in the opposite direction.
The company has recently announced the “New JioPhone 2021″ offer for both new and old users. Analysts at Jefferies India Private Limited say that Reliance Jio’s new plan will reduce the usage cost of JioPhone users by 23-25%. While we were expecting a delay in tariff hike, this move of Jio has surprised people. Jio’s primary objective is still to gain more customers. ”
Shares of Bharti Airtel Ltd. fell more than 4 percent on Monday. Analysts at Jefferies say, “Our analysis suggests that the offer may be attractive for feature phone users to change their device.”
Difficult to increase the number of customers
But most analysts believe that this is not expected to have a big impact on the number of customers. This is because the new schemes have a relatively high cost and target the lower end of the market.
According to a report by Mint, analysts of domestic brokerage house Daulat Capital Market Pvt Ltd said in a report that we do not think this offer is capable of impacting 2G customers. In particular, it has been introduced for the low income group and in this the handset option can also act like a barrier.
But in terms of signaling, the new plans of Jio suggest that it may put pressure on other things than expected by the growth of investors.
What is “New JioPhone 2021” offer
Let us tell you that Jio has recently started the “New JioPhone 2021” offer, the process of taking advantage of which has started from March 1. Under this offer, the company is providing a new JioPhone for Rs 1999. Along with this, you can also take advantage of unlimited calling and data for 2 years. Apart from this, the company is also providing a plan of Rs 1499, in which you can get everything free for one year along with JioPhone. At the same time, for the old customers, the company has introduced a plan of Rs 749, in which customers can take all the benefits for a year for free.
