Devesh
Core Member
Reliance Industries has said its telecom arm Reliance Jio Infocomm will launch its 4G LTE services at "substantially lower" rates than rivals, rekindling fears of a bruising tariff war in an already competitive industry.
"Affordability is a key to success of the digital revolution. Jio will make its services accessible and affordable to all consumers," Reliance Industries (RIL) said in its annual report for 2015-16 released on Thursday.
"It has developed its network at an extremely efficient cost base coupled with significant operating efficiencies. These efficiencies will enable it to offer services at a substantially lower cost than others," the company added.
Jio is expected to launch its services commercially in the coming months. Mid-July, the company had said it is in a "high state of readiness" to start offering its 4G services, except for in four circles where it could take four to six more weeks to prepare the network.
Reliance Jio 4G services to be at substantially lower rates than rivals: RIL | ET Telecom
"Affordability is a key to success of the digital revolution. Jio will make its services accessible and affordable to all consumers," Reliance Industries (RIL) said in its annual report for 2015-16 released on Thursday.
"It has developed its network at an extremely efficient cost base coupled with significant operating efficiencies. These efficiencies will enable it to offer services at a substantially lower cost than others," the company added.
Jio is expected to launch its services commercially in the coming months. Mid-July, the company had said it is in a "high state of readiness" to start offering its 4G services, except for in four circles where it could take four to six more weeks to prepare the network.
Reliance Jio 4G services to be at substantially lower rates than rivals: RIL | ET Telecom
