India's richest man Mukesh Ambani on Friday announced the launch of a 4G-enabled feature phone priced at "effective" zero that bundles life-long free voice calls with dirt cheap data in a bid to woo 50 crore low-income users to his 10-month old Jio.
PTI
MUMBAI
Ambani's oil-to-telecom conglomerate Reliance Industries is focusing on digital business, together with core refining and petrochemical business.
Addressing the annual meeting of shareholders of RIL, the parent of Jio, Chairman Ambani said the handset, named JioPhone, will have "an effective price of Rs 0" as buyers will be able to get the device for a one-time refundable security deposit of Rs 1,500. The deposit will be refunded after 36 months on return of the phone. Voice calling will be free for life while unlimited data packs will cost Rs 153 a month on the device, he added.
JioPhone will be available for user testing in beta form from August 15 and for pre-booking from August 24.
