Reliance Jio masterstroke with Jio Bharat phone, Airtel was preparing to increase the tariff
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Jio Bharat Phone Telecom Tariff Hike: Reliance Jio has put an end to the possibilities of Airtel Tariff Hike by launching Jio Bharat 4G phone.
In the report of brokerage house JP Morgan (JP Morgan Report), it has been claimed that Mukesh Ambani’s telecom company Reliance Jio has spoiled Airtel’s game by launching Jio Bharat phone.
JP Morgan’s report says that Bharti Airtel was preparing to increase the tariff. But with the arrival of Jio Bharat phone, the tariff hike has now been postponed till next year. Along with this, the brokerage firm has placed Airtel in the underweight category.
According to the report of JP Morgan, Airtel had recently increased the prices of 2G plans. The lowest priced plan of Rs 99 for 2G was reduced to Rs 155. That’s why Airtel had high hopes of increasing earnings from this price hike.
After the launch of Reliance Jio Bharat 4G mobile phone, now Airtel’s 2G customer base may take a big dent. Reliance Jio aims to add 10 crore customers through Jio Bharat.
Jio Bharat phone priced at Rs 999 has 4.5 cm TFT screen, 0.3 megapixel camera, 1000 mAh battery, 3.5 mm headphone jack, HD voice calling, FM radio, 128 GB SD memory card support, powerful loudspeaker and torch. Features like Jio Cinema, Jio Saavn and Jio Pay are also available.
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