Reliance Jio’s Bharat phone will create panic in the entire telecom world, know the price and features

New Delhi. Analysts in the telecom sector believe that Reliance Jio’s ‘attractively priced’ Internet-enabled phone will play a key role in increasing the company’s market share and also reduce the possibility of tariff hike in the near term. Jio had announced the launch of ‘Jio Bharat’ phone for Rs 999. With this, a monthly plan of Rs 123 has been introduced, in which apart from unlimited voice calls, customers will also get 14 GB data. Through this, Jio has tried to target 25 crore customers using 2G phones.

JP Morgan said in a commentary that this ‘game-changing move’ by Jio could stop the process of increasing tariff for 2G services. Apart from this, it will also help in increasing the share of Jio in the basic telecom service segment. “We are of the view that this will prove to be a negative for Bharti Airtel as the expectation of tariff hikes over the next 12-18 months should go away,” Morgan said.

At the same time, MK said in his statement that the Jio Bharat phone is in a much better position to disrupt the market than the original Jio phone that came in the year 2018. He said that Jio Bharat Phone can be adopted by more than 100 million customers if there is no supply chain or performance issue. MK said, “Vodafone Idea and Airtel have 103 million and 111 million customers respectively for 2G. If even 40 percent of these customers choose Jio Bharat, then the mobile revenue of these two companies will be affected by 11 percent and eight percent respectively. May have.”

Along with this, MK believes that the introduction of this affordable phone will also delay the increase in tariff for 2G services. If this happens, Vodafone Idea will have to suffer the most. Jefferies has said that this phone of Jio is not good in terms of fee hike, saying that it may soon consolidate the Indian telecom market between the two companies. According to Jefferies, after the launch of Jio Bharat Phone, Jio may get 2-22 million subscribers annually, which may reduce Bharti Airtel’s pre-tax earnings by 1-2 percent by 2024-25.