Home Editor Picks Mukesh Ambani announced zero cost 4G phone today

Mukesh Ambani announced zero cost 4G phone today

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Reliance Jio today announced the launch of its much rumoured 4G feature phone, which is named as JioPhone. Along with that the telco has announced its cable TV device.

The JioPhone will be available for free but buyers will have to deposit a fee of Rs 1500 which will be refundable after three years on returning the phone. This means the phone will be available at an effective price of zero.

The phone, targeted at 50 crore feature phone users in the country, will be available for pre-booking from 24 August on payment of a refundable security deposit of Rs 1,500. This deposit will be refunded after 36 months on return of the phone, Mukesh Ambani said, adding that the price of the phone will be “effective zero”.

Voice and data both will come free with an affordable monthly plan of Rs 153, Jio announced. “At a plan Rs 153 a month, it is only 3 per cent of the existing price putting an end to unaffordable data for all Indians forever,” Ambani said.

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