In a strive to attract customers in India’s smartphones market, Billionaire Mukesh Ambani, is all set to re-enter the telecom business with smartphones priced at Rs. 4000 only, by December this year. It will also offer voice and data services for as low as Rs. 300 to Rs. 500, per month.
Speaking at the annual shareholders meeting of the Reliance Industries (RIL), Ambani said, ensuring availability of affordable 4G smartphones has been one of the topmost priorities for Jio.
“The combination of Jio’s strong initiatives and a supportive global environment, gives me the confidence that we will see 4G LTE smartphones in India at prices below Rs 4,000 by December of this year,” Ambani said.
“In our digital business, our plan is to provide the same power of computing, communication and information to every individual, whether in towns or rural areas, that the US President had, ten to fifteen years ago. All this at about Rs 300 to Rs 500 per month,” said the chairman of the Reliance Industries Ltd.