Reliance Industries Limited’s Chairman and Managing Director Mukesh Ambani is expected to make big ticket announcement during his address to employees and stakeholders on Thursday.Event will be broadcast live at 1.30 pm on the company’s social media channels.
Reports have indicated Reliance Jio’s Welcome offer, which gives customers free unlimited voice, video calling, SMS and unlimited daily data could be extended to March 2017. However, a TRAI order had said that Reliance will have to end the Jio 4G Welcome offer by December 4.
Interestingly, a Jio spokesperson said the Jio Welcome Offer or JWO “benefits of free unlimited Voice and data will be available to all subscribers up to December 31, 2016”. But, the “JWO will be available to new consumers for subscription till December 3, 2016,” the spokesperson said. This means new customers who buy a Jio SIM post December 3 won’t be able to get the free offer and will have to try out the paid tariff plans.
But given the level of interest in Jio, Mukesh Ambani’s announcement today will be closely watched. Reliance Jio already has over 50 million subscribers in just 83 days since the service went live. The company has set a target of 100 million subscribers.
Jio’s entry in the market has sparked a data war with rivals Airtel, Vodafone offering extra data and slashing prices for their consumers in order to retain them. With Reliance Jio, there is another service called Jio Fiber which is much-awaited. Jio Fiber is promising 1GBps speed for wired broadband in home, and is already being tested in some parts of India.