Reported to have been blasted in Jio Phone, the company termed the conspiracy
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.
"Today, I am delighted to announce that JioPhone will be available to all Indians for an effective price of - Rs 0," said Mukesh Ambaniamid thunderous applause from the shareholders. "A JioPhone user can use the JioPhone for 36 months, and can get a full refund of the security deposit of Rs 1,500 by returning the used JioPhone. Net-net, you pay nothing for the JioPhone," he added.