Here are the new features and updates comming to the reliance jio in the December 2016 and on January2017. Mukesh ambani said that by these additional features the jio users will be having a great hike in the chart. The best feature of these 5 is number portability which will cause many loss for other operators.
We have collated the top five takeaways for stock market and telecom sector from Mukesh Ambani’s speech:
Also read:Existing operators tires to destroy jio: Mukesh Ambani
Extension of freebies: Mukesh Ambani said starting December 4, every new Jio user will get data, voice, video and the full bouquet of Jio applications. The extension of freebies might not auger well for rival players such as Bharti Airtel, Idea Cellular, Vodafone and Reliance Communications.
Most analysts have a negative outlook on the telecom sector amid Jio’s expansion plans. Telcos focused on volumes in Q2 of FY17, especially data, in response to the threat from R-Jio and to push plateauing data penetration levels.
“Realisations took a big hit, impacting overall data revenue delivery; voice revenues were also weak (seasonal weakness). Both Bharti and Idea showed similar sequential underlying operational trends in 2QFY17 while Bharti outperformed on YoY comparison," Kotak Institutional Equities said in a report.
Jio Money: The big gamechanger, according to experts, amid demonetisation is the introduction of Jio Money.
"To fuel their transactions, Jio is working to empower Indian merchants by building a digital retail ecosystem," said Ambani. "Thanks to solutions like JioMoney, every Indian has the ability to have a Digital ATM in their pocket," he said.
To enable low-value, high-volume transactions, merchants, especially small merchants, are an important component of the economy. JioMoney is expanding its reach to millions of touch points where micro-ATMs will be deployed.
Number portability: The much-awaited feature of number portability was made available by Jio. Mukesh Ambani announced in his speech that Jio now fully supports mobile number portability. He also announced the home delivery of Jio SIMs to those who wish to port their number.
Surge in data usage: On an average, a Jio customer is using 25 times more data than the average Indian broadband user, Ambani claimed. 1 GB per day is 30 times the average usage on other networks.
"Jio is not only delivering 4 times more data than all other Indian telecom operators combined, but also much faster throughputs than any other mobile network in India," said Ambani.
He further said over the past months, the call block rate has come down from over 90 per cent to nearly 20 per cent as of yesterday.
Expansion in customer base: Ambani said Jio added 50 million customers on its 4G LTE all-IP wireless broadband network in the 83 days of launching services.
After crossing the 50 million subscriber mark in just 83 days of its launch, Reliance Jio has emerged as the largest broadband operator in India.
According to a report by PTI, Airtelreached the same milestone of notching 50 million subscribers in 12 years, Vodafone and Idea took 13 years each.
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