Jio Bharat Phone Telecom Tariff Hike: Reliance Jio has ended the possibility of Airtel tariff hike with the launch of Jio Bharat 4G phone.
A report by brokerage house JP Morgan (JP Morgan Report) claims that Mukesh Ambani’s telecom company Reliance Jio spoiled Airtel’s game by launching the Jio Bharat phone.
A JP Morgan report said that Bharti Airtel was preparing to hike tariffs. But with the arrival of Jio Bharat phones, the tariff hike has now been postponed till next year. Along with this, the brokerage firm has placed Airtel in the underweight category.
As per a report by JP Morgan, Airtel has recently increased the prices of 2G plans. The lowest priced plan of Rs 99 for 2G has been reduced to Rs 155 That’s why Airtel had high hopes for a revenue boost from this price hike.
After the launch of Reliance Jio Bharat 4G mobile phone, Airtel’s 2G customer base may now have a big dent. Reliance Jio aims to add 10 crore subscribers through Jio Bharat.
The Rs 999 Jio Bharat phone features a 4.5 cm TFT screen, 0.3 megapixel camera, 1000 mAh battery, 3.5 mm headphone jack, HD voice calling, FM radio, 128 GB SD memory card support, powerful loudspeaker and flashlight. Features like Jio Cinema, Jio Saavn and Jio Pay are also available.
