Reliance Jio

Shares of Bharti Airtel and Idea Cellular tanked 9-11 percent in intra-day trade Thursday after Reliance-owned Jio announced free voice calls, zero roaming charges, cheap data and a four-month introductory offer for free.  On a year-to-date basis, Bharti is down 2 percent, Idea is down 35 percent while Sensex is up 8 percent.

Data plans will start from as low as Rs 149 a month and move up to Rs 4999 per month for a heavy user. Data usage will completely be free at night.

Reliance Industries Chairman Mukesh Ambani expects the newly-launched telecom company to cover over 90 percent of India’s population with 4G coverage by March 2017 with an aim to acquire one lakh customers a day.
Besides, Jio's app boquet, worth Rs 15000 for an annual subscription, will be available free for all active Jio customers till December 31, 2017.
Jio’s network is entirely on 4G; have the largest voice over LTE in world and can transform India from a high priced data market to the lowest priced data market

Bharti Airtel ended at Rs 310.70, down Rs 21.15, or 6.37 percent and Idea Cellular was at Rs 83.70, down Rs 9.80, or 10.48 percent on the BSE.


Source: www,moneycontrol.com