Mukesh Ambani made a big announcment regarding free Jio 4G Happy New Year offer. Reliance Jio Infocomm Ltd. (“Jio”) announced today that it has crossed 50 million subscribers in just 83 days from commencement of services on 5 September 2016. Jio’s Data, Voice, Video and the full bouquet of Jio applications and content, absolutely FREE, till
31st March 2017 this is “JIO HAPPY NEW YEAR OFFER”.
Reliance has not scrapped the ‘Welcome Offer’, but just renamed the offer. During this offer period, Jio and Jio customers, will be able to continue our journey of co-creating and building the best network experience together. And on NEW YEAR’S DAY, all Jio Welcome Offer users will be automatically signed-up for the Jio Happy New Year Offer as well. All existing Jio customers will get the extended benefits of Jio Happy New Year offer, till 31st March 2017, on their CURRENT SIM CARD ITSELF. Under the JIO HAPPY NEW YEAR OFFER, Jio customers will get 30 times the average usage on other networks ABSOLUTELY FREE till 31st March 2017.
Also Jio is building JIO-MONEY MERCHANT SOLUTIONS. This will enable digital transactions of all types, whether they be at Mandis, Small shops, Restaurants, Railway ticket counters, for Bus and mass transit and even for person-to-person money transfers. Starting 5th of December, every merchant can download the JIO-MONEY MERCHANT APPLICATION. Using the JioMoney Merchant App, merchants can also make supplier payments, transfer money between his bank account and use digital petty cash.
Bharti Airtel and Idea Cellular have underperformed the broader markets in the past six months and with this announcment Airtel and Idea had lost nearly Rs 16,000 crore in market value.