Mukesh Ambani-owned Reliance Jio is planning to roll out smartphones under its "LYF" brand, along with bundled 50 GB of free 4G data, 5,000 minutes of free talk time on own 4G network, and 5,000 free SMS, by the first week of February in thirteen cities, RTN Asia reported Monday.
At Rs 100 per GB and Rs 0.50 per minute and SMS, these freebies are worth Rs 10,000 (Rs 5000+2,500+2,500), the publication said, citing various retailing sources.
Five metros Mumbai, Delhi, Kolkata, Chennai and Bangalore-will be a part of the first phase launch, the report said, adding that Baroda, Kochi, Hyderabad, Pune, Jaipur, Chandigarh, Indore and Patna will also get 4G devices and services by the same time.
Read more on LYF Phones:
Reliance Jio Smartphone: LYF Water 1 Smart Phone Price and Specification
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LYF Earth 1 Smart Phone Specification and Price
In December 2015, Reliance Jio had launched its 4G services, albeit, just for its group employees, and their families. The telco, since then, substantially optimized its network, and is currently testing service offerings across the breadth of the country.
Reliance Jio has previously said that the next fiscal year starting April 1 will be the telco's first full fiscal year of commercial operations.
Brokerage Morgan Stanley, in its recent note, said that Jio may notch up annual revenue of $6.69 billion (Rs 45,492 crore) by the end of its fourth year of commercial operations and corner 23% of India's non-voice market.
The US brokerage also estimates Jio will generate $1.7 billion of revenue by the end of 2016-17, which will be its first year of commercial operations if it starts in April.
