Mumbai/Porvorim: Reliance Industries Chairman Mukesh Ambani will address the company’s annual general meeting (AGM) on July 21, and all eyes will be on announcements regarding Reliance Jio and whether there will be new products around the service.
Your own favourite website www.theneutralview.com will bring live streaming of this crucial annual general meeting from 11 am onwards. Our website is amongst selected medias which will have the privilege to showcase this one of the most important event in the business world.
ABOUT JIO AGM
For sometime, we have seen leaks around the Reliance Jio 4G VoLTE enabled feature phone and it remains to be seen whether this will be finally unveiled. It is learnt that there will be at least one “consumer-centric” announcement by Ambani at the event.
According to reports in the Business Standard, Foxconn is manufacturing the Reliance Jio 4G VoLTE feature phone, though another report in the Economic Times is claiming that Intex will be manufacturing most of these feature phones. Indianexpress.com has not been able to verify either of the claims. The Reliance Jio LYF branded feature phone could be priced under Rs 1500, though previously reports have pegged the price to be as low as Rs 500. However, the latter is unlikely given that this would mean Jio will need to heavily subsidise the phone.
But The Economic Times report says the Intex phone will be co-developed with Jio and sold via a “subsidy model”. So in all possibility, this phone will come pre-bundled with the Jio services, and is expected to hit the market in August of this month. Jio will need a phone like this to bring in more users to add to its consumer base, estimated to be above 120 million at the moment.