Having amassed a whopping 52 million subscribers in less than three months, Reliance Jio chief Mukesh Ambani announced an extension of its free voice and data offer for existing and new consumers until March 31.
Ambani has claimed that telecom operator Jio has become the world’s fastest-growing technology company across all sectors.
‘In the first 3 months, Jio has grown faster than Facebook, WhatsApp or Skype,’ Ambani said.
Reliance Jio chief Mukesh Ambani (right) has claimed that telecom operator Jio has become the world’s fastest-growing technology company across all sectors
‘Starting December 4, 2016, every new Jio user will get Jio’s data, voice, video and the full bouquet of Jio applications absolutely free till March 31, 2017,’ he said, adding that the ‘Jio Happy New Year Offer’ will also be extended to existing customers on current SIMs.
Ambani stormed into the telecom business announcing free voice and data till the end of December.
‘On an average, a Jio customer is using 25 times more data than the average Indian broadband user,’ he said, adding that Jio has signed up over 6 lakh customers every single day for the past 3 months.
Ambani has accused incumbent operators like Bharti Airtel of anti-competitive behaviour by delaying providing points of interconnection that had led to blocking of nearly 900 crore voice calls from Jio to other networks.
Free data? Ambani announced an extension of its free voice and data offer for existing and new consumers
‘Benefits of Jio’s superior technology have been denied to customers due to anti-competitive behaviour of incumbent operators,’ he said, adding that the call block rate has come down to nearly 20 per cent as of Wednesday from over 90 per cent.
Throwing his weight behind PM Narendra Modi’s move to demonetise high-value currency, Ambani said he wants to congratulate and applaud Modi for his bold and historic decision to junk old Rs 500 and Rs 1000 rupee notes.
‘By doing this, our Prime Minister has given the strongest possible push to the growth of a digitally-enabled, optimal-cash economy in India,’ he said.
Stating that the move will help change the mindset of the people of India, he said, digitally-enabling transactions will help create a fair, just, transparent and strong India and Indian economy.
‘It will bring unprecedented accountability at every level,’ Ambani said. ‘I believe that the common people will be the biggest beneficiaries of this change.’
Ambani has accused incumbent operators like Bharti Airtel of anti-competitive behaviour by delaying providing points of interconnection that had led to blocking of nearly 900 crore voice calls from Jio to other networks
Stating that the biggest beneficiary of the move will be the ordinary Indian, he said moving to cashless economy and digital mode of payments will end queues not just for utility bill payments but also for depositing or withdrawing money at banks.
‘With one single step, he has brought all the unproductive money into productive use. This will enhance credit flow in the economy and legitimate credit is the fuel that powers the engine of economic growth,’ he said.
Ambani, said till now credit in India had mostly been high value and low volume.
Digital enablement has laid the groundwork for broad availability of low value, high volume credit.
This will provide credit to our farmers, small shopkeepers, traders and daily wage earners, he said.
Chairman and Managing Director Mukesh Ambani delivers his speech in Mumbai
‘Moving to cashless economy and digital mode of payments will lead to people not having to stand in queue for train tickets, paying utility bills or depositing/ withdrawing money from banks.
Time saved is money earned,’ he said. A digitally-enabled economy will help India become stronger and every Indian becomes even stronger, he said.
‘Once again, I would like to join my fellow Indians in congratulating our Honourable Prime Minister for this historic decision that implements his vision of Digital India and lays a strong foundation for the Indian economy,’ Ambani added.