Ever since its official launch, Reliance Jio has been the talk of the town. After extending the free data offer until March 2017, Reliance is taking another step in the industry by providing JioFi 4G Hotspot and LYF smartphones on its online portal - Jio.com.
Presently, on the website, there are three LYF phones on offer - the LYF Water 11 (Rs. 7,999), LYF Water 8 (Rs. 8,999), and the LYF Earth 1 (Rs. 19,399). Interestingly, all the three devices are listed on a lower pricing than their launch price. Also, the website lists JioFi 4G hotspot device at Rs. 1,999, which is the updated pricing after its first price drop. The JioFi was originally launched at Rs. 2,899 and it got its first price cut in September.
To purchase the devices on Jio.com, buyers need to head to the 'Devices' section on the website. Reliance promises to deliver the products within three to five business days. The website also promises replacement for the damaged and defective products within seven days of product delivery.
Jio launched its IP based 4G-LTE (long-term evolution) services on September 5, 2016 and its operations are in the ramp up phase. It recently extended its free offer till March 31, 2017 and may further extend it following aggressive pricing of 4G data and launch of free voice packs by incumbent telcos.
Moreover, the telecommunication services industry in India is exposed to intense competition is capital intensive in nature and is subject to changes in technology and regulatory environment, the agency said. The agency has also assigned Jio’s Rs 100 billion bank loan facilities an ‘IND AAA’ with a Stable Outlook and an ‘IND A1+’ rating.
The agency expects continued adequate and timely tangible support from the parent for RJio’s debt servicing. The agency may reassess the linkages in the event of significant equity dilution by the parent or a longer-than-expected break-even period.
Moreover, to enjoy discounts on the products, users can download the JioMoney App for discount coupons. These coupons can also be availed at the physical stores by showing the coupon code on the app, which is scanned by the store employee. Buyers can also apply the coupon codes on Jio.com to get discounts on products. The website shows the coupon code option on the checkout page.