Business Companies 21 Jul 2017 RIL AGM today: All e ...

RIL AGM today: All eyes on expected launch of Jio's 4G Lyf feature phone

DECCAN CHRONICLE. | SUKANYA DATTA
Published Jul 21, 2017, 11:09 am IST
Updated Jul 21, 2017, 11:09 am IST
Reliance Industries Limited (RIL) which posted a robust 28 per cent rise in its Q1 earnings, will be hosting its AGM on Friday.
Reliance Jio is expected to launch its Lyf 4G VoLTE feature phone at its AGM on Friday.
 Reliance Jio is expected to launch its Lyf 4G VoLTE feature phone at its AGM on Friday.

Mumbai: Amidst other telecom players alleging Reliance Jio of causing market disruptions, the telecom giant is expected "unfold a new chapter" with the launch of its dirt cheap, 4G VoLTE feature phone at its annual general meeting (AGM) on Friday.

Reliance Industries Limited (RIL) which posted a robust 28 per cent rise in its Q1 earnings, will be hosting its AGM from 11 am, where Mukesh Ambani will elaborate on the company’s performance. However, all eyes are on the expected launch of Relaince Jio’s 4G VoLTE smartphone which experts have priced anywhere between Rs 500 to Rs 1,500.

 

The Reliance Jio 4G VolTE Lyf phone is expected to feature a few top Chinese original device manufacturers including Zhejiang Techain Electronics Technology Co., Shenzhen CHINO-E Communication Co, Crave and Megaphone. Sticking to its game plan of providing premium yet affordable services, it is expected to combine the best of Jio’s super cheap 4G data services with that of its VoLTE technology.

 

Currently, Jio is the only player in the telecom market to offer VoLTE services. Others like Airtel, Vodafone and Idea are still running it on pilot basis and are yet to launch it commercially. 

 The launch of the phone follows Jio’s ‘Dhan Dhana Dhan’ offer which single-handedly took over the telecom market last year. As of March, Jio had recorded over a user base of over 100 million subscribers.

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