Analysts largely see this as a positive for the sector, saying it will allow Bharti Airtel and Vodafone Idea to increase their rates as well
The subsidiary will also acquire RIL's equity investment of Rs 65,000 crore in Reliance Jio Infocomm Ltd (RJIL)
Existing JioPhone plans will continue alongside the newly introduced plans
The Supreme Court on Thursday ordered phone operators in the country to pay the government a combined Rs 920 billion in past airwaves and license fees
The verdict will also provide a relief to the government, which is reeling under the problem of controlling its fiscal deficit with some extra revenue
Reliance Jio has paid Rs 1,133 crore to the Department of Telecom, Vodafone Idea paid Rs 2,421 crore and Bharti Airtel paid Rs 977 crore
The new plans come with 2GB free daily data, with free unlimited Jio-to-Jio voice calls
Jio was the only operator to add 7.2 million active subscribers in August 2019
The telco has announced three new plans that come bundled with the 6-paise-per-minute charge imposed on voice calls to other networks, so subscribers will not have pay anything additionally
It also alleges that the move will impact the credibility of the regulator as well as investor confidence
Jio's average revenue per user (ARPU) dip in July-September (Q2) was impacted by better subscriber mix and shift to long-term value packs
Jio's first day first show plan has set off a mad scramble among movie channels
Any change in implementation of original timeline of January 1, 2020 will end the free voice regime and is likely to increase tariffs which is against consumer interest, Jio claimed
Pre-tax profit rises 14% to Rs 15,055 crore, but refining margins disappoint
Customer growth offset impact of ARPU decline
The operating revenue of the company increased by 33.7 per cent to Rs 12,354 crore
On Jio's latest allegations that rival telcos are fraudulently masking fixed-line as mobile calls, a senior Trai official said the matter will be examined just as all complaints to the authority are
In a letter to Trai, it alleged the three firms have allotted mobile numbers as customer care or helpline numbers to companies such as Oyo, Justdial, and Videocon D2H
Bharti Airtel, however, hit back saying Jio is trying to misguide the regulator ahead the consultation on call connect charges
Also in the news on Tuesday: Reliance Jio blasts telecom regulator for its proposal on call connect charges.