Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has cut the price of its 4G mobile handset JioPhone by over 50 per cent to Rs 699 for the ongoing festive season. The company claimed that nearly 7 crore 2G users have been on-boarded on JioPhone platform since its launch. It is targeting around 35 crore such customers.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.