Reliance’s Jio Bharat V2 phone can create upheaval in the telecom industry, the reason will surprise you

Jio Bharat V2 Phone: Recently Reliance Jio launched a new phone in the country. Now a new discussion has started in the market about it. Analysts in the telecom sector believe that Reliance Jio’s ‘attractively priced’ Internet-enabled phone will play an important role in increasing the company’s market share and also reduce the possibility of tariff hike in the near term. Jio on Monday announced the launch of ‘Jio Bharat’ phone for Rs 999. With this, a monthly plan of Rs 123 has been introduced, in which apart from unlimited voice calls, customers will also get 14 GB data. Through this, Jio has tried to target 25 crore customers using 2G phones. JP Morgan said in a comment on Tuesday that this game-changing move by Jio could stop the process of increasing the rates of 2G services.

Company’s stake will increase

Apart from this, it will also help in increasing the share of Jio in the basic telecom service segment. Morgan said that we are of the view that this will prove to be negative for Bharti Airtel as the expectation of increase in tariff rates in the next 12-18 months should end. At the same time, MK said in his statement that Jio Bharat Phone is in a much better position to disrupt the market than the original Jio Phone that came in the year 2018. He said that Jio Bharat Phone can be adopted by more than 100 million customers if there is no supply chain or performance issue. Vodafone Idea and Airtel have 103 million and 111 million customers for 2G respectively. If even 40 percent of these customers choose Jio Bharat, the mobile revenue of these two companies could be affected by 11 percent and eight percent, respectively.

they will be harmed

Along with this, MK believes that the introduction of this affordable phone will also delay the increase in tariff for 2G services. If this happens, Vodafone-Idea will have to suffer the most. Jefferies has not considered this phone of Jio as good in terms of fee hike, saying that it may soon consolidate the Indian telecom market between the two companies. According to Jefferies, after the launch of Jio Bharat Phone, Jio can get 2-22 million customers annually, due to which Bharti Airtel’s income can be reduced by 1-2 percent by the year 2024-25. The most important thing about Jio Bharat V2 is that a total of 22 languages ​​have been supported in it. Because of this, a person speaking any major language of the country will be able to work in it easily.