All you want to know about Reliance Jio offer extension

Reliance Jio extension news : Reliance Jio Infocomm has extended the deadline for subscriptions to its paid plans till April 15. As per the latest development, the ones enrolling for Jio Prime by April 15, by paying Rs 99 along with their first purchase of the telecom’s Rs 303 or other plans of higher amounts will get services till June end on a complimentary basis.

Reliance Jio Extension

“Jio’s free service period is coming to an end. Users who do not recharge by the extended date of 15th April will experience degradation and/or discontinuation of services,” Mukesh Ambani, chairman of Reliance Industries said in a statement on the Reliance Jio extension.

“This extension (till April 15) will provide the necessary breathing room for users to avoid service disruption during the transition from free to paid services,” he added.

Mukesh Ambani claimed Jio has already invested over Rs 200,000 crore in its business, and will double its telecom tower network by another 100,000 in the times to come.

Reliance Jio photo

Reliance Jio

“In a way Jio is continuing its free services, which will further negatively impact the industry which is already under great financial stress,” Jaideep Ghosh, partner, management consulting, KPMG India, was quoted as saying in an Economic Times report on the Reliance Jio extension.

“It (the move) is directed towards keeping the subscriber ramp up tempo going because any raising of prices would possibly impeded the take up, Therefore, this helps the take up of subscribers,” Sandip Das, senior advisor, Analysys Mason, who is also a former Jio chief executive, further explained to Economic Times.

On how the Reliance Jio extension will impact the market, Sandip Das added, “For the next 12-18 months, it will be tough time for telcos. At one side they would need to continue to invest in data, but will see their revenue spiral downwards. With rising industry debt level, coupled with lowering of the prices, the finances will be seriously stretched.”

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