Reliance rattles Indian telcos again by unveiling ‘free’ 4G phone

By Promit Mukherjee and Sankalp Phartiyal – Despite Jio’s rapid rise, funded by mega-profits churned out by parent Reliance Industries’ (RELI.NS) core refining and petrochemicals operations, it has been unable to tap more than 500 million non-smartphone users in India, who still rely on old feature phones to make calls and send text messages, as its network only supports 4G-enabled phones.

Reliance sees the new handset, named JioPhone, allowing it to target India’s entire mobile market for the first time. more> https://goo.gl/bmB5N6

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