Jio phone will be available for an effective price of Rs 0: Mukesh Ambani

NEW DELHI: Reliance Industries Limited (RIL) Chairman & Managing Director (CMD) Mukesh Ambani has said that the Jio phone would be available for an effective price Rs 0 at RIL's 40th annual general meeting (AGM) in Mumbai.

"To protect against misuse of the free #JioPhone offer......we plan to collect a fully refundable, one-time, security deposit of Rs 1,500 with every #JioPhone," he said.

"From 15th August, 2017, all Indians will have access to the highest quality & quantity, affordable & unlimited data," said Ambani.

"This is how Jio will end the digital exclusion in India. And this is what I call true digital freedom," he added.

"Reliance dedicates JioPhone to the nation on the joyous occasion of India@70, 70th anniversary of India's Freedom," said Ambani.

“Reliance democratized the equity culture in the past. Now, Jio will democratize the digital culture in India. Jio will be the greatest accelerator of the Bharat-India connectivity,” he added.

“The JioPhone will be available for user testing in beta from 15th August and for pre-booking from 24th August,” said Ambani.

“From last quarter of 2017, all JioPhones will be made in India. We are targeting to have 5 million JioPhones a week,” said Ambani.

“JioPhone will make the 2G feature phone obsolete. With this, I am sure Jio will set a new world record. JioPhone will make the 2G feature phone obsolete. With this, I am sure Jio will set a new world record,” he added.