Billionaire Mukesh Ambani extended free services being offered by his Reliance Jio Infocomm Ltd. unit, saying the company was working to iron out voice- and data-quality problems to help lure customers from rivals.
Competitors including Bharti Airtel Ltd. and Vodafone Group Plc.’s unlisted Indian unit have also cut tariffs in response by as much as 67 percent and added fourth-generation, or 4G, services in an effort to prevent customer defections. Vodafone said earlier this month that it will write down the value of its unit in India by 5 billion euros ($5.3 billion), and that it won’t proceed with a long-planned initial public offering of the business until at least the end of March.
Users of Reliance Jio are entitled to free calls and data till the end of March, Mukesh Ambani announced today. Here is your 10-point guide to what India’s richest man declared as Jio’s ”Happy New Year Offer”:
- The everything-for-free offer was originally introduced in September and was to last till the end of the year. It has now been extended for three months. This means that anyone who signs up starting Sunday will not pay for voice or data services.