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Reliance Industries has announced that it would be offering not just high speed data but voice services as well.
This is the first time the company, which before the Group’ division was one of the pioneers in cheaper call rates when it had launched CDMA telephony under Reliance India Mobile brand, has expressed its intention to enter the Indian voice space, which has the cheapest call rates in the world.
Reliance Jio has already applied for participation in the spectrum auctions for the 900/1800MHz bands, slated for early February.
Reliance Jio is the only Indian company to have nationwide 4G spectrum acquired for over Rs. 12,000 crores in the 2010 spectrum auctions.
The company is running trial of products, including phone and TV services that it plans to provide through 4G network. It will provide outdoor customer premise equipment (CPE) that will connect to its mobile towers.
The entry of Reliance into the spectrum auction arena had a debilitating impact on incumbent players, whose stocks tanked on fears they will have to shell out much more money due to rising competition, leading to widening of already high debt levels.