Ambani launches Jio phone “for an effective price of Rs 0”

Ambani launches Jio phone “for an effective price of Rs 0”

Reliance Industries chairman Mukesh Ambani on Friday reportedly launched 4G-enabled ‘Jio phone’ at the company’s 40th annual general meeting in Mumbai. Ambani, India’s richest man, reportedly said, “The Jio phone would be available for an effective price Rs 0.” While announcing that voice will always be free on the Jio phone, Ambani reportedly said, “Jio will give them access to unlimited data on the Jio phone.” However, Customers would be required to pay a refundable security deposit of Rs 1,500 for three years, “for security reasons”.

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