Jio Launches Plan At Rs 198 Per Month For Fixed Broadband Services
Stepping up the fight in fixed broadband segment, Jio on Monday introduced its entry level broadband plan at a price as low as Rs 198 per month.
The plan, named Broadband Back-up plan, will come with top internet speed of 10 megabit per second.
Earlier, the minimum price for availing Jio Fiber connection was Rs 399 per month.
The company has also provided an option to upgrade the internet speed to 30 mbps or 100 for 1 to 7 days by paying in the range of Rs 21 to Rs 152.
"...we at Jio understand the customer's need to remain connected round the clock with dependable broadband connectivity at home. With JioFiber Backup, we want to offer alternate reliable broadband connectivity for homes. This new concept of a back-up connection allows homes to have an alternate broadband connectivity with an assured supply of data at an affordable price," Jio spokesperson said.
Jio now leads the fixed line connection segment with 84 lakh customers accounting for 30.6 per cent market share.
A new customer will need to pay Rs 1,490 for the service which comprises five month of usage and installation charges.
Recently, Jio's rival Bharti Airtel made changes in pre-paid and postpaid mobile phone tariff.
While Airtel increased entry level price in the pre-paid segment, it bundles postpaid plans with high amount of data, unlimited 5G data use etc. to woo high ARPU (average revenue per user) generating customers.
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more