Telecom Sector Q2 Update - JioPhone Next – Throwback To JioPhone Launch: ICICI Securities

Telecom Sector Q2 Update - JioPhone Next – Throwback To JioPhone Launch: ICICI Securities

The logo of Reliance Jio, the mobile network of Reliance Industries Ltd. in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Reliance Jio’s much awaited handset, JioPhone Next, will be available from Diwali (November 4, 2021) on upfront payment of Rs 1,999 and easy instalments across 18/24 months.

Our calculations suggest the price is not disruptive, but comes with rich voice-first features.

Pricing of the underlying services is also comparable, or at a premium to existing tariffs, which supports our argument for an early tariff hike.

Our learning from JioPhone is that RJio will subsequently make the product more attractive with normalisation of the supply chain.

Click on the attachment to read the full report:

ICICI Securities Telecom Sector Q2 Update.pdf
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