Jio's new unlimited plan comes with 3 months validity

12 July, 2017, 11:19 | Author: Becky Perry
  • Jio's new unlimited plan comes with 3 months validity

On the other hand, Rs 399 pack now offers 90 GB data at 1 GB data per day for 90 days as against 30 GB data for 1 month; Rs 509 pack now offers 120 GB data at 2 GB data per day for 60 days as against 60 GB data for 30 days. If a user opts for the Rs 309 plan, they will get 56GB of data for two months at 1GB data cap per day.

Reliance Industries gained 1.39% during the early morning trade on Wednesday, on the BSE as its subsidiary Reliance Jio Infocomm announced the revision of its subscription plans.

Though the charges have been hiked, Jio officials are confident that their average revenue per user (Arpu) would increase as most consumers who had opted for Rs 309 plan in April would now recharge for Rs 399 to maintain the data pack's 84-day validity.

The "Dhan Dhana Dhan" offer by Jio is on the verge of ending. All this will be valid for a period of 56 Days (28 + 28). These plans provide 20% more value than competitors' best plans.

Cambria Investment Management LP Has $864000 Position in Francesca's Holdings Corporation (FRAN)
Menta Capital LLC owned about 0.18% of Francesca's Holdings Corporation worth $1,046,000 as of its most recent SEC filing. Teachers Advisors LLC boosted its stake in shares of Francesca's Holdings Corporation by 8.2% in the fourth quarter.


The Mukesh Ambani-owned firm has also unveiled new plans - the most lucrative one being 84GB offer for 84 days for ₹399. This means that user get 10GB for first 28 days and 10GB for the next 28 days. The company has extended their existing plans by increasing the validity and data at the same price.

Earlier this year, in the month of March, Jio introduced JIO PRIME membership program.

Bank of America Merill Lynch, in its latest report, termed Jio's new tariff plans as "directionally positive" for the telecom sector as the operator "is reducing its discounts and raising implied tariffs". "The move is largely on expected lines". It provides some breather (not relief) to the industry that has been reeling under the Jio promotion onslaught; industry's quarterly net revenues have come down 25% plus in the past three quarters. Along with this, as the company had promised earlier, all calls and SMSs on Jio network will be free of cost.

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