Disruptive announcements are becoming a trend at Reliance Industries’ annual general meetings. Last year, RIL announced the commercial launch of free voice and data services in the form of Reliance Jio and this year, the company had once again created waves in the telecom market with the announcement of the JioPhone. As you would probably have read in a million places by now, the JioPhone is “effectively free,” with the company is charging a Rs 1500 refundable deposit for a minimum of three years. This means that to get their money back, Jio users will have to return the JioPhone after three years of usage, before which not refund will be provided.
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