Reliance Communication Jio is likely to launch its much awaited 4G feature hand set phone priced as low as Rs 500, a media report said, which would further stiffen competition in the telecom sector which Reliance Chairman of Mukesh Ambani’s venture has already disrupted.
An HSBC analyst has reportedly said in a research note that the
smartphone will be Rs. 500, and many expect the Jio feature phone to be
unveiled on July 21, the day of the Annual General Meeting (AGM) of Mukesh
Ambani's Reliance Industries Limited.

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