Global financial services firm Morgan Stanley expects the highly-anticipated Reliance Jio services to grow to a whopping 40 million subscribers in India, by the next fiscal and add $2 billion in revenues, with a positive cash flow by 2019-20 respectively.
Morgan Stanley Research stated, “We expect Reliance Jio to generate more than $2 billion revenues in 2017-18 with revenue market shares of 2 per cent in voice and 19 per cent in data, leading to a 6 per cent overall revenue market share.”
Reliance Jio 4G preview offer, which was initially only available for LYF smartphones, has now been extended to other smartphone brands as well. The company’s 4G-LTE services include unlimited HD Voice and video calls along with unlimited SMS and high-speed data and a host of Jio premium apps such as JioPlay, JioOnDemand, JioBeats, JioMags, JioXpressNews, JioDrive, JioSecurity, and JioMoney.
The company has extended the preview offer to most smartphone brands in India which include Samsung, Micromax, Karbonn, Lava, Xolo, LG, Gionee, Panasonic, ASUS, Yu, TCL AND Alcatel. However, the company has not yet released a statement regarding an official launch but it is expected to have a commercial launch soon.