Reliance Jio's Affordable Smartphone Might Increase Subscriber Base

JioPhone offers and much-awaited low-cost smartphones are likely to help Reliance Jio to gain more subscribers and market share as per JM Financial report. The report also suggests that the delay in increasing prices is not going to affect the company's average revenue per user (ARPU). Additionally, the Financial services group said that Reliance Jio's subscriber addition was not that good in FY21 due to the spectrum issues and increased data demand.

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