Telecommunications giant Reliance recently unveiled its future plans (some of them are related to Reliance Jio). The company hinted towards the significant changes that they will be bringing about in their approach to the market. Reports suggest that RIL Chairman Mukesh Ambani will be making a significant announcement at an event scheduled at 1:30PM today. This will be broadcasted on numerous social media platforms including YouTube, Twitter and Facebook.
Another LYF feature phone
If rumours are believed to be true, there is a high possibility that Mukesh Ambani might just announce a new, LYF smartphone flagship with 4G capability. Several reports suggest that the smartphone will be called LYF Easy and will be priced as low as Rs 1500. The smartphone may offer VoLTE capability among other features.
In the wake of demonetization, a payment bank
Reliance is already catering to the digital payment segment through its e-wallet, Jio Money. However, the company has never truly promoted this as their commercial offering. Given the current circumstances of recent demonetisation, there are chances that RIL may just launch a payments bank. A payments bank would have all services that a traditional bank offers. The only difference being its credit facility.
Stark enterprise offerings
Mukesh Ambani had already hinted towards some enterprise solution when he first announced Reliance Jio back on September 1. Different factors of the market such as networking, wireless, wireline, fibre and cable networks are some places that the company will be targeting with their robust solutions.
Either way, there is a lot to expect from this afternoon’s announcement. Stay tuned to find out more.