Reliance Jio offers 100 per cent cashback on Rs 399 recharge this Diwali; new telecom tariff war begins | The Economic Times

Weeks after Trai effected a drastic cut in interconnect usage charge (IUC), the Reliance Jio offer is likely to set off a new tariff war in the Indian telecom sector.

Yesterday, India’s No 1 telecom player AirtelBSE 2.86 % has partnered with Karbonn Mobiles to sell 4G smartphone at an effective price of Rs 1,399, undercutting Jio’s 4G featurephone priced at Rs 1,500, through an initiative called ‘Mera Pehla 4G Smartphone’.

The phone – Karbonn A40 Indian with a retail price of Rs 3,499 – will be sold for an upfront payment of Rs 2,899. Airtel will give cash back of Rs 1,500 to buyers of the phone over three years.

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Jio Diwali Offer: Reliance Jio all set to unleash a brand-new price war today.