Intensifying the competition in the telcom sector, Mukesh Ambani launched his ambitious Reliance Jio 4G service with a slew of blockbuster offers.
He literally dropped a bomb by promising the lowest data rates in the world and announced free voice calling, zero roaming charges which will forever change the face of India's telecom industry. As usual, social media was abuzz with reactions with people going gaga over the announcements and many appreciated Jio's disruptive plans.
Here is how Twitterati reacted to the news:
August was about RIO and September is about JIO! #RelianceAGM— [email protected]! (@cherrysai1996) September 1, 2016
voice calling free, only data will be charged on #JioDigitalLifeits biggest revolution in mobile industry @upadhyayumesh @theRohitBansal— Brajesh Misra (@brajeshlive) September 1, 2016
#RelianceAGM Itni Shakti hamein dena "DATA", Reliance pe vishwas kamjor ho naa...— Tapas Kar (@seektk) September 1, 2016
#RelianceAGM 50 a gb to 25rs a gb , yaar petrol price se bhi kam 1litre = 70rs— praveenvenkat (@praveen_venket) September 1, 2016
AAP supporters must be in dilemma. Should we buy Reliance Jio sim because it's cheap or should we not because wo Ambani ka hai.— Sagar (@sagarcasm) September 1, 2016
Within a few hours of the launch, Ambani's game-changing plan took other telecom companies by storm and considerably whacked their shares. Shares in India's largest wireless carrier Bharti Airtel Ltd fell as much as 9.1 percent, while third-biggest Idea Cellular slid up to 9.3 percent by midday.
And people couldn't help but imagine how this telecom war would span out
Ambani's 45-minute speech cost Bharti, Idea Rs 11,983 crore.— Animesh Lodha (@animeshlodha) September 1, 2016
Mukesh Ambani will now become BillGates of IndiaAirtel,Idea,Vodafone,Bsnl & others will become Vijay Mallya of India#RelianceAGM #NewEra— SRKs Batman (@Iam_Ineffable) September 1, 2016
#RelianceAGM should have been 'A' certified. Mukesh Ambani screwed every other cellular operator on national TV!— Harjeet S. Gulati (@harjeetgulati) September 1, 2016
Some wondered about all this hype and were skeptical if this would actually work out
Always remember. If a product is free, it's not.— Shakti Shetty (@Shakti_Shetty) September 1, 2016