Reliance Jio’s surprise move: Teleco axes popular 5G prepaid plans of ₹395/ ₹1,559. Subscribers see rising costs

  • Reliance Jio shakes up the telecom landscape as it discontinues popular unlimited 5G plans, raising concerns among subscribers about rising costs and potentially triggering a ripple effect in the competitive Indian mobile market.

Livemint
Published6 Aug 2024, 09:24 AM IST
Jio's surprise move: Telecom giant axes popular unlimited 5G plans of  <span class='webrupee'>₹</span>395 and  <span class='webrupee'>₹</span>1559
Jio’s surprise move: Telecom giant axes popular unlimited 5G plans of ₹395 and ₹1559(Bloomberg)

Reliance Jio has announced the discontinuation of its widely opted 395 and 1,559 prepaid plans, leaving many subscribers dismayed. These plans were favoured for their unlimited 5G data offerings and extended validity periods.

Also Read | Reliance Jio emerges world’s largest telco by data usage; Q1 profit up 12%

The decision comes on the heels of a substantial tariff increase by the telecom giant, set to take effect on July 3, 2024. Industry analysts suggest that this move is part of Jio's strategy to boost its Average Revenue Per User (ARPU) and enhance profitability in an increasingly competitive market.

Also Read | Jio vs BSNL: Pre-paid benefits comparison for mobile recharge plans

The now-discontinued 395 plan offered 84 days of validity, while the 1,559 plan provided service for 336 days. Both plans included unlimited 5G data, making them attractive options for heavy data users.

As part of the tariff revision, Jio's base plan will see a 22% increase, rising from 155 to 189. This adjustment reflects the company's shift towards higher pricing, while aiming to maintain its extensive 5G network infrastructure.

Also Read | For Reliance Industries, Jio remains the jewel in the crown

Reliance Jio plans

The price hikes extend across various plan categories:

The base monthly plan, offering 2 GB of data over 28 days, will increase from 155 to 189.

The 1 GB per day plan for 28 days will rise from 209 to 249.

The 1.5 GB daily data plan will increase from 239 to 299.

The 2 GB per day plan will jump from 299 to 349.

Long-term plans have also seen significant price increases. Three-month plans with varying daily data limits (1.5GB, 2GB, and 3GB) will become more expensive. Annual plans have experienced even steeper hikes, with the 336-day plan featuring 24GB daily data seeing a substantial price increase.

The most notable change is in the annual 365-day plan with 2.5GB daily data, which will now cost 600 more than its previous price. It now costs 3,599.

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:6 Aug 2024, 09:24 AM IST
Business NewsCompaniesNewsReliance Jio’s surprise move: Teleco axes popular 5G prepaid plans of ₹395/ ₹1,559. Subscribers see rising costs

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Power Grid Corporation Of India share price

    338.70
    03:50 PM | 26 NOV 2024
    -4.15 (-1.21%)

    Adani Power share price

    437.75
    03:58 PM | 26 NOV 2024
    -9.1 (-2.04%)

    Bharat Electronics share price

    297.80
    03:54 PM | 26 NOV 2024
    5.35 (1.83%)

    GAIL India share price

    193.90
    03:54 PM | 26 NOV 2024
    -5.25 (-2.64%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Laurus Labs share price

    545.00
    03:29 PM | 26 NOV 2024
    12.85 (2.41%)

    Wipro share price

    589.05
    03:58 PM | 26 NOV 2024
    6.3 (1.08%)

    Federal Bank share price

    213.55
    03:51 PM | 26 NOV 2024
    0.55 (0.26%)
    More from 52 Week High

    Poly Medicure share price

    2,775.00
    03:29 PM | 26 NOV 2024
    -227.7 (-7.58%)

    Adani Green Energy share price

    899.40
    03:59 PM | 26 NOV 2024
    -68.25 (-7.05%)

    DCM Shriram share price

    1,160.00
    03:29 PM | 26 NOV 2024
    -67.3 (-5.48%)

    Fortis Healthcare share price

    664.60
    03:59 PM | 26 NOV 2024
    -36.15 (-5.16%)
    More from Top Losers

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Triveni Turbines share price

    824.30
    03:54 PM | 26 NOV 2024
    60.4 (7.91%)

    Capri Global Capital share price

    210.00
    03:29 PM | 26 NOV 2024
    15.35 (7.89%)

    Vodafone Idea share price

    7.53
    03:59 PM | 26 NOV 2024
    0.55 (7.88%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      78,555.00-1,090.00
      Chennai
      78,561.00-1,090.00
      Delhi
      78,713.00-1,090.00
      Kolkata
      78,565.00-1,090.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts