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 Friday, March 08, 2013

Mukesh Ambani's Reliance Industries (RIL) is said to have finalized Samsung as a partner to source the Korean conglomerate's long-term evolution (LTE) technology platform for its much-talked about bundled data & voice services over high speed 4G networks across the country.

The game-changer deal that is set to shake up the Indian telecommunications market is not just restricted to Samsung's technology but goes far beyond as Samsung has agreed to offer entry-level 4G smartphones at a little over $100 (about Rs 5,500) for use with RIL's voice and high-speed internet services, said a source close to the deal. A 3G-enabled Samsung phone can be bought for around the same price today. The entry-level smartphones are likely to be sold with data packages starting at as low as Rs 100, said the source, adding that even high-end smartphones will be made available at minimum down-payments and the equated monthly installments (EMIs) will be incorporated in subsequent bills at a 0% interest rate.

Source: The Time of India.