oor speeds, regular call drops, and poor service are to be blamed for continuous decline in growth.
To elaborate the figures, the subscriber growth has been decreased to less than 50 percent. Further, according to the report from Motilal Oswal demonetization has further decreased the average footfall outside the stores to buy a Jio SIM.
We admit that there is no link between demonetization and Jio SIMs but people now have to stand in queues to exchange or deposit their old invalid currency, which is definitely more important than buying a Jio SIM.
Also, analysts from Motilal Oswal claims that since Jio is unlikely to hit its targetted 100 million subscribers, there is a strong probability that it will extend the Welcome Offer to March 2016.
"RJio had targeted to reach 100m subscriber base by Dec-16. If RJio is unable to achieve this target, there is high probability of extension of the Welcome Offer beyond Dec-16. Channel partners see high risk of subscriber churn post the Welcome Offer, as most subscribers are using Jio as a second SIM to take advantage of free offerings," analysts at Motilal Oswal said.
Poor service, regular call drops, poor voice quality is to be blamed for this decline in our opinion. Further, users have regularly complained about speed drops during last three months.
Earlier, TRAI ordered Reliance Jio to prepone the Welcome Offer to December 3, 2016 at least for the subscription following TRAI's guidelines of 90 days for such offers. Most of the customers use Jio SIM as their secondary SIM just for the free services, While for the regular and primary usage people still tend to opt for other telecom operators such as Airtel, Vodafone, Idea etc.
We set off to get feedback from Jio users and sellers at Reliance Digital stores. Here is what we heard.
Reliance Jio yesterday announced the Happy New Year Offer extending its free services till 31st March 2017.
Keeping in view, disproportionately use of data by some users under Welcome offer, Jio has capped the high-speed-data limit to 1 GB per day per user.
Jio's Happy New Year offer, by extending all its free benefits to March 31, has queered the pitch for incumbents massively
The Jio users continue to get free unlimited voice and data till 31st December 2016.
To be precise, Jio wants to reach up to 80 percent of India's population in order to provide high-speed internet, free calls and SMS.
For manufacturing these feature phones, Reliance Jio is said to be working with Lava International and Chinese original equipment maker.
Jio's unique welcome scheme which gives users free access to voice and data till December 31, 2016, quickly built up a tremendous fan following and also invited protests from fellow operators.
Mukesh Ambani described the situation as "the newbie being ragged by the big boys".
Further, last week reports suggested that if you are planning to enroll to this Welcome Offer then you need to do it before December 3rd, 2016.