The logo of Reliance Jio reveals more than meets the plain eye. It is actually a mirror image of the word 'oil', a sign of what company seeks to find in its new foray into telecom.For Reliance chairman Mukesh Ambani data is the new oil. It shows India's smartphone penetration is lower than most other developing countries such as China, Brazil, Nigeria and Indonesia. Ambani will hasten this transition with JioPhone, a feature phone with essential benefits of a smartphone.Mobile phone companies body Indian Cellular Association calls it a disruptive move that will expand scope of 4G technology in the country. "It is a very well crafted package to enable entry-level subscribers to step into the digital data revolution.

Source: Economic Times July 25, 2017 09:00 UTC