logo

Government's Telecommunication Policy Report

   

Added on  2020-03-23

5 Pages1293 Words103 Views
Name: Student Number: Resident Campus: Assessment Title:Lecturer Name:Submitted On:Sources:

IntroductionThis essay is about the real world market and a real world company, and about the upcoming or arecently introduced policy of the government. In this essay we will discuss the possible positiveor negative effects on the real world market and the company from the policy of the government.In this essay we will choose the telecommunication market of India, and the real world companyto be discussed in this essay is Reliance Jio. Within a period of less than a year, reliance jiosuccessfully made a customer base of more than 119 crore[ CITATION The171 \l 1033 ]. The newtelecom policy of India is expected to hit this sector in March 2018 and the changes made in itare capable of stirring the growth of the companies falling in this sector. The newtelecommunication policy is customer centric and the companies are expected to lessen theirrevenues to benefits the customers.Briefly describe the nature and characteristics of the chosen company?Reliance Jio is a telecommunication company, the services of jio commercially came intoexistence on 5th September 2016. The reliance jio is a wholly owned subsidiary of relianceindustries. The reliance jio belongs to the telecommunication sector of India. Thetelecommunication sector of India currently has 12 companies that are providing their broadbandand calling services to the Indian market[ CITATION Rav13 \l 1033 ]. The characteristics of reliancejio are as under[ CITATION Fea17 \l 1033 ]:The reliance jio comes with a absolutely desirable characteristic of free calling to its usersfor a period of 3months or more, if the customer buys a package of Jio.The availability is another major characteristic of Jio. It has tied up with 20 major smartphone companies, which is a very large number by any company in India.Jio provide its users different applications, such as Jio Security to safeguard mobile data,Jio Cinema to entertain customers, Jio Bank to pay electronically etc.The Reliance Jio has not limited itself to the mobile sim but it has also introducedDongles for a very low price of 1999rs. The Reliance Jio offers very economical plans to the students. The students by providingtheir student ID’s can get 25% more data. Market Structure of the chosen market? The market structure of the telecommunication market is that of oligopoly. Oligopoly is that typeof market where there is a small number of sellers selling almost identical goods to a largenumber of buyers with having some power of influencing the price of the products[ CITATION

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Demand Determinants of Reliance Jio and Tomato Prices: A Microeconomic Analysis
|15
|3054
|130

Reliance JIO: A Case Study on Strategic Project Time
|13
|3341
|182

Reliance Communications Marketing Stratergy
|30
|6919
|741

Entrepreneurship Research Report 2022
|7
|1882
|26

Reliance Jio: A pioneer in the telecommunications sector
|14
|3258
|315

Business Decision Analtyics Assignment
|5
|817
|18