New Delhi: Reliance Industries chairman Mukesh Ambani today announced the launch of a new JioPhone, offering life-long free voice calls bundled with 4G data streaming at an “effective price of zero".

Here’s what comes with a Reliance JioPhone:

■ The 4G feature phone will be available for pre-booking from August 24 on payment of a refundable security deposit of 1,500.

■ This Rs1,500 deposit will be refunded after 36 months on return of the phone so that the price of the phone will be “effective zero".

■ The phone features include calls and text messaging on voice command, Internet surfing and cable to connect the device to TV to view content, including videos. “JioPhone will make the 2G feature phone obsolete," Ambani claimed, adding that the company is looking to bring 5 million phones to the market a week.

■ The JioPhone will be available for user testing in beta mode from 15 August and for pre-booking from 24 August.

■ Reliance Jio, the fourth-generation telecom arm of Reliance Industries, will provide unlimited data on the phone for Rs153 per month. Jio, he said, already has 125 million users since its launch in September last year.

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