The inbox earpods with the newly launched iPhone7 come with a lightning port and an adaptor to the 3.5mm jack. Key benefits include: 1) saving space in the phone: The 3.5mm jack is over 50 years old and doesn’t do much besides carrying an audio signal. It needs its own power amplifier and digital audio converter, which can be built into headphones, so removing the jack makes room for other things, such as a second speaker. iPhone7 has included a lightning-to-3.5mm adapter for a transition period. However, as the 3.5mm jack itself already suffers from some audio degradation and an adapter would make this worse, we think consumers may opt to purchase headphones that use
Greenfield 4G LTE Telecom Operator Reliance Jio Infocomm has been aggressively negotiating deals to create an affordable 4G LTE SmartPhone eco-system. As a 4G only operator Jio is pushing the improvement of 4G smartphone in India. Apart India’s 2 biggest handset companies (by market share) Samsung and Micromax, Jio is also working closely with almost all handset companies to not only have their own branded phones but also ensure other companies come up with their own smartphones.
The company is looking for 4G phones to be priced between Rs 5,000-25,000. Jio would need a 5 band phone which works on 900, 2100 bands along with 800,
Few countries offer both TD and FDD simultaneously – US and Sweden are the two markets. LTE ecosystem is well developed across multiple bands ranging from 800/900/1800/1900/2100/2500/2600MHz. In fact, 2300MHz doesn’t appear to be a very popular band amongst the sample set of 18 countries.
LTE was launched on an average seven years after 3G launch and when data contribution to revenue averaged ~27%. Assuming Reliance Jio’s launch by end of CY15, the data contribution in India would be ~20%. While it may seem slightly early, we believe the key is the development of the right
India’s leading Integrated Telco, Airtel is doing the right thing by launching services before competition kicks in and trying to get users on its 4G network to maintain market share. However, Reliance Jio’s entry will increase the competitive intensity, putting pressure on data tariffs.
Reliance Jio Infocomm commercial launch will be around December 2015 as we had predicted, covering 80% of India’s population. Offerings will include voice, high-speed broadband, digital commerce, media and payment services. Over the last few months, Airtel has been ramping up
Reliance Communications (RCom) has already entered into three infrastructure sharing deals with Reliance Jio Infocomm – Inter-city optic fibre for Rs12 bn on-time payment, Tower sharing for Rs120 bn over the tenure of the agreement and Intra-city optic fibre for unspecified amount.
Till the time Reliance Jio’s own network coverage is wide enough, it is possible that RJio makes use of RCom’s network for voice in areas where its LTE network is yet to reach. In our analysis, such a deal
Reliance Jio Infocomm in a press release said,
There are several mobile phones and devices available today which have the capability to operate both TD-LTE and FD-LTE technologies in 1800MHz and 2300MHz bands as well as conventional 2G / 3G networks. Rapid strides in global LTE rollouts and introduction of several new chipsets is making LTE enabled smart mobile phones and devices affordable. In any case, Wi-Fi enabled 2G/3G device can access RJIL’s services through an
The 1800Mhz Spectrum Auction comes to an end with Reliance Jio Infocomm winning 14 out of the 22 Circles. R-Jio has won 5MHz-7MHz of 1800MHz spectrum in 14 circles for a total investment of ~Rs111bn. We believe it would look to complete the pan-India footprint in 1800MHz (to be used for 2G voice) through acquisition Videocon Telecom.
The Circles where Reliance Jio has bid and won the Spectrum complement the circles where Mukesh Ambani backed Videocon Telecom has already secured
Forget the Hype Regarding Reliance Jio Infocomm 4G LTE as the spectrum the latter has is not as efficient compared to what Reliance Communications [RCom] has. RCOM already has 800, 1800 and 2100 in various circles. RCom’s 5MHz in 800 Band is contiguous in most key circles including Delhi and Mumbai and with steady progress of the 800 LTE ecosystem globally (such as South Korea). RCom is already using this spectrum to offer EVDO Wireless Broadband which has been contributing significantly to its bottom line. Reliance Jio Infocomm could fall back upon RCom to offer LTE provided regulations permit Spectrum Sharing.
Successful Deployment of 800 MHz Spectrum Band for 4G LTE
The Korean telcos use 850MHz (Band 5) for LTE. Uplink frequency is 824-849MHz and downlink
65% Anil Ambani owned and Managed Reliance Communications is under Deep Trouble with debt levels continuing to be high (net debt to EBITDA of more than 5x) despite consistent free cash flow generation. The management has not shared any insights on asset monetization in the pipeline to reduce leverage. RCom has signed Tower Sharing and Inter-City Optical Network Sharing Deal with Reliance Jio Infocomm. In this backdrop, we analyze how Reliance Jio Infocomm will eventually takeover Reliance Communications.
In the Recent Past, RCom’s capex is a fraction of
The Apple iPhone 5C is essentially the iPhone 5 but with plastic casing in multiple colors—it’s really not 2 new phones. It is priced at $99 for the 16GB WITH A 2-YEAR CONTRACT, the same price the iPhone4S was lowered to last year when the iPhone 5 was released. From this, one might conclude that the 5C is a way for them to be able to discount the 5 with reduced cost. On the Apple website, the 5C is priced at $549, typical pricing from Apple but well above our prior estimate. It is worth noting that the iPhone 5C supports more LTE bands than any other phone in the world, suggesting it will support TD-LTE. While China Mobile was not announced today, it will likely come in future.
Apple iPhone 5S was very much as expected, including a fingerprint reader aimed at passcodes, better camera, new processor. No mention of mobile wallet was made. The 5S is priced along