Reliance Jio ties up with five banks to finance JioPhone Next, aims to sell 5 crore units in six months

Reliance Jio has reportedly tied up with five banks to finance the sales of the JioPhone Next ahead of its launch. It aims to sell up to 5 crore JioPhone Next units in the next six months.

Reliance Industries is set to launch its new Google-backed 4G smartphone JioPhone Next which is on September 10. The JioPhone Next will reportedly be available in two variants -- the Basic variant and an Advanced variant which will be priced under Rs 10,000. Ahead of JioPhone Next’s launch Reliance is working out new strategies. According to a recent report, the telecom giant is tying up with offline stores of smartphone companies like Vivo, Xiaomi, Samsung, Oppo, HMD Global, and iTel, among others for Jio SIM-locked phones for JioPhone Exclusive devices.