<div align="justify">Around 90 per cent of Reliance Jio users are estimated to have subscribed to its promotional Prime membership plan, as per a report by Bank of America Merill Lynch.<br /><br />Around 76 per cent are ready to continue using Jio's service once the promotional period ends, it added.<br /><br />"80 per cent of users have only one Jio SIM...90 per cent are Prime members, 84 per cent claim to have paid Jio the monthly top-up as well," the report said.<br /><br />It said 84 per cent of these Jio users have paid monthly top-up with majority of them choosing Rs 303 or Rs 309 pack.<br /><br />Jio is offering 1 GB of 4G data per day and unlimited voice calls under Rs 303 and Rs 309 schemes.<br /><br />"Interestingly, we note that only 5 per cent of surveyed users are using LYF phones with 40 per cent and 7 per cent using Samsung and iPhone respectively," the report said.<br /><br />BoFAML conducted a survey of around 1,000 users mid-June who were using Jio as a primary SIM to better understand consumer perception and usage after end of its free service.<br /><br />"We note that these users are not a representative of the entire market as this was an online survey targeting mainly mid-to-high end users and these users are predominantly using Jio as primary SIM," the report said.<br /><br />As per latest report published by the telecom regulator Trai, Jio had over 112 million subscribers at the end of April.<br /><br />Around 68 per cent of the surveyed Jio users said that they have negotiated with their incumbent telecom operators and have got around 10-40 per cent cheaper tariffs.<br /><br />BofaML said a partial impact may be felt in the upcoming quarter on incumbents but the overall magnitude would not be high.<br /><br />"Bharti Airtel remains our preferred pick in Indian telcos as we find company best placed to compete with Jio at high-end and benefit from market consolidation at the low- end," the report said.<br /><br />Around 41 per cent Jio users are still finding it difficult to connect calls with other networks and hope that it will improve gradually.<br /><br />"We expect Jio to fix this by deploying more sites to improve its coverage and consider Bharti Infratel to be a key beneficiary from this deployment as it has towers at critical locations. Jio has guided to have 2 lakh sites in next 12 months from current 1.1 lakh sites," the report said.</div>
<div align="justify">Around 90 per cent of Reliance Jio users are estimated to have subscribed to its promotional Prime membership plan, as per a report by Bank of America Merill Lynch.<br /><br />Around 76 per cent are ready to continue using Jio's service once the promotional period ends, it added.<br /><br />"80 per cent of users have only one Jio SIM...90 per cent are Prime members, 84 per cent claim to have paid Jio the monthly top-up as well," the report said.<br /><br />It said 84 per cent of these Jio users have paid monthly top-up with majority of them choosing Rs 303 or Rs 309 pack.<br /><br />Jio is offering 1 GB of 4G data per day and unlimited voice calls under Rs 303 and Rs 309 schemes.<br /><br />"Interestingly, we note that only 5 per cent of surveyed users are using LYF phones with 40 per cent and 7 per cent using Samsung and iPhone respectively," the report said.<br /><br />BoFAML conducted a survey of around 1,000 users mid-June who were using Jio as a primary SIM to better understand consumer perception and usage after end of its free service.<br /><br />"We note that these users are not a representative of the entire market as this was an online survey targeting mainly mid-to-high end users and these users are predominantly using Jio as primary SIM," the report said.<br /><br />As per latest report published by the telecom regulator Trai, Jio had over 112 million subscribers at the end of April.<br /><br />Around 68 per cent of the surveyed Jio users said that they have negotiated with their incumbent telecom operators and have got around 10-40 per cent cheaper tariffs.<br /><br />BofaML said a partial impact may be felt in the upcoming quarter on incumbents but the overall magnitude would not be high.<br /><br />"Bharti Airtel remains our preferred pick in Indian telcos as we find company best placed to compete with Jio at high-end and benefit from market consolidation at the low- end," the report said.<br /><br />Around 41 per cent Jio users are still finding it difficult to connect calls with other networks and hope that it will improve gradually.<br /><br />"We expect Jio to fix this by deploying more sites to improve its coverage and consider Bharti Infratel to be a key beneficiary from this deployment as it has towers at critical locations. Jio has guided to have 2 lakh sites in next 12 months from current 1.1 lakh sites," the report said.</div>