Airtel offering 4G smartphone for Rs 2,899

Looking to take on Reliance Jio in the handset space, the country’s top telecom operator, Bharti Airtel, has partnered Karbonn Mobiles to offer a 4G smartphone at an “effective price” of Rs 1,399. In a dig at Jio’s Rs 1,500 4G-enabled feature phone, the Sunil Bharti Mittal-led company said its smartphone would be made available for the price of a feature phone. Airtel said this was the first of several partnerships it plans with handset manufacturers to bring affordable bundled 4G smartphone options to its customers. In July, Jio had announced a 4G feature phone for a security deposit of Rs 1,500, returnable at the end of three years for a full refund, making the device virtually free for consumers. “A customer needs to make a down-payment of Rs 2,899 for the 4G smartphone and make 36 continuous monthly recharges of Rs 169 each. The customer will get a cash refund of Rs 500 after 18 months and another Rs 1,000 after 36 months, taking the total cash benefit to Rs 1...