Airtel lures customers with Rs 1649 offer for Intex Aqua LIONS N1

Airtel 4G Smartphone

Under Airtel's "Mera Pehla Smartphone" initiative, Intex now offers three smartphones, Aqua S3, Aqua A4 and an all-new Aqua Lions N1. The telecom operator very recently partnered with another homegrown smartphone maker - Karbonn to launch A1 Indian and the A41 Power for Rs 1,799 and Rs 1,849 - "effectively at the price of a feature phone". Whereas customers buying the Intex Aqua A4 and Aqua S3 will have to make a down payment of Rs3,499 and Rs 5,879 respectively.

Intex's three devices will be sold to Airtel customers for a cashdown payment, on which the No 1 phone company will give cashbacks over three years on condition that those opting for these 4G devices would need to recharge their phones with a minimum pack every month over next three years. It will bring the effective price of the Aqua Lions N1 to Rs 1,649, the Aqua A4's price to Rs 1,999 and Aqua S3's price to Rs 4,379. The new smartphones are available at an effective price tag of as low as Rs 1,649. With the Rs. 1,500 cashback, the effective price of the Aqua S3 drops to Rs. 4,379 and the Aqua A4 costs Rs. 1,999. After 18 months, the users will get a cash refund of Rs. 500 and another Rs. 1,000 will be refunded after the completion of 36 months, taking the total benefit to Rs. 1,500.

To become eligible for cashback, users will have to recharge with Airtel's Rs 169 monthly pack, consecutively for 36 months. However, to claim the cash refund benefit, recharges worth Rs 3,000 must be done within the first 18 months (to claim the first refund installment of Rs 500) and another Rs 3,000 over the next 18 months (to claim the second refund installment of Rs 1,000).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM . Jackson Wealth Management LLC acquired a new stake in shares of QUALCOMM in the first quarter valued at $2,093,000.

If the customers do not want to recharge with Rs. 169 plan, they have the flexibility of doing recharges of any denomination.

Intex Aqua Lions N1 is a dual SIM 4G smartphone, powered by a MediaTek chipset. It is backed by a 1750mAh battery and is powered by a 1.3 GHz Quad-core processor with 1GB RAM and 8GB ROM. Offering an external storage support up to 64GB, it has a 5MP rear camera and a 2MP front facing snapper. The smartphone has 8GB built-in storage, expandable up to 128GB via a microSD card. Likewise the Aqua Lions N1, Rs 1500 will be refunded back to the customer - in the similar manner.

Airtel is aggressively expanding its partnership with domestic handset manufacturers to launch smartphones under 'Mera Pehla Smartphone' initiative. The other specs include 16GB of expandable storage, an 8MP rear camera, a 5MP selfie shooter with an LED flash, VoLTE and a 2,450mAh battery. "It comes with a 5" HD IPS display and is powered by 1.3GHz quad- processor. All the three smartphones run Android 7.0 Nougat and comes preloaded with apps such as MyAirtel App, Airtel TV, Wynk Music.

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