By Reuters |
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging.
The video streaming pioneer said in March that it was testing a Rs 250 ($3.63) monthly subscription for mobile devices in India, where data plans are among the cheapest in the world.
"We believe this plan ... will be an effective way to introduce a larger number of people in India to Netflix and to further expand our business in a market where Pay TV.....
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