RIL Creates Seven Subsidiaries Apart from Jio to Manage Telecom and Content Business

In its run-up to capture the substantial chunk of the telecom industry revenue in India, Reliance Jio and Reliance Industries Limited (RIL), its parent company has created seven subsidiaries to manage its telecom and content business, informed a highly placed Jio official. The Mukesh Ambani led telco recently made investments in Hathway and Den Networks, buying a significant stake in the two companies to solve its problem of last mile connectivity. As per the official who requested anonymity, the seven subsidiaries which Reliance Industries Limited (RIL) formed include Jio Content Distribution Holdings, Jio Internet Distribution Holdings, Jio Television Distribution Holdings, Jio Cable and Broadband Holdings, Jio Futuristic Digital Holdings, Jio Digital Distribution Holdings and Jio Digital Cableco Pvt. Ltd.

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Seven Subsidiaries to Better Manage Telecom Business

The official remarked about these new subsidiaries, “These subsidiaries would undertake the businesses of broadcasting, broadband internet, wireless, data and hosting services to business and residential, retail customers, cable services distribution, voice over internet protocol and video on demand, among others.”

A mint report informed that according to an analyst creating these many subsidiaries would help Reliance Jio in efficiently managing its content and telecom businesses along with their various segments. An analyst from Mumbai based brokerage said that after creating subsidiaries, like Reliance Industries Limited (RIL) has done in the past; it becomes easier for the company to manage risk and raise capital in the later stages. Further, with RIL’s backing, these companies get a strong foundation, and if they are to be amalgamated back into the holding company, even that becomes feasible, the analyst said.