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Srikapardhi May 28th, 2016 1:48 PM 6 COMMENTS

Jio to raise up to Rs 750 crore via non-convertible debentures issue

Jio Infocomm, which is expected to launch full-fledged commercial operations by December this year, is preparing to raise up to Rs 750 crore through issuance of redeemable non-convertible debentures on a private placement basis, following last month’s debenture issue of up to Rs 2,250 crore. In a filing to BSE, the telco said , “Pursuant to the approval of the Board of Directors and shareholders, the company proposes to issue... Read More

Imon May 13th, 2016 7:56 PM 17 COMMENTS

Reliance Retail to rebrand Digital Express outlets as Reliance Jio to push LYF sales: Report

Reliance Jio, is set to get more visibility in the market ahead of its commercial launch, as the telco’s sister company, Reliance Retail, will rebrand its 1,500 small-format Reliance Digital Express and Digital Express Mini outlets as Reliance Jio, Economic Times reported. The report said that the retail push strategy comes amid slow sales of Reliance's Lyf handsets. Reliance Jio stores will be the front-end to sell both 4G connections... Read More

Srikapardhi May 9th, 2016 6:36 PM 42 COMMENTS

Jio’s entry can lead to tariff war, but Airtel battle-ready, says MD Gopal Vittal

Bharti Airtel’s managing director of India and South Asia, Gopal Vittal, said that the entry of Reliance Jio, Mukesh Ambani’s telecom venture, could shake up the Indian telecom market, and has the potential to kick-off a tariff war. “We have seen brutal tariff wars over the last 20 years. Today our tariffs are 33-34 paise on voice per minute, which I think is unsustainable. A new entrant coming in with... Read More

Srikapardhi April 23rd, 2016 10:45 AM 72 COMMENTS

Reliance Jio narrows net loss, to spend Rs 60,000 crore this fiscal

Reliance Jio, which is yet to launch commercial operations, has narrowed down its net loss to Rs 11.40 crore during six months ended March 2016, against Rs 15.44 crore net loss in the corresponding six months to March 2015. For the full year ended March 2016, Reliance Jio's net loss remained almost flat at Rs 23.88 crore as against Rs 23.12 crore a year earlier, the company said in a... Read More

Srikapardhi April 16th, 2016 9:52 AM 82 COMMENTS

Reliance Jio to improve quality of digital lives of Indians: RJio Spokesperson

While more and more Indians find their way into the digital life, the right technology can truly accelerate this pace and Reliance Jio is gearing up to bring advanced technologies to India, where the digital scene is marred by the incomplete coverage of network and low data speeds. During an interview on a news channel recently, a Jio spokesperson shared insights on Jio and what the company is working at,... Read More

Tharun G April 12th, 2016 1:15 PM 93 COMMENTS

Jio adds more VoLTE 4G smartphones to official list of supported devices

Reliance Jio has just updated its official list of VoLTE-enabled smartphones that are supported on its 4G LTE network. The latest official list of VoLTE supported devices also includes support for Video call over LTE. Jio has managed to add full spectrum of Samsung's latest 4G devices from entry level ON5 and J5 to the newest flagship Galaxy S7 and S7 edge. Xiaomi's latest smartphones Redmi Note 3 and Mi5, also found its place in the... Read More

Rudradeep Biswas March 31st, 2016 9:25 AM 171 COMMENTS

Reliance Jio to offer 40-80 times faster Internet speed from day one: Mukesh Ambani

Reliance Industries (RIL) Chairman Mukesh said that Jio will start services with 70% coverage of India, and it will offer speeds that are 40-80 times faster than the current Internet speed from day one. The telco would target to expand the high-speed internet coverage in the country to over 90% by 2017, according to Ambani. Speaking here at the inaugural session of Ficci Frames 2016, Ambani said that his group... Read More

Rudradeep Biswas March 24th, 2016 7:53 AM 461 COMMENTS

Reliance Jio may push commercial launch to December: Report

Reliance Jio’s commercial launch of 4G services could be further pushed back to December, as the telco struggles to improve network quality, Bank of America-Merrill Lynch said in a recent note. A delayed launch may spoil the telco's plan to aggressively poach high-end consumers from incumbents – Bharti Airtel, Vodafone and Idea Cellular -- unless it brings down prices. The US brokerage expect Reliance Jio to delay its 4G launch... Read More

Tharun G March 11th, 2016 5:44 PM 61 COMMENTS

Reliance Jio sister company to source lakhs of VoLTE smartphones ahead of 4G launch

Reliance Retail will source three lakh high-end VoLTE smartphones from Chinese handset maker ZTE to support its sister company Reliance Jio’s commercial launch, which is likely to take place soon. According to a report in ET, the retail arm of Reliance Industries Limited is also sourcing VoLTE smartphones from other Chinese original device manufacturers (ODMs) CK Telecom, Wingtech, and Tinno Mobile, which are among the top five ODMs globally. The... Read More

Esmail March 8th, 2016 4:22 PM 4 COMMENTS

Ex-Reliance Jio executive Vivek Jain joins CA Media Digital as India CEO

Former Reliance Jio digital media vice president Vivek Jain has joined CA Media Digital (India) as chief executive officer. He will now report to the board of directors of CA Media Digital, which is an operating business of CA Media LP, owned by The Chernin Group, KKR, and other investors. Prior to joining CA Media Digital, Jain served Reliance Jio for two years. He also worked for Amazon, Google and... Read More

Rudradeep Biswas January 22nd, 2016 6:28 PM 95 COMMENTS

Reliance Jio pan-India launch likely in April, to generate $1.7 bn revenue by 2016-17-end: Brokerage firm

Mukesh Ambani-owned Reliance Jio’s pan-India launch of 4G services will happen by April this year, even as the telco seems set to acquire 23% share of India's non-voice market by the end of its fourth year of commercial operations, according to Morgan Stanley. The brokerage said, in a note to clients, that Reliance Jio, which last month launched 4G services for its group employees, will generate $1.7 billion of revenue by... Read More

Kaur G January 20th, 2016 1:00 PM 17 COMMENTS

Here are the bumps in the road that Reliance Jio might face

Mukesh Ambani-led Reliance Jio has recently launched 4G LTE services for more than 1,00,000 Reliance Group employees, and is likely to launch for consumers very soon. The company is also bringing its own devices under the brand name of Lyf, and they are likely to be available in the market by the end of the month. As the company gets ready for the commercial launch after more than five years... Read More