May 22nd, 2020 10:09 AM 7 COMMENTS

KKR to Invest Rs 11,367 Crore in Jio Platforms,

Reliance Industries Limited and Jio Platforms Limited today announced that KKR would invest Rs 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. Over the last month, leading... Read More

April 22nd, 2020 10:38 AM 8 COMMENTS

Facebook Adds Jio as Friend by Investing Rs 43,574 Crore for 9.99% Stake

Reliance Industries, Jio Platforms and Facebook on Wednesday announced the signing of an agreement for an investment of Rs 43,574 crore (US$5.7 billion) by Facebook into Jio Platforms. The investment from Facebook into Jio Platforms will translate to a 9.99% equity stake. Jio Platforms, a wholly owned subsidiary of Reliance provides digital services and currently connects over 388 million subscribers through its Reliance Jio platform. In a release, it was... Read More

April 16th, 2020 4:12 PM 2 COMMENTS

Reliance Industries and Facebook Might Create Multi Purpose App for Users

Reliance Industries and Facebook are planning to create a multi-purpose app for users which will allow them to buy groceries through Reliance Stores, make payment using JioMoney and many more. Not only this, both the companies have hired top consultants and lawyers based in the US to explore all the aspects. Also, it is expected that Facebook will use its WhatsApp platform and leverage the new app by integrating existing... Read More

February 18th, 2020 1:25 PM 0 COMMENTS

Reliance Industries to Merge Media and Broadband Business Into Network 18

Reliance Industries on Monday announced the move to consolidate its media business and distribution spread across multiple entities into a single brand, Network18. Under the plan, the Reliance’s TV18 Broadcast, Hathway Cable & Datacom and DEN Networks will merge into Network 18 Media & Investments Limited. The board of directors of the respective companies approved the scheme of amalgamation and arrangement at their meetings held on Monday. The appointed date... Read More

January 23rd, 2019 6:33 PM 28 COMMENTS

RIL Stake Acquisition Deal in Hathway and DEN Gets Clearance from CCI, Reliance Jio to Fasten FTTH Rollout

Only a few months back, to facilitate last mile connectivity in its fixed-line project, Reliance Jio GigaFiber bought a majority stake in two cable companies DEN Networks and Hathway Cable and Datacom. As per a new report, the Competition Commission of India (CCI) has granted clearance to Reliance Industries Limited (RIL) to acquire the said stake in the two cable companies. Back in October, RIL had claimed 66% stake in... Read More

June 22nd, 2017 4:24 PM 2 COMMENTS

Reliance Industries to Declare Separate Results for Jio: Report

Reliance Industries Limited may formally announce separate results for its telecom venture Reliance Jio Infocomm from the July-September quarter, according to a report in the Economic Times. A company source told the publication that the RIL board would take the final call on this. "The company wants the business to settle down and then report numbers separately. There is no statutory requirement for RIL," he further said. Reliance Jio, which... Read More

April 21st, 2014 11:16 AM 16 COMMENTS

4G : Reliance Jio and ATC India Sign Tower Sharing Pact

Pan India 4G Spectrum holder Reliance Jio Infocomm today sign tower-infra sharing deal with ATC India, one of the leading independent tower companies in India. Under the deal, Reliance Jio would utilize the telecom tower infrastructure of ATC India to launch its services across the country.ATC has a portfolio of 11,000 towers in India. Earlier Reliance JIO also sign tower and Infra sharing deal with Bharti Airtel and Reliance Communications... Read More

December 12th, 2013 2:39 PM 34 COMMENTS

Reliance Jio Infocomm Issued 2.2 Crore Numbers for 4G Mobile and Data Services, Number Series Starts from 70

India's Department of Telecom (DoT) has issued 2.2 crore mobile numbers to Pan India BWA 4G spectrum and license holder Reliance Jio Infocomm (RJIL) which paves way for the company to launch its 4G services. Mukesh Ambani led Reliance Jio Infocomm (RJIL) rapidly deploying its infrastructure across 20 cities initially and set to launch its 4G LTE service for mobile customers over LTE enabled smart-phones as well as Only data... Read More

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