June 19th, 2020 10:28 AM 0 COMMENTS

Raising Funds for Jio Helped Reliance Industries Go Debt Free

Reliance Jio has been raising funds for quite some time now. It all started with an investment from Facebook. Courtesy of all the fundraising, Reliance Industries Limited (RIL) has gone debt-free. But it isn’t just the investments, but also the rights issue from the company which has helped it go debt-free. Reliance Industries Limited’s rights issue is considered as one of the biggest issues rights issue in the world by... Read More

June 18th, 2020 6:24 PM 2 COMMENTS

Reliance Jio Platforms Attracts Rs 11,367 Crore Investment from Saudi Arabia’s Public Investment Fund

Reliance Jio Platforms is continuing to attract global investors to achieve the Digital Society vision for India. The largest telecom operator of India has announced an investment of Rs 11,367 crore by The Public Investment Fund (PIF). With the Investment, PIF will acquire 2.32% stake in Jio Platforms on a fully diluted basis. The investment by PIF value Jio Platforms at an equity value of Rs 4.91 lakh crore and... Read More

June 18th, 2020 7:10 AM 3 COMMENTS

Prepaid Plans from Bharti Airtel and Reliance Jio Offering 2GB Data per Day

Customers love the 1.5GB daily data plans. But for some, it is just not enough. That is why the telcos also offer 2GB daily data plans. There are various prepaid plans from Bharti Airtel and Reliance Jio which offer 2GB daily data. There are plans which come with a validity of fewer than 100 days and then there are plans which come with a validity of up to one year.... Read More

June 17th, 2020 4:35 PM 28 COMMENTS

Reliance Jio to Cross 500 Million Subscribers by 2023; 48% Subscriber Market Share by FY25

Mukesh Ambani-led Reliance Jio will continue its growth momentum in the country and will cross 500 million mobile subscribers mark by financial year 2023, which will further touch 569 million in FY25 and 609 million in FY28, Bernstein said in a report released on Wednesday. The 4G telecom operator’s subscriber base stood at 388 million in FY20. Bernstein said that if Vodafone Idea is forced to close, Jio's subscriber share... Read More

June 16th, 2020 6:39 PM 0 COMMENTS

Oppo R15 Pro, Find X Series Among Devices Scheduled to Receive VoWi-Fi Update in India

The list of Oppo smartphones eligible for Voice over Wi-Fi (VoWi-Fi) update in India was released by Oppo on Tuesday. According to Oppo, R15 Pro and Find X series are among the devices that are scheduled to receive the VoWi-Fi Update by the end of July. The VoWi-Fi enables devices to latch onto the user’s WiFi connection for voice calls and thereby eliminating the need for complete mobile signal. Reliance... Read More

June 13th, 2020 11:00 PM 2 COMMENTS

Jio Platforms Gets New Investments from TPG and L Catterton: Everything You Need to Know

Reliance Industries Limited, today announced an investment of Rs 1894.50 crore by L Catterton, one of the world’s largest consumer focused private equity firms. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. L Catterton’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. Besides L Catteron, TPG also... Read More

June 10th, 2020 10:39 AM 0 COMMENTS

Reliance Jio to Offer Amazon Prime Subscription to JioFiber Users at No Extra Cost

Reliance Jio offers a JioFiber Set-Top Box. It allows users to stream from many of the major OTT content platforms. Much recently, JioFiber STB got the Amazon Prime Video app. Users of the STB are really happy to see Jio introducing one of the biggest and most demanded OTT content platforms. JioFiber users are going to get a one-year free subscription of Amazon Prime Video if they have a JioFiber... Read More

June 8th, 2020 7:04 AM 0 COMMENTS

Reliance Jio Offering 4 Hotstar Data Add-Ons With Up to 240GB Benefit

Reliance Jio is never at the back seat in terms of launching plans with new benefits. Its rival, Bharti Airtel has been offering a Rs 401 data plan with Disney+ Hotstar VIP package. The telco just launched its new plans, but that’s not all. Jio has also introduced four Hotstar data add-on packs as well. With the newly introduced Disney+ Hotstar data add-on packs, users can get up to 240GB... Read More

June 6th, 2020 11:37 PM 34 COMMENTS

Reliance Jio Launches Rs 2,599 Annual Plan With 740GB Data and Disney+ Hotstar VIP Subscription

After teasing it for more than three days, Reliance Jio has finally announced new prepaid plans bundled with Disney+ Hotstar VIP subscription to compete with Bharti Airtel. Unlike Airtel which is providing Disney+ Hotstar VIP membership with just its data add-on pack of Rs 401, Reliance Jio has launched a wide range of prepaid plans including a new annual plan of Rs 2,599. On the whole, Jio is providing Disney+... Read More

June 5th, 2020 3:37 PM 1 COMMENTS

Telcos Likely to Modify Business Models Post Lockdown Period

Telecom giants Bharti Airtel, Vodafone Idea and Reliance Jio, are restructuring their business operating models to ensure smooth flow of services post lockdown period. Since social distancing is the new norm, telecom operators are focusing more on digital recharges, chatbots and automation tools which will minimise the need for call centre operations. Not only this, but telecom operators are also doing major changes in their sales funnel. As reported by... Read More

June 4th, 2020 9:32 AM 0 COMMENTS

Reliance Jio and Facebook Deal Pushes Towards CCI Approval

Back in April, Instant messaging platform giant Facebook acquired a 9.99 % stake in Jio platforms by investing Rs 43,574 crore. The investment by Facebook was the largest foreign direct investment (FDI) in the tech sector of India. Since the deal is one of the biggest deals in the sector, CCI was planning to inspect the entire deal to ensure that the merger is fair and monopoly is not created... Read More

June 2nd, 2020 7:18 PM 0 COMMENTS

Jio Platforms to Get More Investments from Abu Dhabi Investment Authority

Jio Platforms Limited has become an attractive hub for companies to invest their money into. Reliance Jio has become one of the biggest companies in India in a very short span. It all started with Facebook’s investment followed up by investments from other groups — Silver Lake, Vista Equity Partners, General Atlantic, and KKR. All these companies got a holding of 17.12% in the Jio Platforms for which Jio could... Read More

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