Reliance Jio acquires fiber assets of R Com for Rs 3,000 crore
6 years, 4 months ago

Reliance Jio acquires fiber assets of R Com for Rs 3,000 crore

India TV News  

Reliance Communications today said it has completed sale of its fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm. Last week, Reliance Communications had completed the planned sale of its media convergence nodes and related infrastructure assets, worth Rs 2,000 crore, Reliance Jio Infocomm. Earlier this month, Reliance Communications had reinstated bank guarantees worth Rs 774 crore with the telecom department ahead of the timeline set by the telecom tribunal, and had said that its Rs 25,000 crore asset sale plans were "on track". Last year, Anil Ambani-owned Reliance Communications signed a pact with Reliance Jio for sale of wireless spectrum, tower, fibre and MCN assets - the proceeds of which were to be used to reduce debt.

Assets Jio Reliance Jio Reliance Communications  reliance  communications  fiber  com  assets  crore  worth  jio  nodes  fibre  3000  sale  r  acquires  rs

History of this topic

Reliance Jio seeks up to $2 billion loan to fund 5G plan: report
1 year, 4 months ago

Reliance Jio seeks up to $2 billion loan to fund 5G plan: report

The Hindu  

Jio Infocomm, the telecom wing of Reliance Industries, is in talks to raise up to $2 billion in offshore loans, with BNP Paribas acting as lead arranger, to fund the purchase of 5G network gear from Ericsson, the Economic Times reported on Monday. Swedish telecommunications firm Ericsson, in October last year said that its 5G Radio Access Network products and …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Jio deposits ₹3,720 cr to take over Rel Infratel
2 years ago

Jio deposits ₹3,720 cr to take over Rel Infratel

Live Mint  

Reliance Jio Infocomm Ltd has deposited ₹3,720 crore into an escrow account as part of the process to acquire the assets of Reliance Infratel Ltd, the tower and fibre business of bankrupt Reliance Communications Ltd, under an insolvency process. With this, Jio will have completed the acquisition of Reliance Communications’ tower and fibre assets housed under Reliance Infratel. Reliance Projects …

India's Reliance Jio selects Nokia as equipment provider in 5G push
2 years, 2 months ago

India's Reliance Jio selects Nokia as equipment provider in 5G push

The Hindu  

Indian telecom service provider Reliance Jio has chosen Nokia as a major supplier, the Finnish telecom equipment maker said on Monday, as India's biggest mobile carrier gears up to expand next-generation wireless services across the country. Nokia will supply Reliance Jio, which has more than 420 million customers, with 5G radio access network equipment in a multi-year deal, the company …

Fully ready for 5G rollout in shortest period of time: Reliance Jio
2 years, 5 months ago

Fully ready for 5G rollout in shortest period of time: Reliance Jio

India TV News  

Highlights Reliance Jio said it is gearing up to roll out an advanced 5G network Company emphasised that it is fully ready for 5G rollout in the shortest period of time We will celebrate 'Azadi ka Amrit Mahotsav' with a pan India 5G rollout, said Akash M Ambani 5G Network: After buying spectrum worth Rs 88,078 crore in the auctions, …

5G Auction: Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore
2 years, 5 months ago

5G Auction: Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore

News 18  

New Delhi, Jul 18: As the race for 5G spectrum auction heats up, billionaire Mukesh Ambani's Reliance Jio has made a Rs 14,000-crore earnest money deposit while rival Adani group made a modest Rs 100 crore deposit. According to information released by the Telecom Department on Monday as part of the list of pre-qualified bidders, Reliance Jio has submitted an …

Reliance Jio to aggressively gain MSME subscribers
3 years, 10 months ago

Reliance Jio to aggressively gain MSME subscribers

India TV News  

As per a report by BofA Securities, Jio is looking to replicate mobile traction on MSME front. "By offering a bundled connectivity plan at 1/10th the existing price in the market, Jio is looking to expand the addressable market," it added. RIL's subsidiary Jio introduced an integrated offering for micro, SMBs providing enterprise grade fiber connectivity, digital and devices that …

Spectrum Auctions: Reliance Jio Says Total Owned Radiowaves Footprint Up Significantly
3 years, 10 months ago

Spectrum Auctions: Reliance Jio Says Total Owned Radiowaves Footprint Up Significantly

News 18  

India's largest telecom operator, Reliance Jio, on Tuesday said it has successfully acquired spectrum in all 22 circles in the just-concluded auctions, and that its owned radiowave footprint has risen "significantly" by 55 per cent through the acquisition. Jio – which had 408.7 million subscribers as on December — has acquired spectrum in 800 MHz, 1800 MHz and 2300 MHz …

Spectrum auctions: Reliance Jio says total owned radiowaves footprint up significantly
3 years, 10 months ago

Spectrum auctions: Reliance Jio says total owned radiowaves footprint up significantly

India TV News  

India's largest telecom operator, Reliance Jio, on Tuesday said it has successfully acquired spectrum in all 22 circles in the just-concluded auctions, and that its owned radiowave footprint has risen "significantly" by 55 per cent through the acquisition. Jio - which had 408.7 million subscribers as on December -- has acquired spectrum in 800 MHz, 1800 MHz and 2300 MHz …

Qualcomm ventures to invest Rs 730 crore in Reliance's Jio Platforms
4 years, 6 months ago

Qualcomm ventures to invest Rs 730 crore in Reliance's Jio Platforms

India Today  

India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees. The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for Indian customers”, Reliance said in a statement. Although Jio Platforms also …

Reliance CEO gets $1.5 billion from Saudi Arabia for his Jio war chest
4 years, 6 months ago

Reliance CEO gets $1.5 billion from Saudi Arabia for his Jio war chest

CNN  

San Francisco CNN Business — In less than two months, Indian billionaire Mukesh Ambani has amassed more than $15 billion in investments to fuel his technology ambitions fromthe likes of Facebook and top Silicon Valley investors Silver Lake and TPG. The kingdom’s sovereign wealth fund, the Public Investment Fund, will pay $1.5 billion for a 2.3% stake in Jio Platforms, …

Reliance Jio gets Rs 87,655 crore investment in 6 weeks. Here's a timeline
4 years, 7 months ago

Reliance Jio gets Rs 87,655 crore investment in 6 weeks. Here's a timeline

India TV News  

Mukesh Ambani's Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. Here is a timeline of Reliance Jio 's recent investments April 22 -- Facebook -- Mark Zuckerburg's Facebook announced an investment worth Rs 43,574 crore in Reliance Jio. May 22 -- KKR -- KKR announced 11,367 crore investment in Jio platforms for …

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering
4 years, 8 months ago

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering

Firstpost  

Consider the fact that in three years flat, the telecom subscriber base of Reliance Industries Ltd has crossed 340 million—and that is 13 million more than the entire population of the United States of America. RIL’s latest announcement that Saudi Arabia’s state oil giant, Aramco, will invest about $15 billion in Reliance’s oil and petrochemical business gives an idea of …

Mukesh Ambani's Reliance Jio becomes first Co to clear all AGR dues, pays Rs 195 crore
4 years, 11 months ago

Mukesh Ambani's Reliance Jio becomes first Co to clear all AGR dues, pays Rs 195 crore

India TV News  

Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source. "Reliance Jio has paid Rs 195 crore for AGR. The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement …

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr
5 years ago

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr

Firstpost  

Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd, a subsidiary of RCom New Delhi: UV Asset Reconstruction Company and Reliance Jio have emerged as highest bidders in asset sale process of debt-ridden Reliance Communications from which lenders expect to recover Rs 25,000 crore, according to banking sources. Reliance Jio has placed …

Bharti Airtel, two others bid for bankrupt RCom’s assets
5 years, 1 month ago

Bharti Airtel, two others bid for bankrupt RCom’s assets

Live Mint  

Bharti Airtel Ltd, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Ltd have submitted their resolution plans for Reliance Communications Ltd that is undergoing insolvency proceedings. According to information available on the RCom’s website, the company owed financial creditors ₹49,193.46 crore at the time of being taken to bankruptcy court in May last year. Reliance Communications’ assets include spectrum, …

Airtel, Jio bid for Reliance Communications telecom assets
5 years, 1 month ago

Airtel, Jio bid for Reliance Communications telecom assets

India TV News  

Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden Reliance Communications, according to banking sources involved in the process. RCom has put its all assets for sale which include spectrum holding of 122 MHz that the company before insolvency proceedings estimated to be around Rs 14,000 crore, towers business for …

Rejig of group structure at RIL paves way for Jio stake sale
5 years, 2 months ago

Rejig of group structure at RIL paves way for Jio stake sale

Live Mint  

Mumbai: A potential stake dilution in Reliance Jio Infocomm Ltd via an IPO or to a strategic investor is among the primary reasons behind the creation of wholly-owned digital subsidiary announced by Reliance Industries on Friday. The subsidiary will acquire RIL’s equity investment of ₹65,000 crore in its telecom subsidiary Reliance Jio Infocomm Ltd. Consequent to the above, RJIL will …

Reliance Industries to set up digital subsidiary with Rs 1.08 lakh cr investment; Jio to be net debt-free
5 years, 2 months ago

Reliance Industries to set up digital subsidiary with Rs 1.08 lakh cr investment; Jio to be net debt-free

Firstpost  

The subsidiary will also acquire RIL’s equity investment of Rs 65,000 crore in Jio Infocomm, bringing up Reliance’s total investment in the digital business to Rs 1.73 lakh crore The Board of Directors of Reliance Industries Ltd on Friday has approved the formation of a wholly-owned subsidiary for its digital initiatives with an investment of Rs 1.08 lakh crore. The …

Reliance Industries to form a digital subsidiary with ₹1 trillion, Jio to be net debt-free
5 years, 2 months ago

Reliance Industries to form a digital subsidiary with ₹1 trillion, Jio to be net debt-free

Live Mint  

The Board of Directors of Reliance Industries today approved the formation of a wholly-owned subsidiary for digital initiatives with the investment of ₹1,08,000 crore in the subsidiary through optionally convertible preference shares, the company said in a press statement. The subsidiary will acquire RIL’s equity investment of ₹65,000 crore in its telecom subsidiary Reliance Jio Infocomm Ltd. Consequent to the …

Jio Fiber: free TVs with new internet plans by India billionaire Mukesh Ambani
5 years, 4 months ago

Jio Fiber: free TVs with new internet plans by India billionaire Mukesh Ambani

CNN  

New Delhi CNN Business — India’s richest man is making a new push to dominate the country’s fast-growing internet user base — this time by offering high-definition TVs to new broadband customers. Reliance Jio, the mobile network owned by billionaire Mukesh Ambani, will give away free 4K televisions with some of its new plans. Jio burst onto India’s telecom scene …

Reliance Jio Fiber plans REVEALED: Starting at Rs 699, customers will get free TVs; complete list inside
5 years, 4 months ago

Reliance Jio Fiber plans REVEALED: Starting at Rs 699, customers will get free TVs; complete list inside

India TV News  

Reliance Jio broadband offer price: Billionaire Mukesh Ambani's Reliance Jio on Thursday rolled out of JioFibre broadband services, offering minimum internet speed of 100 Mbps for a monthly rental of Rs 699. Reliance unveiled complete details of its Jio Fiber optic-fibre based broadband service. The broadband service will offer unlimited data, free voice calling to anywhere in India as well …

Reliance Jio Fibre broadband plans explained
5 years, 5 months ago

Reliance Jio Fibre broadband plans explained

Live Mint  

Reliance Industries' chairman and managing director Mukesh Ambani announced the roll-out of Jio Fiber broadband services during the company's 42nd Annual General Meeting on Monday. The following key announcements surrounding the fiber-to-the-home broadband service were made during the meeting: -The subscription to Jio Fiber will start at ₹700 a month. Jio is also bringing down the cost of international voice …

RIL AGM 2019: Full text of Mukesh Ambani's statement at Reliance Industries' 42nd annual general meeting today
5 years, 5 months ago

RIL AGM 2019: Full text of Mukesh Ambani's statement at Reliance Industries' 42nd annual general meeting today

Firstpost  

At the 42nd AGM of Reliance Industries on Monday, Mukesh Ambani unveiled Jio Fiber, the much-talked-about fiber-to-the-home service At the 42nd AGM of Reliance Industries on Monday, Mukesh Ambani unveiled Jio Fiber, the much-talked-about fiber-to-the-home service. Reliance Industries will sell 20 percent stake in its oil and chemicals business to Saudi oil giant Aramco for about $15 billion and nearly …

Mukesh Ambani announces India’s biggest FDI deal, free HD LED TV and 4K set-top boxes for Jio Fibre subscribers
5 years, 5 months ago

Mukesh Ambani announces India’s biggest FDI deal, free HD LED TV and 4K set-top boxes for Jio Fibre subscribers

Op India  

Reliance Industries Chairman Mukesh Ambani made several landmark announcements while addressing the shareholders at the 42nd Annual General Meeting of the company. The Reliance Chairman also announced the much-awaited commercial launch of the Jio Fiber service, the wired broadband service of Jio, which will be launched on 5th September. Apart from broadband internet, Jio Fibre will offer free voice calls …

Reliance Jio's journey since 2016 has been 'incredible', potential for growth is immense, says chairman Mukesh Ambani
5 years, 5 months ago

Reliance Jio's journey since 2016 has been 'incredible', potential for growth is immense, says chairman Mukesh Ambani

Firstpost  

Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of $1 billion annually for over a decade. Announcing a bouquet of services for customers at the 42nd Annual General Meeting held on Monday in Mumbai, Reliance Industries Ltd chairman and managing director, Mukesh Ambani said Jio’s journey since 2016 was “incredible”. …

Jio subscriber base at over 340 mn, ready to kick-start 4 new growth engines: Mukesh Ambani
5 years, 5 months ago

Jio subscriber base at over 340 mn, ready to kick-start 4 new growth engines: Mukesh Ambani

India TV News  

Mukesh Ambani on Monday said that Jio which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things for the entire country, home and enterprise broadband services as well as broadband for SMEs. "Revenue from each of these engines will kick in this fiscal itself," Reliance …

RIL AGM 2019: Reliance Jio subscriber base at over 340 mn, ready to kick-start four new growth engines, says Mukesh Ambani
5 years, 5 months ago

RIL AGM 2019: Reliance Jio subscriber base at over 340 mn, ready to kick-start four new growth engines, says Mukesh Ambani

Firstpost  

Mukesh Ambani on Monday said that Jio which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things for the entire country, home and enterprise broadband services as well as broadband for SMEs Mumbai: Mukesh Ambani on Monday said that Jio which has amassed over 340 …

RIL AGM 2019 Updates: Reliance Industries aims to become zero net-debt company in next 18 months: Mukesh Ambani
5 years, 5 months ago

RIL AGM 2019 Updates: Reliance Industries aims to become zero net-debt company in next 18 months: Mukesh Ambani

Firstpost  

12:28 PM Whatsapp Facebook Twitter RIL’s announcements may give sleepless nights to market rivals A slew of major announcements that can give sleepless nights to competitors across digital businesses follow. Relience Industries Limited CMD Mukesh Ambani lays out his big plans to take the Jio brand to the next level of growth by unlocking the potential of Jio fiber future …

Jio GigaFiber launch, Saudi Aramco stake sale: Mukesh Ambani’s key announcements at RIL AGM
5 years, 5 months ago

Jio GigaFiber launch, Saudi Aramco stake sale: Mukesh Ambani’s key announcements at RIL AGM

Live Mint  

At its 42nd annual general meeting, Reliance Industries Ltd chairman and managing director Mukesh Ambani today announced that Saudi Aramco will buy a 20% stake in its oil-to-chemical business. Highlights of Mukesh Ambani's speech at Reliance AGM:- -Jio Fiber users will get free subscription to several OTT platforms. Watch: Reliance Industries unveils Jio GigaFiber starting at ₹700 per month -More …

RCom looks to real estate assets, Jio deal to pay Ericsson dues of Rs 453 cr after Supreme Court order
5 years, 10 months ago

RCom looks to real estate assets, Jio deal to pay Ericsson dues of Rs 453 cr after Supreme Court order

Firstpost  

RCom owes a total Rs 571 crore to the Swedish telecoms equipment maker, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore. Business tycoon Anil Ambani is planning to use a payment from his brother’s company and the sale of real estate assets to pay what he owes to Sweden’s Ericsson following a court …

Reliance Communications stock sinks by more than half to a record low as firm asks NCLT to resolve debt
5 years, 11 months ago

Reliance Communications stock sinks by more than half to a record low as firm asks NCLT to resolve debt

Firstpost  

Reliance Communications said its lenders had not received any proceeds from asset monetisation plans, and that its overall debt resolution process had not made any progress Reliance Communications Ltd shares plunged by more than half to a record low on Monday, after the Indian telco said it will seek a fast-track resolution to its indebtedness through bankruptcy court. In one …

RCom files for insolvency after govt refuses nod for asset sale to Jio
5 years, 11 months ago

RCom files for insolvency after govt refuses nod for asset sale to Jio

Live Mint  

Anil Ambani promoted telecom company Reliance Communications on Friday said that it has decided to file for insolvency as its lenders have received zero proceeds from its proposed asset monetization plans even after a period of 18 months. This comes one month after its planned asset sale to brother Mukesh Ambani’s Reliance Jio failed to get approval from the Department …

RIL’s debt path seen tied to Reliance Jio, e-commerce plans
5 years, 11 months ago

RIL’s debt path seen tied to Reliance Jio, e-commerce plans

Live Mint  

Reliance Industries Ltd.s plan to strengthen its balance sheet will hinge on future capital spending as credit market participants zero in on whether the company will be able to slow those outlays over the next year. The conglomerate has invested about $64 billion across telecom and retail as well as petrochemicals and oil refining expansions, Joint CFO V. Srikanth said …

Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter, operating revenue up 51%
5 years, 11 months ago

Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter, operating revenue up 51%

Firstpost  

Telecom operator Reliance Jio on Thursday reported a jump of 65 percent in its net profit to Rs 831 crore during the December 2018 quarter, mainly on account of a rise in customer base New Delhi: Telecom operator Reliance Jio on Thursday reported a jump of 65 percent in its net profit to Rs 831 crore during the December 2018 …

Reliance Jio board approves plan to hive-off fibre, tower assets to separate entities
6 years, 1 month ago

Reliance Jio board approves plan to hive-off fibre, tower assets to separate entities

Live Mint  

New Delhi: Telecom operator Reliance Jio Infocomm Tuesday said its board has approved schemes to spin off the company’s fibre and tower assets to separate entities. “The board of directors of the company, at its meeting held today, accorded its approval to a scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate …

How Reliance Jio is consolidating presence in entertainment
6 years, 2 months ago

How Reliance Jio is consolidating presence in entertainment

Live Mint  

Last week, Reliance Industries Ltd said it was acquiring majority stakes in Hathway Cable and Datacom Ltd, and Den Networks for ₹ 5,230 crore. In July, Reliance Jio had first announced its single service provider Jio GigaFiber, the high-speed fixed line broadband targeting 50 million users across 1,100 towns and cities. Agrees Mihir Shah, vice-president at research firm Media Partners …

Q2 results: Reliance Jio reports ₹681 crore profit; RIL to buy Hathway, Den Networks
6 years, 2 months ago

Q2 results: Reliance Jio reports ₹681 crore profit; RIL to buy Hathway, Den Networks

Live Mint  

Mumbai: Reliance Jio Infocomm Ltd, the telecom arm of Mukesh Ambani-controlled Reliance Industries Limited reported a profit of ₹ 681 crore for the September quarter, a rise of 11.3% on a sequential basis, on the back of ₹ 9,240 crore in revenue from its operations, the company said. RIL on Wednesday also said it will buy majority stakes in Den …

An RIL-Hathway deal may result in a win-win for both companies
6 years, 3 months ago

An RIL-Hathway deal may result in a win-win for both companies

Live Mint  

In early July, when Reliance Jio Infocomm Ltd announced Jio GigaFiber, its fibre-to-the-home broadband service, shares of cable and broadband service providers corrected sharply. However, Hathway investors had something to cheer about on Wednesday with the company’s shares rising nearly 10% following reports that Reliance Industries Ltd may buy the multiple system operator to speed up the commercial launch of …

Anil Ambani seeks to sell control of Reliance Communications
6 years, 3 months ago

Anil Ambani seeks to sell control of Reliance Communications

Live Mint  

Reliance Communications Ltd., the telecommunications company that’s offloading most of its assets to a rival, is in talks to sell a controlling stake in what will remain after it exits India’s consumer wireless business. The company helmed by billionaire Anil Ambani is negotiating with two investors who are conducting due diligence, Bill Barney, chief executive officer of the company and …

RCom sells assets worth ₹ 2,000 crore to Reliance Jio
6 years, 4 months ago

RCom sells assets worth ₹ 2,000 crore to Reliance Jio

Live Mint  

Mumbai: Reliance Communications Ltd today said it has completed the sale of its media convergence nodes and related infrastructure assets worth ₹ 2,000 crore to Reliance Jio Infocomm Ltd. “Reliance Communications Ltd today announced the completion of the sale of its MCNs and related infrastructure assets, worth ₹ 2,000 crore, to Reliance Jio Infocomm,” the RCom statement said. RCom had …

Reliance Communications agrees to sell Rs 25,000 cr assets by August end; to pay Ericsson Rs 550 crore
6 years, 5 months ago

Reliance Communications agrees to sell Rs 25,000 cr assets by August end; to pay Ericsson Rs 550 crore

India TV News  

Debt-ridden Reliance Communications is looking to complete the sale of its business assets worth Rs 25,000 crore by the end of this month and has also agreed to pay Rs 550 crore towards settlement to telecom gearmaker Ericsson by September-end. Reliance Communications in a regulatory filing said that it has "agreed to pay a settlement amount of Rs 550 crore …

‘Golden decade next’, Mukesh Ambani’s 10-year plan for Reliance Industries
6 years, 6 months ago

‘Golden decade next’, Mukesh Ambani’s 10-year plan for Reliance Industries

Live Mint  

Mumbai: Mukesh Ambani, India’s richest man, said on Thursday that Reliance Industries Ltd aims to double sales in about seven years, even as the company explores ways to boost profitability of its mainstay refinery and chemicals businesses. RIL has invested about ₹ 2.5 trillion in telecom unit Reliance Jio Infocomm Ltd, through which Ambani wants to venture into e-commerce, healthcare, …

Reliance AGM: Mukesh Ambani makes big push to woo customers, launches Jio Giga Fibre, Jio Phone 2 at 'affordable' prices
6 years, 6 months ago

Reliance AGM: Mukesh Ambani makes big push to woo customers, launches Jio Giga Fibre, Jio Phone 2 at 'affordable' prices

India TV News  

Reliance Industries Chairman Mukesh Ambani on Thursday made a slew of announcements and offers to woo its customers. He also said the company saw its biggest growth opportunity "in creating a hybrid, online-to-offline new commerce platform".Besides, Ambani said the company's digital tools will predict and anticipate the needs of shoppers. Jio Giga Fibre After shaking the mobile telephony market with …

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