Reliance Industries' telecom arm -- seen as the most aggressive telecom player in the market
The Jio-Gionee additional data offer is valid on Gionee-branded devices purchased after June 16
Lowering of these levies can generate Rs 20,000-25,000 cr additional EBITDA for industry
Accounted for 40% of user additions by top 5; stood 4th in overall base, behind Airtel, Voda, Idea
In lieu of the exchange, Reliance Jio provides additional data worth Rs 2,010
Reliance Industries plans to spend a further Rs 18,000 crore additional investment in Jio
"Jio witnessing the largest migration from free to paid services in history," said Ambani.
The board of RJio on July 14 approved to issue 1,500 cr equity shares of Rs 10 each, aggregating to Rs 15,000 cr on rights issue basis