Page 21 - Reliance Jio

Retail value of Reliance Retail doubled in less than 3 years: Isha Ambani

During the 46th Annual General Meeting (AGM) of Reliance Industries Limited, Isha Ambani, director of Reliance Retail, said that the retail company saw around 1,000 million transactions last year

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans

Reliance AGM 2023 today: Here are the key takeaways from last year's meet

RIL AGM 2023: Ahead of RIL AGM, it is necessary to take a look back at the key announcements made by Ambani at RIL AGM 2022

Reliance AGM: Where and how to watch Reliance's 46th annual general meeting

Reliance AGM 2023: Mukesh Ambani, chairman of Reliance Industries, will address the shareholders and talk about the company's past performance as well as further plans

Jio, Airtel drive up telecom subscriber base to 1,173 mn in June: Trai

Telecom subscriber base in the country grew marginally to 1,173.89 million at the end of June on account of new customer additions led by Reliance Jio, sector regulator Trai said on Thursday. The subscriber base growth was driven by mobile telephony where Reliance Jio added over 2.27 million new customers and Bharti Airtel added 1.4 million customers. "The number of telephone subscribers in India increased from 1,172.57 million at the end of May-23 to 1,173.89 million at the end of June-23, thereby showing a monthly growth rate of 0.11 per cent," the Telecom Regulatory Authority of India (Trai) said in its monthly subscriber report. However, the overall growth was mitigated by the loss of subscribers by state-owned BSNL, MTNL and Vodafone Idea (VIL). BSNL lost 1.87 million mobile subscribers, VIL lost 1.28 million subscribers and MTNL (1,52,912 subscribers). The net addition in wireless subscribers of telecom operators in the month of June was 3,73,602. "Total wireless subscriber

BSE postpones removal of Jio Financial Services from indices to August 29

BSE's circular said that if JFSL continues to hit the lower circuit in the next two days, the removal date will be deferred by another three days

Airtel doubles its ARPU to Rs 200; what does that mean for Jio, Vodafone

Airtel's ARPU has grown 9.28 per cent from ₹183 in the first quarter of the previous financial year, much sharper than the 2.8 per cent in Jio's case

In a global first, Jio launches prepaid plans with Netflix subscription

Additionally, Jio has announced a higher-priced plan at Rs 1,499 with the same features, except it will offer 3GB of data per day

Jio launches Netflix subscription option for 400 mn prepaid plan holders

Earlier in July, Jio had announced the launch of a 4G-feature phone in an attempt to reach people who have not yet migrated to smartphones

Reliance, Vodafone, Airtel may increase their headcount by 25% in FY24

Reliance Jio's total headcount at FY23 end was 95,326; Airtel's headcount was 64,407; and Vodafone Idea's was 15,604

Jio rolls out 5G service in 26 Ghz band, claims top speed of 2 gbps

Reliance Jio Infocomm on Monday said it has rolled out 5G services in 26 gigahertz millimetres across India and has claimed a record top speed of up to 2 gigabits per second. The millimetre wave is a short-length radio wave that almost works like a dedicated spectrum pipe for each user and has the potential to deliver wired broadband-level speed. "Jio customers now using 26 GHz mmWave-based business-connectivity across all 22 telecom circles," Reliance Jio said in a statement. The telecom major said it has completed its minimum roll-out obligations in each of the 22 telecom circles, across each of the spectrum bands, ahead of time under the terms of the spectrum allocated to it on August 17, 2022. "On July 19, 2023, RJIL had completed submission of the prescribed details towards completion of the Phase 1 minimum roll-out obligation with the Department of Telecommunications Units and by August 11 2023, necessary DoT testing was completed in all circles," the statement said. Jio sai

Reliance Jio likely to announce two 5G smartphones at RIL AGM: Details here

Indicating a forthcoming announcement, two Jio smartphones have recently received certifications from Bureau of Indian Standards (BIS)

Jio Platforms' subsidiary Radisys completes acquisition of Mimosa Networks

Jio Platforms' subsidiary Radisys Corporation on Friday announced that it has completed the acquisition of Mimosa Networks, Inc. from Airspan Networks Holdings Inc. Earlier this year, the companies had announced the deal under which Radisys Corporation signed a definitive agreement with US-based Airspan Networks Holdings for the acquisition of Mimosa Networks for USD 60 million on a debt-free, cash-free basis. According to a release on Friday, "Radisys Corporation, a wholly owned subsidiary of Jio Platforms Limited and a global leader of open telecom solutions, today announced that it has completed the acquisition of Mimosa Networks, from Airspan Networks Holdings Inc." With this, Mimosa has become a wholly-owned subsidiary of Radisys. Radisys' acquisition of Mimosa will accelerate the availability of broadband access for advancing societies, the release said. Mimosa offers a diverse portfolio of point-to-point and point-to-multi-point connectivity products leveraging unlicensed ..

Vodafone Idea, Adani Data Networks may not get relaxations for 5G rollout

According to rules, a telco has to commercially launch service anywhere in each of the three metros and at least in one city in each of India's 22 telecom circles at the end of the first year

Voot, JioCinema merged; users now free to switch from one platform to other

Reliance-owned Jio Studios is likely to invest Rs 2,200 crore to create a library of 100 movies and web series to retain customers after the IPL

Jio's Rs 149 pack with 20 days validity; everything you need to know

Jio is offering its customers a Rs 149 plan which can be a value for money deal for users if that they are searching for something affordable and of short-term validity

RJio gets $2.2 bn from Swedish export credit agency to finance 5G rollout

The country's largest telecom player Reliance Jio has received a USD 2.2 billion fund support from the Swedish export credit agency to finance equipment for the 5G rollout, according to Reliance Industries' annual report. The company has largely procured telecom gears from Swedish firm Ericsson and Finnish company Nokia to deploy its 5G network. "RJIL tied up its first-ever Swedish Export Credit Agency (EKN) supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for a deal to a private corporate globally. The proceeds of the facilities shall be utilised to finance the equipment and services in relation to RJIL's pan-India 5G roll out," Reliance Industries Ltd said in its annual report. While there has been a decline in telecom gear shipment across major geographies, 5G rollout in India led by Reliance Jio has been able to offset the dip in business of Ericsson and Nokia. Ericsson reported 74 per cent growth in net sales in the June 2023

JioPhone 2 slightly expensive than available feature phone: Airtel MD

JioPhone2 meant to target 2G user base is slightly expensive compared to other options available in the market and it is early to assess the impact on the target market, a senior Bharti Airtel official said on Friday. Bharti Airtel Managing Director Gopal Vittal during the company's earning call said that the company is generating operating free cash flow of almost Rs 19,000 crore and it is expected to improve further. In response to a question on JioPhone2 impact, Vittal said that the previous version of the device did had an impact on 2G market base but it is too early to assess any impact of the new device. "Today, the feature phone segment accounts for about 18 per cent of our overall revenues. And more importantly, it's only once in four years that a customer chooses to replace the feature phone. The pricing of this (JioPhone2) device is slightly higher than the cheapest feature phones are just competitive," Vittal said. He said that the company will continue to focus on our .

Achieved 5G rollout obligations in all circles, ready for testing: Jio

After months of 5G network rollout across the country, India's largest telco Reliance Jio has informed the government that it has achieved 5G rollout obligations in all circles, and is ready to be tested as per stipulated parameters. Mukesh Ambani-led Reliance Jio has sent out a communication to the Telecom Department (DoT) term cell informing them about rollouts achieved in all circles, according to sources who said that in the next step, the term cells will pick 10 per cent sites for testing. Once the test results meet the required parameters, the certificate about completion of rollout obligation is issued, they explained. Moreover, the telco -- which competes in the Indian telecom market with players like Bharti Airtel -- has successfully tested 5G services on bands of 26 GHz and 3300 MHz spectrum in Gujarat circle. "Gujarat LSA conducted Phase I of 5G roll out testing in 26 GHz and 3300 MHz spectrum allocated to Reliance Jio Infocomm Ltd," DoT's Gujarat wing said in a post on

At $112 bn, RIL's retail arm value almost twice of O2C biz: Bernstein

According to Berstein's latest report on the company, its retail business is valued at $112 billion while its O2C business is valued at $57 billion