Page 27 - Reliance Jio

This Chris Wood owned stock hit a 52-week low. What's worrying the Street?

In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack

New Jio family plan could delay postpaid tariff hikes: Kotak Inst Equities

Brokerage expects rivals to lower add-on connection fee and/or launch lower data allowance family packs at lower price points to retain their postpaid base; move could dilute ARPU by 1-3%

Jio adds 34 more cities to True 5G network, service expands to 365 cities

Reliance Jio Infocomm has added 34 more cities, including eight from Tamil Nadu to its True 5G network, taking the total number of the service offering to 365. Ambur, Chidambaram, Namakkal, Pudukottai, Ramanathapuram, Sivakasi, Tiruchengode and Villupuram in Tamil Nadu and Puducherry were covered in the latest round of network addition exercise undertaken by the company, the telecom major said on Wednesday. In January, the 5G services were formally rolled out in Coimbatore, Madurai, Tiruchirappalli, Salem, Hosur and Vellore in addition to the facility already available in Chennai. The company had said that it has invested Rs 40,446 crore in Tamil Nadu. Commenting on Wednesday's launch, a spokesperson said, "we are really excited to launch Jio True 5G services in 34 additional cities, taking the total count to 365 cities." "Jio has achieved this milestone in just under 120 days since the Beta Trial launch and is well on its way to connect the entire nation with the transformational

Reliance Jio eyes postpaid segment with new family plans, free trial

Jio has been slow to grow in the postpaid segment and the move will pit it against Bharti Airtel

Reliance Jio announces new postpaid 'Jio Plus' for family of four

India's largest telecom operator Reliance Jio on Tuesday introduced a new set of postpaid family plans Jio Plus, wherein a family of four can to try services free of cost for a month. The 'Rs 399 plan' offers up to three add-on connections for the family. It packs 75 GB data, with additional 3 add-on connections at Rs 99 per SIM. "...Total monthly charge of only Rs 696 for a family of 4... effective monthly charge of Rs 174 per SIM," Jio said in a release. The 'Rs 699 plan' entails 100 GB data and up to 3 add-on connections at Rs 99 per SIM. Akash M Ambani, Chairman of Reliance Jio Infocomm said, the idea behind launching Jio Plus is to offer exciting new benefits and experiences to discerning postpaid users. Jio has strengthened its network experience by expanding 5G services to 331 cities. "After having serviced over 430 million customers, that includes millions of satisfied postpaid users, there cannot be a more opportune time to welcome millions of new postpaid customers," A

JioThings partners with EESL to deploy 1 mn smart prepaid meters in Bihar

JioThings Smart Utility Platform, an IoT (Internet of Things) solution of JioThings, has partnered with Energy Efficiency Services Limited to deploy 1 million smart prepaid meters in Bihar along with French electric utility firm EDF, according to a release. Energy Efficiency Services Limited (EESL) is the joint venture of leading Public Sector Enterprises under the Ministry of Power, set up by the government to facilitate energy efficiency projects and to work as energy service company. JioThings Smart Utility Platform has partnered with EESL to enable 1 million smart prepaid meters in Bihar, the release said. "JioThings Smart Utility Platform is a revolutionary NB-IoT (NarrowBand-Internet of Things) enabled future-ready solution from Jio Platforms and is backed by 4G/LTE technology, which will drive the digital transformation of the power utilities sector and help achieve the Ministry of Power and Government of India's aim of installing 250 million smart meters," the release ...

Jio's Radisys to buy Mimosa for $60 mn to bolster 5G, broadband services

The conglomerate via Jio, India's leading telecom service provider, is ramping up 5G and broadband services across the country after snapping up airwaves worth $11 bn in a 5G spectrum auction last yr

Reliance Jio buys US-based Mimosa Networks for $60 mn to bolster 5G tech

Jio Platforms, the digital arm of Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for USD 60 million as it looks to bolster its 5G telecom and broadband services. Radisys Corporation, a subsidiary of Jio Platforms, signed a definitive agreement with US-based Airspan Networks Holdings for acquisition of "Mimosa Networks for USD 60 million on a debt free, cash free basis," the companies said in a statement. While Jio Platforms is the owner of India's biggest telecom firm, Reliance Jio Infocomm, Mimosa has a portfolio of point-to-multi-point products based on WiFi-5 and the newer WiFI 6E technologies as well as related accessories. "These solutions have use cases in the backhaul requirements for 5G and FTTX/ FWA rollouts," the statement said. "Jio has been a major customer of Mimosa." The deal comes at a time when countries across the world are looking to move away from Chinese technology. Airspan acquired Mimosa in 2018 to target cost effective fixed

Jio extends 5G coverage to 27 more cities, now covers 331 cities

Jio extends 5G coverage to 27 more cities, now covers 331 cities across India

New Delhi, Mar 8 (PTU) Reliance Jio, the country's largest telecom operator, on Wednesday announced the launch of its 5G services in 27 more cities of 13 states and union territories to extend its network of ultra high-speed telephony to 331 cities across India.

Jio True 5G is now available in 27 additional cities in states like Andhra Pradesh, Chhattisgarh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal, the company said in a statement.

Starting March 8, 2023, Jio users in these 27 cities will be invited to the Jio Welcome Offer, to experience unlimited data at up to 1 Gbps speeds, at no additional cost, it said.

Its billionaire chairman Mukesh Ambani had previously announced that Jio's 5G services will cover the entire country by the end of 2023.

Reliance said to tap McLaren's Hitesh Sethia as Jio Financial CEO

Sethia joined McLaren as its head of Europe in June last year and has been based in Frankfurt, according to his LinkedIn profile

Indian cricket: Where Mukesh Ambani might pull ahead of Gautam Adani

The two billionaires have adopted different playbooks. While Adani went headlong into public utilities, Ambani has focused on private wants

Jio to become world's largest 5G network with affordable services: Oommen

India's biggest telecom operator Reliance Jio expects to become the world's largest player having a pure 5G network this year with promise to provide services at affordable rates to the masses, a senior official of the company said here. Speaking to the PTI at the Mobile World Congress, Reliance Jio President Mathew Oommen said India needs inclusive growth and Jio will continue to support it. "Jio will be the largest 5G SA (standalone) only network operator in the world in the second half of 2023, ensuring that all advanced services and capabilities are available affordably to the masses," Oommen said. He was responding to questions around the company's 5G roll out plan and Jio's competitor Bharti Airtel pushing for an increase in mobile call and data services price. Jio has focussed on rolling out 5G SA while Bharti Airtel is rolling out 5G (NSA) non-standalone network which can provide a mix of 5G and 4G services. "India needs inclusive growth. Jio will continue to support India'

Telecom operator Airtel reaches 1 mn customer mark on 5G network in Mumbai

Telecom operator Bharti Airtel on Thursday announced that it has surpassed the 1 million 5G user mark on its network in Mumbai. Airtel recently crossed the 10 million unique customer mark on its 5G network nationally. The Sunil Mittal-led telco said it is well poised to cover every town and key rural areas with Airtel 5G services by end of March 2024. The Airtel statement said it had surpasses 1 million customer mark on its 5G network in Mumbai. "Airtel was the first to roll-out 5G in the country and Mumbai was one among the first 8 cities to get ultra fast Airtel 5G Plus. Today, Airtel's 5G services is available in over 140 cities across the length and breadth of the country," it said. Airtel 5G Plus is currently live in several key locations in Mumbai, including Gateway of India, Nariman Point, Film City, Bandra-Kurla Complex, Mumbai Metro junctions of Ghatkopar & Andheri, Chhatrapati Shivaji railway Terminus (CST), among others. Vibhor Gupta, CEO Mumbai, Bharti Airtel, said "We

TMS Ep380: Rise of Jio, cyber security, consumer appliances, passive funds

What's behind Jio's rise to world's second strongest telecom brand? Will cyber security create jobs? Is it time to bet on consumer appliance stocks? What is a passive fund? All answers here

Median download speeds in India have more than doubled since launch of 5G

In terms of internet speed, India now stands ahead of some of the G20 countries, including Mexico, Russia, and Argentina

Top headlines: Tata- Bisleri talks, IBA mulls 5-day week for bank employees

Business Standard brings you the top headlines at this hour

Reliance Jio second-strongest telecom brand in world, says report

Based on the scores, Reliance Jio is behind only Swisscom and ahead of Etisalat, MTC, and Singtel

Bharti Airtel to hike mobile services rates across all plans this year

Bharti Airtel is looking to raise mobile phone call and data rates across all plans this year, telecom firm's Chairman Sunil Bharti Mittal said here. The company last month increased the price of its minimum recharge or the entry-level for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles. Responding to a PTI query on the need for a tariff hike when the company's balance sheet is healthy, he said the return on capital in the telecom business is very low and a tariff hike is expected this year. "It (tariff hike) will happen across the board," Mittal said at Mobile World Congress (MWC) here on Monday. He said the company has injected a lot of capital that has made the balance sheet strong but the return on capital in the industry is very low. "That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope it happens this year," Mittal said. Asked about the impact of price increase on people at the

Reliance Jio 5G to reach every Indian by December 2023: Akash Ambani

Ambani said that the 5G technology will have a profound impact on India's economy and will make our cities smarter, society safer, and utilities more stable

Reliance opens its first store in partnership with Gap Inc. in Mumbai

Reliance Retail is the official retailer of Gap across all channels in India, the company said in a press release