Page 28 - Reliance Jio

Fixed broadband may trigger next leg of growth for RJio, Airtel: Analysts

Near-term overhang of 5G related capex and subscriber churn should be watched by investors, they said

Jio rolls out 82,500 sites for 5G service, Bharti Airtel less than 20,000

Reliance Jio has rolled out over four times more 5G sites compared to its competitor Bharti Airtel, according to official data published by the Department of Telecom. According to the data, Reliance Jio has rolled out 82,509 sites for 5G services, while Bharti Airtel has 19,142 sites as of March 3. "After the inauguration of 5G services in the country by the Hon'ble PM, Telecom Service Providers continue to progressively roll out 5G services and required infrastructure in a phased manner across the country," the DoT said in a monthly summary report comprising status of telecom projects and infrastructure update. Prime Minister Narendra Modi launched 5G services on October 1 and the telcos have covered 410 districts within six months of the launch. According to the DoT data, Delhi has 13,094 sites for 5G services, which is the highest in the country. Tamil Nadu, Gujarat, Maharashtra and Mumbai also have the bulk of 5G sites in the range of 7000 to 8,900.

Centre to call on Jio, Airtel over 5G connectivity in urban areas

Initial reports showed widespread problems with call drops, poor audio connectivity from 5G users

JioCinema to start subscription model after IPL 2023; check details here

JioCinema drew more than 1.47 billion video views during the opening weekend of the IPL in April, and had 22 million viewers for a match on Wednesday

Railways dials Reliance Jio, Bharti Airtel for 1.1 million connections

Due to the expansion in size of subscribers, the tariffs finalised under the latest policy are about 10 per cent lower than the previous rates charged by Jio

Reliance's Jio Institute partners with US-based Principals' Training Center

PTC caters to the unique professional learning needs of practising and aspiring principals, teachers, heads of departments, counsellors, and board members of schools worldwide

Mukesh Ambani builds on record cricket views with film, TV offerings

The potential viewership in India, home to 1.4 billion people and with a growing middle class and expanding internet access, is immense. JioCinema drew more than 1.47 billion video views

Lynk Global eyes telecom companies for satellite direct to mobiles

Lynk is putting up small satellites which it calls 'cell towers in the sky' to provide coverage

JioCinema to live-stream IPL matches at fan parks in more than 35 cities

In their bid to take cricket to every internet user and every community with access to the internet, JioCinema will live stream matches at fan parks across more than 35 cities and towns

Encouraged by viewership, JioCinema to recoup IPL investments ahead of time

Reliance-owned JioCinema, which has live streaming right for the Tata IPL, expects to recoup the investments made to acquire it before next three years, encouraged by 'record number' of viewership and backing of advertisers, a top company official said on Thursday. JioCinema is quite upbeat after it achieved the highest concurrent viewership of 2.2 crore on Wednesday in the match played between Chennai Super Kings and Rajasthan Royals in Tata IPL 2023 and expects many more records as the over 70 matches tournaments proceed to knock out stages. The streaming platform has so far taken 23 sponsors on board and has signed over 100 small advertisers. The number would grow as the almost two-month-long T20 tournament progresses further, Viacom18 Sports CEO Anil Jayaraj told PTI. When asked whether Reliance would break even or recoup the investment in IPL as it has given free streaming, he said, "Our original plan for break-even was in year three and thereabouts but we are doing much bette

Airtel gripe vicious, aims to defame our user-friendly tariffs: Jio to Trai

Bharti Airtel recent requested Trai to bring content aired via broadband under the regulatory fold and keep a check on discriminatory bundling tactics

Deliberate attempt by Airtel to defame Jio's user friendly tariffs: RJIL

RJIL said a close reading of the complaint letter would clearly establish that Airtel's sole grouse is that JioFiber is offering reasonable tariffs to customers

Why free IPL on Jio vs paid on Disney? Airtel seeks Trai intervention

The free telecast of IPL matches by Reliance on JioCinema is the reason behind this move by Airtel

Telecom sector to face slower mobile revenue growth in Q4: Analysts

Continuing churn in customer addition to hold back ARPU growth

Record number of advertisers, sponsors join JioCinema in first week of IPL

JioCinema, the digital streaming partner of the IPL 2023, had a stellar opening week with 23 sponsors signing up for advertising on the platform, read a statement.

Jio Platforms gets Rs 350 crore deal to run NIC's cloud services for 5 yrs

Jio has been selected to enhance NIC's national cloud services and will be deployed at the National Data Centre in Delhi, Pune and Bhubaneswar

Reliance, Jio raise $5 bn in largest syndicated loan in India: Report

Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of USD 5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said. Reliance last week raised USD 3 billion from 55 banks and Reliance Jio Infocomm secured additional credit of USD 2 billion from 18 banks, sources aware of the development said. The USD 3 billion financing closed on March 31 and the add-on facility of USD 2 billion was secured on Tuesday, they said. Reliance will mainly deploy the funds raised towards its capital expenditure, while Jio would put the money to finance its nationwide 5G network rollout. The USD 2 billion add-on will be split equally between Reliance and Jio and is likely to be wrapped up by the end of April, they said. The primary syndication of USD 3 billion involved around 55 lenders, including nearly two dozen Taiwanese banks as well as global giants such as Bank of America, HSBC, MUFG, Citi, SMBC, Mizuho, and Cr

Coming soon to a mall in Mumbai, Apple's first retail store in India

On Wednesday, the American technology giant unveiled the barricade of its first retail store at Jio World Drive Mall, Mumbai, ahead of the upcoming opening of Apple BKC

After $3 bn, Reliance Industries, Jio raise $2 bn foreign exchange loan

Barely days after signing a USD 3 billion financing in India's most widely syndicated loan, Reliance Industries Ltd and its unit Reliance Jio Infocomm have raised USD 2 billion add-on foreign currency facility at most competitive rates, sources said. The USD 3 billion financing closed on March 31 and the add on USD 2 billion thereafter. The fund raising is the largest through syndicated term loans by an Indian corporate house in at least five years, the banking sources involved in the deal said. The primary syndication of USD 3 billion involved around 55 lenders, including nearly two dozen Taiwanese banks as well as global giants such as Bank of America, HSBC, MUFG, Citi, SMBC, Mizuho, and Credit Agricole. The new loan of USD 2 billion has the same terms as the borrowing signed on March 31 with 55 lenders, including 40 that joined in two phases of syndication. The sources said the blowout response was not surprising considering the momentum the USD 3 billion borrowing had already .

Jefferies assigns Rs 134-224 per share for Jio Financial Services

Listing and value unlocking to be the key event for RIL's stock price, says Nomura