Page 30 - Reliance Jio

Reliance Infratel goes to Jio for Rs 3,720 crore for asset acquisition

The tribunal had asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets

Jio acquires 100 pc stake in Reliance Infratel for about Rs 3,720 crore

Reliance Projects and Property Management Services, a subsidiary of telecom major Jio, has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,725 crore, Reliance Industries Limited said on Thursday. Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre assets of the debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications. The National Company Law Tribunal (NCLT) gave approval to Reliance Projects and Property Management Services (RPPMSL) for the acquisition of Reliance Infratel (RITL) in November. RIL, in a regulatory filing, said RITL on Thursday allotted to RPPMSL 50 lakh equity shares of Rs 10 each for cash aggregating to Rs 5 crore; and 372 crore zero coupon optionally fully convertible debentures of Rs 10 each, for cash aggregating to Rs 3,720 crore. "The existing paid-up equity share capital of RITL has been cancelled. Upon such cancellation ..

IOCL selects Reliance Jio managed network services for its retail outlets

Jio has won IOCL order for providing SD-WAN solutions for retail automation and critical business processes, such as payment processing, QOS and 24x7 support

Jio deposits Rs 3,720 cr in SBI escrow account to acquire Reliance Infratel

NCLT gave approval to Jio to acquire Reliance Infratel (RITL) in November

Indian Oil selects Jio's managed network services for its petrol pumps

Indian Oil Corporation (IOC), the nation's largest oil firm, has selected Reliance Jio's managed network services to connect a fifth of its petrol pump network. Jio will connect 7,200 IOC sites with SD-WAN managed service solution, zero-touch provisioning and 24x7 real-time monitoring, the firm said in a statement Thursday. "Jio wins IOC order for providing SD-WAN solution that will power IOC's retail automation and critical business processes, such as payment processing, daily price updates, remote desktop protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24x7 support across 28 states and 8 union territories," it said in a statement. JioBusiness, the enterprise arm of Reliance Jio Infocomm Ltd will be deploying and managing SD-WAN (Software Defined Wide Area Network) for IOC across its 7,200 retail outlets for a period of 5 years. Speaking on the win, Prateek Pashine, Head Enterprise, Reliance Jio said, "We look forward

Jio deposits Rs 3,720 cr in SBI escrow account to acquire Reliance Infratel

Reliance Projects and Property Management Services, a subsidiary of telecom major Jio, has deposited Rs 3,720 crore in an SBI escrow account to acquire mobile tower and fibre assets of Reliance Infratel. The National Company Law Tribunal (NCLT) gave approval to Jio for the acquisition of Reliance Infratel (RITL) in November. "Reliance Infratel transaction is complete. Jio has deposited Rs 3,720 crore in a SBI escrow account as directed by NCLT," a source told PTI. Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications. The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is ..

Telecos divided over benefits of artificial intelligence, big data tech

Operators have taken up conflicting positions on the need to create common AI terminology standards before leveraging the new-age technology in the telecom industry

Jio installed 5x more 5G radios than Airtel as of Nov: Telecom dept in RS

Airtel cites difference in tech after govt presents data in Rajya Sabha

32 mn tune into JioCinema to watch Fifa World Cup final match: Viacom18

If viewership of television (Sports18) and digital (JioCinema) were combined, the broadcaster said, then the Fifa World Cup saw 40 billion minutes of watch time being registered during the tournament

Ericsson scaling up production in phases at Pune to meet India' 5G demand

Ericsson is supplying its equipment to both Bharti Airtel and Reliance Jio while Vodafone Idea is yet to finalise its 5G plans

Mobile user base dips for second straight month, shrinks by 1.82 million

The number of mobile users has fallen twice in the past eight months now, latest fall concentrated in urban India

Fifa World Cup 2022 final: 32 million watched the match on JioCinema

Fifa World Cup 2022: Across Sports18 and Jio Cinema, the total watch time of the tournament was 40 billion minutes

Jio 5G now compatible with iPhone 12, newer models with latest iOS update

Reliance Jio 5G services are now accessible on Apple iPhone 12 and newer models after consumers install the latest iOS update version 16.2. The company has started sending notifications to customers who are using iPhone to upgrade their device to access the 5G service. "Your iPhone is Jio True 5G ready. Upgrade to the latest software now," the notification says. According to a company source, Apple iPhone 12 and newer models iPhone 14, 13, 12 and SE 2022 will support Jio True 5G. "Your iPhone will require a software upgrade, which will directly get pushed to your device from Apple. Please ensure you install iOS 16.2 or later to make your phone 5G-ready," the source added. After installing the update, customers will need to select 5G Auto or 'turn on 5G Standalone' from their mobile data section in the settings. "Jio Welcome Offer will be provided to the subscriber automatically as soon as his location has Jio True 5G. We will communicate to the subscriber once he has been provide

Reliance Jio True 5G: List of supported Apple iPhones and how-to enable it

Earlier this week, Apple announced that 5G cellular support has been enabled for the new iPhone 14, iPhone 13, iPhone SE and iPhone 12 lineups in India, as India enters the 5G era

Madhya Pradesh will progress rapidly with arrival of 5G services: CM

Jio started its 5G services in MP by dedicating the high-speed services from the holy shrine of Mahakaleshwar Jyotirlinga and Shri Mahakaal Mahalok

Private companies lap up Esri's GIS software for multiple uses

Government departments have used it to build village land records, track rural roads, and manage water resources

Reliance Jio joins OnePlus to bring 'True 5G' tech ecosystem to India

The Jio and OnePlus teams have been actively working together at the backend to make 5G technology more accessible to the consumers

Reliance Jio partners with Realme to bring 'True 5G' on its new devices

Jio 'True 5G' has a three-fold advantage that makes it the only True 5G network in the country

What's powering the rally in Reliance Industries' stock?

Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on diesel and aviation fuel

Reliance Jio launches JioGamesCloud: What is it, how to sign-up, and more

JioGamesCloud is a cloud gaming service currently available in beta on the JioGames app for smartphones, web browsers, and the Jio Set Top Box