India needs a multi-pronged approach to connect its 1.3 billion people and there will be no conflict of interest among vendor partners post Google's investment in Bharti Airtel
The company has created teams to focus on dedicated solutions for 5G deployment in India, Reliance Jio Infocomm President Kiran Thomas said on Friday evening
Clocks Rs 3,795 cr but sees fall in customers for 2nd quarter
The company had posted a net profit of Rs 3,486 crore in the same period a year ago
Jio Platforms is the parent of telecom player Reliance Jio
The company estimates that the above prepayments will result in interest cost savings of around Rs 1,200 crore
Jio's rise to number one in the segment is within two years of its commercial launch
In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20 -year-old state-run telecom company BSNL as top service provider in the segment
Lenders awaiting RCom's debt resolution since May 2018
Vodafone Idea continues to lose customers and in November its subscriber base shrank by 1.8 million
With no duopoly, Airtel and Jio will now concentrate on improving their bottom lines rather than playing the pricing game to target Vi customers or ensure its demise
This will result in dilution for all the existing shareholders of the company, including the founders
Over the past four years, Reliance Industries has invested $5.7 bn across verticals, with $2 bn in 2021 alone. As the investments becomes enormous, analysts say RIL should considers a de-merger now
Jio users can now set standing instructions for auto-debit for their tariff plans through UPI after a tie-up between the telecom player and NPCI
This will entail integration of products and strong synergies in user engagement and distribution in a future-ready ecosystem that will benefit over 450 million users
Having the family jointly oversee the whole may be a superior option to dividing up oil refining and petrochemicals, telecom and retail assets.
Mukesh Ambani's Reliance Jio Infocomm Ltd is planning its biggest ever rupee bond sale as it targets gains in market share
The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.
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Samsung provided the 4G network for Jio and is also doing trial runs for 5G for the company in some cities