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Tag: Jio

Reliance-Jio
US Private-Equity Firm KKR Buys 2.32% Stake In Reliance Jio For Rs 11,367 Crore

New Delhi: Reliance Industries on Friday announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. This is KKR’s […]

Vista-Jio
Vista Equity Partners to buy 2.32 pc stake in Jio Platforms for Rs 11,367 cr

New Delhi: US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani’s digital unit, Jio Platforms, for Rs 11,367 crore, the company announced on Friday. “This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh […]

Jio-Platforms
After Facebook, Pvt equity firm Silver Lake invests Rs 5655.75 cr in Jio Platforms

Menlo Park/New Delhi:  In yet another major development, Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”) announced on Monday morning that Silver Lake will invest Rs 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 […]

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Jio, Facebook to open up commerce opportunities in India: Mark Zuckerberg

New Delhi: As Facebook is set to take up nearly 10 per cent stake in Reliance Jio, Mark Zuckerberg, the Facebook CEO on Wednesday said that both the companies would work on some major projects to open up commerce opportunities for people in India. Zuckerberg in a Facebook post said that India is in the […]

Jio
Jio seeks data price hike to Rs 20/GB over 6 months

New Delhi: Reliance Jio has proposed to TRAI that wireless data prices are gradually increased to Rs 20 per GB from Rs 15 per GB currently, after six to nine months while suggesting floor rate for data prices. While advocating for TRAI’s intervention to prescribe floor price for wireless data service, Jio said voice tariff […]

Reliance Jio offer and recharge plans
Jio becomes Odisha's number one mobile service provider

Bhubaneswar: Reliance Jio has become the number one mobile service provider in Odisha with highest number of mobile subscribers as well as dominant revenue market share. As per the latest data released by Telecom Regulatory Authority of India (TRAI), Jio achieved this significant feat in the state with 1.18 crore mobile subscribers overtaking Airtel in […]

mukesh212
Microsoft-Jio Defining Partnership Of Decade: Mukesh Ambani

Mumbai: Congratulating Microsoft CEO Satya Nadella for his leadership of the organisation, Reliance Industries Ltd. (RIL) Chairman and Managing Director Mukesh Ambani said on Monday that the collaboration between Microsoft and Jio would be the defining partnership of the decade. The partnership between the two organizations, announced at the Microsoft’ “Future Decoded Summit’ here, is […]

Jio-WiFi-Calling
Jio Launches Voice & Video WiFi Calling

New Delhi: Taking on Airtel, Reliance Jio on Wednesday announced the availability of nation-wide Voice and Video over Wi-Fi service which will work on any Wi-Fi, anywhere in India and supports over 150 handset models. The service makes crystal-clear voice and video calls through Wi-Fi at no additional cost. “To further reinforce its customer-obsession and […]

reliance jio offer Jio Digital Pack data extended
Jio Tops Subscription Race Despite Voice Call Charges

New Delhi: Reliance Jio added over 91 lakh new subscribers in October, taking its total subscriber base to 36.43 crore, according to data released by the Telecom Regulatory Authority of India (TRAI). Interestingly, this increase in the number of subscribers for Jio comes although in the same month it announced to charge calls to other […]

Airtel-Jio
Airtel Launches Wi-Fi Calling Services, Jio May Follow

New Delhi: Airtel has launched Wi-Fi calling after testing it for months, but for now it will work only on Airtel Xstream Fiber and on select smartphones. The Wi-Fi calling is being rolled out for prepaid and postpaid subscribers across the country, according to Airtel here on Tuesday. “It is currently available in Delhi NCR […]

jioo
Jio Announces New 'All In One Plans'

New Delhi: Jio, the world’s largest mobile data operator, on Wednesday announced the ‘New-All-In–One-Plans’ which will provide up to 300% more benefits to the Jio consumers, upholding the Jio promise of providing the best-quality service at the lowest price globally. These plans will go-live on December 6 and can be opted from all existing touchpoints. […]

jioo
Jio Hikes Tariff Plans, Rates Increased Up To 40%

Mumbai: After Vodafone Idea and Bharti Airtel, Reliance Jio on Sunday announced new tariff plans with up to 40 per cent increase in prices. The new “all-in-one” plans will come into effect from December 6, Reliance Jio said in a statement, adding that customers would now on get more benefits too. “Jio will be introducing […]

Telcos
Cabinet Gives Rs 42,000 Cr Cash Flow To Telcos In Two-Year Moratorium

New Delhi: In a big relief to the telcos – Airtel, Vodafone and Jio, the Union Cabinet has approved the recommendation of the Committee of Secretaries (CoS) and allowed telcos a two-year moratorium on spectrum-related dues which translates into a Rs 42,000 crore financial support to the stressed sector. Deferment of spectrum auction installments would […]

jioo
Jio To Hike Phone Call & Data Charges Again!

New Delhi: Billionaire Mukesh Ambani’s Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike. Jio, which had stormed the telecom sector with free voice calls and dirt […]

Airtel broadband internet best plan
Grab It! Airtel Now Provides 1Gbps At Just Rs 799, Avail Best Offers

In a bid to stand tall in the telecommunication sector, Bharti Airtel recently unveiled a new brand identity ‘Airtel Xstream Fibre’ for its home broadband services. All home broadband plans will now be available under the new brand umbrella. The new brand identity reflects the strength of Airtel’s future ready network that offers ultra-fast broadband […]

Airtel-Jio
Airtel Fastest In Downloads, Jio Tops 4G Availability

New Delhi: Bharti Airtel has displayed fastest download speeds of 9.6 mbps and best video experience across all telecom circles in India, while Reliance Jio has extended its 4G availability to 97 per cent, according to OpenSignal’s latest mobile network experience report. Airtel has excelled in the download speed experience category by scoring 9.6 mbps, […]

airtel-jio-voda
Jio Adds 84.45 Lakh New Users In August

New Delhi: Reliance Jio continued to be the only operator to add new subscribers, as the telecom major added 84.45 lakh users in August, taking its customer base to 34.82 crore, while its competitors Airtel and Vodafone Idea kept losing their subscriber base. According to data released by the Telecom Regulatory Authority of India (TRAI), […]

jio
Jio's value proposition strong despite charge: Merrill Lynch

Mumbai: Investment management company Merrill Lynch on Wednesday said Jio may continue its growth momentum as it remains the cheapest offering despite charging 6p for off-net calls. Merrill Lynch expects the subscriber momentum to slowdown in FY21-22 but expect average revenue per use (ARPU) improvement on back of tariff hike. “We believe its value proposition […]

Telcos Paid Rs 11,838 Cr As IUC In 2018, Voda Leads

Gurugram: The telecom operators paid a total of Rs 11,838 crore as IUC or interconnect user charges in 2018, led by Vodafone which paid Rs 4,214 crore followed by Airtel at Rs 3,411 crore and Jio at Rs 2,809 crore, a new report by market research firm techARC said on Friday. BSNL/MTNL paid Rs 1,405 […]

Reliance-Jio-new-call-rates
Jio New Call Rates Notice Draws Mixed Reactions, IUC Explained Here

In a major announcement on Wednesday, Reliance Jio revealed that due to the undergoing regulatory policy changes for mobile-call-related charges, the Telecom major is compelled to recover interconnect user charge ( IUC ) for NON-Jio mobile voice calls. As per the new policy, all calls to NON-Jio mobile numbers will be charges at 6 paise/minute, […]

jioo
Jio Announces Major Changes In Voice Call Plans

New Delhi: Forced by regulatory uncertainty over review of sunset clause for call termination charges, billionaire Mukesh Ambani’s Reliance Jio on Wednesday announced it will charge customers 6 paise per minute for voice calls made to rival phone networks, but will compensate them by giving free data of equal value. In a statement, Jio said […]

jio-fiber
JioFiber Enters 1,600 Indian Cities, Plans Start From Rs 699

Mumbai: Set to create massive ripples in the growing digital streaming and video-on-demand market, Reliance Jio on Thursday commercially rolled out its fiber-to-the-home (FTTH) service “JioFiber” across 1,600 cities in India where the users will have an integrated experience of broadband, on-demand entertainment, voice-video calling and unlimited data, among others. With the Jiofiber welcome offer, […]

airtel-jio-voda
Telecom outlook negative: India Ratings

New Delhi: Credit profiles of telecom operators (telcos) will remain under pressure in the medium term due to intense competition, elevated debt levels and continued reliance on capital infusion for debt servicing and capex, India Ratings, a Fitch Group company has said. Reliance Jio will be the only telco whose market share may increase to […]

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Jio adds, Vodafone loses customers in June: TRAI data

New Delhi: Reliance Jio continued to be on a spree on net addition of mobile subscribers adding over 82 lakh new users while Airtel lost 29,883 and Vodafone Idea had to let go of a massive 41 lakh customers as on June 30, 2019, according to data released by the Telecom Regulatory Authority of India […]

JIO
Jio GigaFiber's commercial services start Sep 5

Mumbai: Reliance Industries (RIL) Chairman Mukesh Ambani on Monday announced the launch of Jio GigaFiber and said that the services would be available commercially from September 5. Speaking to shareholders at the 42nd Annual General Meeting (AGM), Ambani said that the tariff plans would be priced between Rs 700 and Rs 10,000 per month. “We are […]