Reliance Jio is relatively ahead of its peers in preparing for fixed wireless access (FWA) deployment because of its wider 5G coverage, availability of wider-spectrum bands including 700MHz, and improved fibre infrastructure, among others, said Emkay Global Financial Services in a report. Stating that Reliance Jio has already committed to a USD 25 billion investment […]
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Reliance Jio prepays Rs 30,791 cr clearing all deferred spectrum liabilities acquired in auctions prior to March 2021
Reliance Jio Infocomm Ltd (RJIL), a subsidiary of Jio Platforms Limited, on Wednesday announced that it has paid Rs 30,791 crore (including accrued interest) to the Department of Telecom towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions of years 2014, 2015, 2016 and the spectrum acquired in the year 2021 through […]
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Reliance Jio lost 1.9 crore users in September, Airtel gains 2.7 lakh new users
Jio’s second quarter (FY22) was not very good in increasing the number of subscribers. It has suffered a significant loss in the form of mobile subscribers in September. Also Read – Is JioPhone Next really worth the wait? Here’s what is causing the delay According to the Telecom Regulatory Authority of India […]
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Jio records USD 10 billion annualized revenue run-rate in Q3 results
Jio Platforms Ltd has achieved USD 10 billion annualized operating revenue run-rate during the third quarter of 2020-21. “JPL has achieved a milestone this quarter with annualised operating revenue run-rate of USD 10 billion with strong Revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization) growth,” a JPL release said. It said that quarterly […]
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Reliance Jio offers Disney+ Hotstar subscription with ₹222 plan
Reliance Jio earlier this month introduced a VIP subscription of Disney+ Hotstar worth ₹399 with select recharge plans and data vouchers. Now word is that the company has introduced a new voucher that offers the VIP subscription of Disney+ Hotstar to the subscribers. The new ₹222 voucher apart from offering VIP subscription […]
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Reliance Jio vs Airtel: Top prepaid plans under ₹500 that offer 2GB data per day
The lockdown enforced to contain the spread of Covid-19 pandemic has forced employees to work from home and students to study from home. This has not only increased the residential broadband usage but also increased the mobile broadband usage. Additionally, usage of e-learning platforms and video streaming platforms has also […]
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L Catterton to invest Rs 1,894.50 crore in RIL’s Jio Platforms
L Catterton, one of the world’s largest consumer-focused private equity firms, will pick up a 0.39% stake for Rs 1894.50 crore in Reliance Industries Limited’s digital unit Jio Platforms. This is an unprecedented tenth investment in Jio Platforms in seven weeks since April 22 this year. The oil-to-telecoms conglomerate raised […]
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Reliance Jio may have to pick between Google and Microsoft for its final tranche of investments
Mukesh Ambani’s Reliance Jio has done the unthinkable – it has raised almost ₹1 lakh crore (almost $13 billion) in the middle of a global lockdown with eight investments in seven weeks. And Asia’s richest man is not yet done. While the next investment from Saudi Arabia’s sovereign Public Investment […]
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Reliance Jio offers 1-year free Disney+ Hotstar VIP subscription
Reliance Jio has launched a new scheme under which it is offering 1-year complimentary Disney+ Hotstar VIP subscription worth ₹399 to its prepaid users. The subscription is offered through different prepaid plans including add-on data packs. The scheme is available for both new and existing users. Here’s how Jio prepaid users can get […]
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6 weeks, ₹87,000 crore: Rounding up all of Reliance Jio investments so far
Saying that Reliance Jio has been on a roll will not justify a feat like this. In six weeks, Reliance Industries Limited (RIL) has managed to raise ₹87,655.35 crore from foreign investors. This includes its latest deal with Abu Dhabi-based investor Mubadala Investment Company who will be investing ₹9,093.60 crore in Jio […]
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Jio Platforms raises Rs 13,640 crore in 1 day
Reliance Industries Ltd (RIL) on Friday announced two large investments by foreign investors totalling ₹13,640.4 crore into Jio Platforms Ltd. With this, the digital services unit of RIL has raised ₹92,202.15 crore from top global investors in less than six weeks. In the first transaction, Abu Dhabi-based Mubadala Investment Co. […]
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Reliance JioMart website goes live, offers discounts on select products
Reliance Jio’s e-commerce portal JioMart has finally gone live after months of testing. The website of the new e-commerce venture has gone live and the company has also started receiving orders from serviceable pincodes. The website claims to be selling certain products at a minimum of 5% below the MRP. The e-commerce website is […]
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Reliance Jio gets $873 million investment from General Atlantic
Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc. The U.S.-based private equity fund’s agreement to take a 1.3% stake sets an enterprise value of 5.16 trillion rupees ($68 […]
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Reliance Jio launches new ₹999 recharge plan with 3GB daily data
Reliance Jio has launched a new quarterly plan priced at ₹999. This prepaid plan comes with all the usual Jio freebies along with 3GB data per day. Jio is also pitching it as a recharge plan that can benefit work from home. Jio’s quarterly plan as the name suggests comes with a validity […]