Reliance Industries (RIL) hopes to launch its wireless broadband services via fourth generation (4G) enabled devices by 2012-end, say CNBC-TV18 sources.
The company had entered a joint venture with De Shaw a year back to launch stock broking and trading services using RIL's (4G) broadband platform to reach customers and was to use DE Shaw's technology to devise innovative products and distribution methods to emerge as a differentiated financial services firm
RIL, say sources, was looking to launch 4G services in early 2012 but its plans are delayed due to business plan rejig. However, RIL is still not decided on the technology for its 4G services.
However, RIL will have to undertake a new investment plan which will need nods of RIL and DE Shaw Boards. RIL refused to comment on this story.
RIL is in talks with cable companies and broadcasters (vendors) to push content on multiple fourth-generation (4G)-enabled devices who have guaranteed to deliver in 3-4 months