SENSEX NIFTY
Home » News » CNBC-TV18 Comments
May 17, 2012, 08.16 AM IST | Source: CNBC-TV18

RIL hopes to launch 4G service by 2012-end:Sources

Reliance Industries (RIL) hopes to launch its wireless broadband services via fourth generation (4G) enabled devices by the year-end, say CNBC-TV18 sources.

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

READ MORE ON  Reliance Industries
Set email alert for

ADS BY GOOGLE

video of the day

Modi premium over, market focusing on quality: Ridham Desai

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.