Reliance Jio Infocomm

Jio could list at a $112 billion valuation, potentially boosting RIL's share price by 7-15 percent, Jefferies said.

Jio Platforms Q3 profit rises 11.6% to Rs 5,445 crore on robust subscriber growth

Telecom unit, Reliance Jio Infocomm Ltd said December quarter net profit rose 12.3 percent to Rs 5,208 crore as more users chose the company’s mobile phone services. It added 11.2 million users in the December quarter for a total of 470.9 million.

Jio partners with TM Forum, launches first innovation hub with focus on using GenAI in telcos

The Innovation Hub’s first focus area is the application of Generative AI and LLM to priority use cases for telcos, including developing a blueprint to simplify responsible use of Gen AI for brownfield telecoms technology landscapes.

Reliance Jio FY23 EBITDA up a solid 24.2% on strong revenue growth of 17.9%

Reliance Jio Q4 results: Net profit came in at Rs 4,716 crore, rising 13 percent YoY while revenue rose 12 percent YoY to Rs 23,394 crore.

Reliance stands robust with strong operating performance in Q3

Reliance Industries Q3 | Consolidated revenue for the quarter at Rs 2.4 lakh crore increased by 14.8 percent YoY, supported by continuing growth momentum in consumer businesses. Digital services and retail segments recorded double-digit growth.

5G Spectrum Auction | Reliance Jio top bidder with Rs 88,078-crore offer

As per terms of the spectrum auction, the payments will have to be made over 20 equated annual installments, with interest computed at 7.2 percent per annum.

Reliance Jio Q1 Results | Net profit rises 24%, topline 21.6% on higher per-user revenue

The ARPU during the quarter stood at Rs 175.7 per subscriber per month with a YoY growth of 27 percent and the company added 9.7 million net new customers to its folds

Jio adds most subscribers in May cementing lead as Vodafone Idea, BSNL, and MTNL lose users

As of May 31, the top five wireless broadband service providers were Jio at 40.87 crore subscribers, Airtel at 21.23 crore, Vodafone Idea at 12.32 crore, BSNL at 2.17 crore and Intech Online at 0.021 crore.

Reliance Jio Q4 profit jumps 47.5% YoY to Rs 3,508 cr, ARPU stands at Rs 138.2

The telecom giant posted a consolidated revenue from operations at Rs 18,278 crore.

Airtel becomes latest telco to make upfront payment for spectrum to DoT

Bharti Airtel picked up 355.45 MHz of spectrum worth Rs 18,698.75 crore in the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz bands.

It's a relief for investors that telcos haven't paid high prices for spectrum this time

Industry leaders Reliance Jio and Bharti Airtel enhanced their spectrum holdings, purchasing more than their renewal requirements

Opportune moment for the Jio-Facebook deal, fair value of RIL stock at Rs 1,800: Experts

Facebook deal is a part of deleveraging balance sheet by Reliance Industries and RIL wants to sell stake in key segments to reduce the debt burden, experts feel.

After shedding over 1 lakh employees in last 2 years, telcos may hire 33,100 in H1 FY20

To help with network digitisation and preparing for 5G, telcos are targeting companies such as Microsoft, Google, TCS, HCL Technologies, Ericsson and Nokia for recruitment

RCom completes sale of fibre assets to Reliance Jio for Rs 3,000 crore

The announcement marks the wrapping-up of yet another portion of a larger deal inked between RCom and Reliance Jio in December last year.

Manipur deputy commissioner urges Mukesh Ambani to set up mobile towers in hilly areas

The letter to Ambani was written by Armstrong Pame, Deputy Commissioner of Tamenglong, who was instrumental in building a 100 km motorable road without government help five years ago when he was the Sub-Divisional Magistrate of Tousem.

OPINION-A year on since last Teacher’s Day, there are lessons from Reliance Jio’s progress

In no market in the world do the incumbents change the rule of the game but nor does a challenger set the rules in a manner Reliance did.

Bharti's credit rating unaffected by Infratel stake sale: Moody's

"Although the stake sale is aligned with management's commitment to reduce absolute debt levels, we believe the net effect is muted by the company's recently announced acquisitions and intense price competition which is pressuring operating profits industry-wide," Moody's Vice President and Senior Credit Officer Annalisa Di Chiara said in a statement.

Jio effect: Tata Tele mulls merger with RCom-Aircel-MTS combine

Tata Teleservices is reportedly in talks with RCom-Aircel and MTS combined entity, for a merger to counter the rising competitive pressure triggered by the launch of Reliance Jio Infocomm, reports The Economic Times today.

Trai forms joint panel to identify outdated regulations

Telecom regulator Trai has set up a joint committee consisting of industry representatives to examine and identify regulations and tariff orders that are out of sync with times.

Govt issues notices to RJio, Paytm for using PM photo in advts

The government has slapped notices on billionaire Mukesh Ambani-led Reliance Jio Infocomm and Paytm for using the Prime Minister's photograph in their advertisements.

Vodafone says pressures in India and UK to weigh on earnings

India, where new entrant Jio has shaken up the market, overshadowed continued growth in Europe, with the exception of its home British market. It reported a 1.7 percent rise in organic service revenue for its third quarter.

Reliance Jio to invest Rs 30,000 cr more in networks

New telecom operator Reliance Jio Infocomm is planning to invest Rs 30,000 crore more to expand coverage and increase network capacity.

Bharti Airtel slashes prepaid tariffs

For Rs 345 (USD 5.12), Bharti Airtel will allow users to make unlimited calls to any network and consume 1 GB 4G data for 28 days, the carrier said in a statement. Under a separate plan of Rs 145, users will get 300 MB of 4G data and unlimited calls within Airtel network for 28 days, it said.

Vodafone loss doubles to $5.5 billion due to India write-down

Vodafone said its loss after tax soared to 5.1 billion euros (USD 5.5 billion) in the six months to September 30, compared with a net loss of 2.5 billion euros one year earlier.

Reliance Jio to install 45,000 mobile towers in 6 months

"Reliance Jio in meeting with Telecom Minister (Manoj Sinha) has committed to invest 45,000 crore mobile towers in next 6 months to further strengthen its network. The company has said that it has plans to invest Rs 1 lakh crore over a period of 4 years and the new towers are part of this investment," an official source told PTI.