"Reliance Jio is in discussion with MUFG (formerly The Bank of Tokyo-Mitsubishi UFJ) , Mizuho Bank and Sumitomo Mitsui Banking Corporation to raise USD 500 million," sources in the know of the development told PTI.
Jio has reinvented and reimagined the entire telecom market with its innovative product offering,” the Institute for Competitiveness
Data compiled by IFC showed that the average price of data has fallen from Rs 152/GB before Jio’s entry to Rs 10/GB now.
Three specific areas towards which Jio is making concerted efforts are agriculture, education and health, according to the report, echoing Reliance Chairman Mukesh Ambani’s previous assertions.
Jio has made data accessible and affordable, with average prices per GB dropping to Rs 10 from Rs 152, bringing the internet within the reach of a larger proportion of the Indian population.
"Jio is introducing a Cricket Season Pack that will allow cricket lovers to get access to their favourite live matches on mobile and stream almost every LIVE match throughout the duration of 51 days , available at Rs 251 only, offering 102 GB Data," Jio said in a statement.
Reliance Industries was one of the eleven applicants who were issued in-principle approvals by the regulator to set up payments banks back in 2015.
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Reliance Jio’s go-to option for investment and raising funds has previously been issuing optionally convertible preference shares (OCPS) to its shareholders.
JioMusic’s implied valuation for the transaction was USD 670 million.
The company also seems to be the go-to service provider for those wishing to switch providers.
SBI had yesterday moved the apex court challenging a tribunal's order, which was upheld by the Bombay High Court, allowing Ericsson to stake a claim on RCom Consolidated's assets.
The new device supports download speeds of upto 150 Mbps and upload speeds of upto 50 Mbps
This was revealed by Ambani, the richest Indian, in his acceptance speech last night after his oil-to-telecom conglomerate, Reliance Industries was presented with the 'Drivers of Change' award at the Financial Times ArcelorMittal Boldness in Business Awards.
Jio had lashed out at the incumbent operators as well as the COAI for their allegations that telecom regulator Trai's orders were favouring the newcomer.
As part of its expansion plans, Jio has announced the roll-out of Internet of Things (IoT) services in association with Samsung, which will help consumers and enterprises.
Speaking at the UP Investor Summit here, he said the investment will be over and above the Rs 20,000 crore Jio has already invested in the state in rolling out high-speed 4G telecom venture.
Below is the full text of the address of Reliance Industries chief Mukesh D Ambani at Day 1 of the Uttar Pradesh Investors' Summit 2018.
The new Facebook app for JioPhone will support push notifications, video, and links to external content.
The Olympic Winter Games — scheduled to be held in PyeongChang County, South Korea — will feature 102 events across 15 sports, including Skiing, Skating, Luge, Ski Jumping, Ice Hockey, Snow Boarding, among others.
"Reliance Jio would like to inform the public and media that there are no such apps offered by the company or its affiliates / associates. Any such apps using the JioCoin name are fake and people are advised to refrain from dealing with any of them," Reliance Jio said in a statement.
MediaTek General Manager (Wireless Communications BU) TL Lee said the devices are expected to be rolled out in the first quarter of the year.
The scrip of Idea Cellular tumbled 6.48 percent to Rs 92.95 and Reliance Communications lost 2 percent to Rs 28.60.
Reliance Jio as part of its 'Republic Day offer' will double the validity of Rs 98 pack to 28 days from the current 14 days from January 26 onwards.
The company now aims to expand its downstream presence, which stands at 1,291 outlets, with a simultaneous increase in overall throughput for petrol and diesel.