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Reliance Jio Infocomm

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Reliance Jio Infocomm

  • Third largest telecom-operator in India
  • More than 400 million subscribers
  • Total broadband subscribers stood at 405.65 million at end of September 2020
  • Lowest call drops in the country
  • Net profit stood at Rs. 3,489 crore (US$ 475.75 million) in the third quarter of FY21

Reliance Jio is an entire ecosystem that allows Indians to live the digital life to the fullest. This ecosystem consists of powerful broadband networks, useful applications, best-in-class services and smart devices distributed to every doorstep in India. Jio’s media offerings include the most comprehensive libraries and programmes of recorded and live music, sports, live and catch up television, movies and events. Jio is about creating connected intelligence for 6 billion global minds to unleash the power of a young nation. The three-pronged focus on broadband networks, affordable smartphones and the availability of rich content and applications has enabled Jio to create an integrated business strategy from the very beginning, and today, Jio is capable of offering a unique combination of telecom, high speed data, digital commerce, media and payment services.

Company Website: https://www.jio.com/

Reliance Jio Infocomm – Jio Digital Life

2021 In March 2021, JioBusiness introduced an integrated offering for micro, small, and medium businesses (MSMB) to offer integrated fibre connectivity & digital solutions.
In March 2021, Reliance Jio announced acquisition of the spectrum, gaining the right to use in all 22 circles across India.
In February 2021, JioPhone successfully upgraded more than 100 million feature phone users in India to the JioPhone network, bringing a new age of transformation for feature phone users in India.
2020 On November 24, 2020, Google acquired a 7.73% stake for Rs. 33,737 crore (US$ 4.5 billion) in Reliance Industries Ltd.’s (RIL) digital subsidiary—Jio Platforms Ltd.
On September 22, 2020, Jio announced its plans to launch Jio Smartphone worth Rs. 4,000 (US$ 54)
On July 15, 2020, Jio received investment of Rs. 33,737 crore (US$ 4.79 billion) from Google for a 7.7% stake. This takes the total investment by stakeholders in Jio Platforms to Rs. 152,056 crore (US$ 21.57 billion).
In June, Jio Platform received investment of Rs. 5,683.50 crore (US$ 806.28 million) from a unit of Abu Dhabi Investment Authority (ADIA), Rs. 9,093.60 crore (US$ 1.29 billion) from Abu Dhabi-based Mubadala Investment Co. and an additional investment of Rs. 4,546.80 crore (US$ 645.03 million) from Silver Lake
In May 2020, Jio Platform received investment of Rs. 5,655.75 crore (US$ 802.35 million) from Silver Lake, Rs. 11,367 crore (US$ 1.61 billion) from Vista Equity Partners and Rs. 6,598.38 crore (US$ 936.07 million) from General Atlantic
Facebook to invest US$ 5.7 billion in Jio Platforms Ltd
2019 Launched JioFiber in August
2019 Became the second largest operator in terms of subscribers in India
2019 Launched Digital Udaan for first time users
2018 Approved plan to spin off fibre and tower assets
Adjudged 'Best Mobile Operator Service for Consumers' at Mobile World Congress
2017 Announced acquisition of wireless spectrum, tower, fiber and MCN assets of Reliance Communications
2017 Launched its Jiophone
2016 Surpasses 50 million subscribers within 83 days of launch
2016 Commercial roll-out of services in September 2016
2013 Infotel Broadband renamed as Reliance Jio Infocomm
2010 Reliance Industries Limited purchased 95 per cent stake in Infotel Broadband

 

Telecommunications
India is one of the biggest consumer of data worldwide. As per TRAI, average wireless data usage per wireless data subscriber was 11 GB per month in FY20. It is expected to reach to 18 GB by 2024.