In March 2023, Jio plans to acquire US based communications equipment maker Mimosa Networks for US$ 60 million to strengthen its 5G and broadband services.
They have taken loans worth US$ 3 billion to fund Reliance Industries’ capital expenditure and the 5G expansion of Jio.
In February 2023, Jio launches true 5G in 277 cities across the nation.
In December 2022, Chief Minister of Kerala Mr. Pinarayi Vijayan inaugurates Jio True 5G in Kochi city.
In November 2022, first company to launch 5G in Delhi- NCR.
In August 2022, the company visioned to invest US$ 24.38 billion (Rs. 2 trillion) in the roll-out of a standalone 5G network.
In April 2022, Jio fiber launches entertainment bonanza, a set up box.
In February 2022, Glance, a leading AI-driven lock-screen platform, bagged an investment of US$ 200 million from Jio.
Platforms Limited (“Jio”)
In October 2021, to enhance the customer experience, Reliance Jio Infocomm Ltd. deployed an additional 5MHz spectrum in 1800 band in Karnataka.
In April 2021, Jio announced signing of the definitive agreement for trading of rights to use spectrum in the 800Mhz band with Bharti Airtel Limited in the Andhra Pradesh, Delhi and Mumbai circles
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.
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