Reliance Jio Infocomm
The telecom industry in India is the second largest in the world with a subscriber base of 1.17 billion as of September 2022 (wireless + wireline subscribers).
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.
- Third largest telecom-operator in India
- 421.05 million subscribers until April 2022
- Total wireless and wireline subscriber base stood at 438.58 million and 9.17 million, respectively, as of June 2023.
- Lowest call drops in the country
- Consolidated net profit stood at US$ 603.83 million (Rs. 4,984 crore) in the fourth quarter of FY23
Reliance Jio Infocomm – Jio Digital Life
| Year | Milestone |
|---|---|
| 2023 |
In August 2023, Jio Bharat announced that it will enable the existing 250 million feature phone users with internet-enabled phones. In May 2023, Telecom market leader Reliance Jio came on track to cross the 500 million subscriber mark by FY26. 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. In March 2023, Reliance Jio announced the launch of its True 5G services in 365 cities (34 new cities) across the country. They have taken loans worth US$ 3 billion to fund Reliance Industries’ capital expenditure and the 5G expansion of Jio. In February 2023, Jio launched true 5G in 277 cities across the nation. |
| 2022 |
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”) |
| 2021 |
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. |
| 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 Became the second largest operator in terms of subscribers in India 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 Launched its Jiophone |
| 2016 |
Surpasses 50 million subscribers within 83 days of launch Commercial roll-out of services in September 2016 |
| 2013 |
Infotel Broadband renamed as Reliance Jio Infocomm |
| 2010 |
Reliance Industries Limited purchased 95% stake in Infotel Broadband |
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