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
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|
|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|