Reliance Jio
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Reliance Jio is in talks to raise up to US$2 billion in offshore loans to buy Ericsson 5G equipment according to a report from the Economic Times. -
The Indian market for fixed broadband is rising fast, with Reliance Jio set to be lead supplier in terms of number of subscriptions.
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India’s mobile companies are calling on operators of so-called over-the-top (OTT) apps to pay them for carrying their traffic.
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India’s Reliance Jio has entered into partnerships with both Nokia and Ericsson as it looks to bolster its 5G rollout across the country.
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India’s 5G launch is imminent, Ashwini Vaishnaw, the country’s telecoms minister revealed on Twitter.
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Reliance Jio has spent around US$11 billion at India’s 5G spectrum auction, paving the way for its 5G rollout.
Forthcoming events
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India’s financial regulator has fined Reliance Industries, the owner of Jio, for failing to announce Facebook’s US$5.7 billion investment. Two compliance officers were also fined.
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As India’s 5G spectrum auction was again delayed, leading Indian telcos Airtel, Jio and Vodafone Idea have opposed plans to offer 5G spectrum to private captive networks, claiming it could provide back door entries to private companies.
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Ericsson, IBM and Jio have all released their latest financial results in recent days, kicking off the latest reporting season.
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Reliance Jio (RJIL) has paid Rs 30,791 (£3.03 million) towards clearing prepayment of deferred spectrum acquired before March 2021.
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Indian banks are in discussions about converting Vodafone Idea’s debts into equity, effectively taking over one of the country’s three main mobile operators.
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The Indian government appears to have blinked first in its fight with its telecoms operators and others over back taxes worth billions.
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The chairman of the company that owns 27% of Indian mobile operator Vodafone Idea has offered to transfer the group’s entire shareholding to the government to help stave off collapse.
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Reliance Jio Infocomm Limited (Jio) and Google Cloud have formed a long-term strategic relationship with a goal of powering 5G to enterprise and consumer customers across India.
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The company that owns Indian operator Reliance Jio will continue to pay the salary of staff who have died of Covid-19 for five years.
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Indian MNOs Bharti Airtel and Reliance Jio Infocomm have entered into an agreement to trade spectrum.
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Japanese technology company Rakuten, which has launched a cloud-based 5G network, has raised 242 billion yen (US$2.2 billion) by selling stakes to Japan Post, Tencent and Walmart.
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India's mobile operators spent a combined US$11 billion on spectrum in the country's latest auction.
