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.
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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.
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India's ongoing spectrum auction has brought in almost twice the projected revenue so far, according to Communications Minister Ravi Shankar Prasad.
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India has taken the biggest step so far in a plan to merge its two state-owned telcos, by transferring mobile operations in Delhi and Mumbai from one to the other.
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Reliance Industries Limited has called on the Indian government to intervene and end what it has described as "illegal acts of vandalism by miscreants" in Punjab and Haryana.
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Capacity shares 5 key stories from around the world making headlines today!
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Indians are boycotting Reliance Jio as protests over the country's agricultural reforms intensify.
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India could get its first 5G services in the second half of 2021 after Reliance boss Mukesh Ambani said Jio would "pioneer the 5G revolution".
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Reliance Industries has generated eight investments in its retail subsidiary Reliance Retail Ventures Limited (RRVL), however a legal notice from Amazon could be about to put the brakes on the momentum.
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India’s mobile market is seeing a shakeup of the top players as new data suggested Jio’s dominance could be threatened by Airtel.
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Japan’s Rakuten Mobile is rolling out cloud-based 5G services in main cities, available to all users with a suitable device for no extra cost.
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KKR has made a second investment in a Reliance Industries’ company, this time backing the firm’s retail subsidiary in return for a 1.28% equity stake.
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India’s Vodafone Idea, which yesterday rebranded as Vi, will lose market share to its two big rivals, Reliance Jio and Bharti Airtel, says ratings agency Fitch.
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Days after India’s Vodafone Idea won the right to pay off its US$7 billion tax bill over 10 years, the company announced a rebrand.
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In the strongest confirmation of its ambitions to date, Reliance Industrial Investments has sold approximately 135,000 Jio-owned towers and, through Reliance Retail Ventures Limited, has acquired logistics and retail capabilities from the Future Group.
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New regulations in India are likely to result in a full ban against ZTE and Huawei participating in the country’s 5G trials.
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This episode features editor-in-chief Joao Marques Lima, editor-at-large Alan Burkitt-Gray, deputy editor Melanie Mingas and senior reporters Abigail Opiah and Natalie Bannerman.
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The Qatar Investment Authority (QIA) is reportedly in talks to acquire a $1.5 billion (Rs 11,200 Crores) stake in Reliance JioFiber infrastructure.
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Japanese retailer Rakuten is set to launch its 5G network next month, the first in the world to be using open standards for its radio network.
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India’s Supreme Court has said it will not step back from its demand that two major telcos must pay their back taxes of US$13 billion.
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Reliance Jio is adding customers in India at the rate of 4.6 million a month, while both of the other major operators are losing 7.5 million a month between them.
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Alphabet’s Google has taken a 7.73% stake in Jio Platforms, paving the way for the two to collaborate on entry level, affordable smartphones.
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Indian fintech and e-commerce firm Paytm has returned to the high court in Delhi, providing further evidence that an increase in customer fraud attacks is due to the inaction of telcos and their regulator.
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Intel Capital, the investment arm of Intel Corp (NASDAQ: INTC) has joined the growing list of global firms investing in a stake in India’s digital future.
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A net debt-free Jio Platforms is looking to lift its fortunes further with a possible public listing by 2024.
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Saudi Arabia’s Public Investment Fund (PIF) has become the 10th investor to back Reliance Industries’ Jio Platforms, taking a 2.32% equity stake for US$1.5 billion.
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Sinch has entered into a definitive agreement to acquire enterprise communications provider ACL Mobile for £56 million, a deal it said will provide a “gateway presence” in the world’s second largest mobile market.
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Two major UAE sovereign wealth funds have become the latest backers to claim a stake in India’s digital future in less than seven weeks, after Jio Platforms confirmed it has received almost US$2 billion over two deals.
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Bharti Telecom, parent company of Bharti Airtel (Airtel), has announced plans to sell a $1 billion stake in Airtel.
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Jio Platforms has raised a further US$1.5 billion after global investment firm KKR became the fifth company in as many weeks to back the Indian telco and tech giant.
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Jio Platforms is to receive another multi-million-dollar investment following news that global growth equity firm General Atlantic has taken a 1.34% equity stake in the Indian digital services platform.
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India has confirmed it is to delay auctions for 4G and 5G spectrum scheduled for this financial year and, while some analysts have put the delay down to the logistical challenges posed by Covid-19 lockdowns, others have noted that the decision has bought time for cash-strapped operators and regulators conflicted over the involvement of Huawei.
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Reliance Industries and Jio Platforms have confirmed a third investor in less than a month, after Vista Equity Partners followed in the footsteps of Facebook and Silver Lake by taking an equity stake in the company.
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US-based tech investment firm Silver Lake has paid US$746.8 million dollars for a 1.5% stake in Jio Platforms, part of Reliance Industry’s telecoms arm Reliance Jio.
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Reliance Industries Limited has launched India’s biggest rights issue to date to reduce the US$44.4 billion it holds in outstanding debt.
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Analysts have welcomed Facebook’s US$5.7 billion in the services arm of India’s Reliance Industries.
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The Indian government must step in to assist the country’s top telcos in paying off around US$54.46 billion in debt, and bring an end to the “AGR storm” that has consumed the industry.
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Japanese cloud-based mobile carrier Rakuten has launched its roaming agreement with KDDI to allow customers to keep in touch across the country.