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After Reliance Jio, ZEE is Partnering with Bharti Airtel

20Aug By Gauri SinghNo Comments

BUSINESS

After Reliance Jio, ZEE is Partnering with Bharti Airtel

Soon after a disagreement and discontinuing the partnership with Reliance Jio, one of the largest Indian media platform Zee Entertainment Enterprises (ZEE) has entered into a 3-year multi-layered association with the largest telecom player Bharti Airtel. Following this partnership, Zee and Airtel will work together closely and create exclusive video content for Airtel’s video-on-demand app Airtel TV as well as for ZEE’s over-the-top (OTT) app ZEE5. Along with this, around 50 million Airtel TV app users will get access to ZEE5 content constituting ZEE5 Originals, movies, TV shows, plays and more as the subscription cost will be patched under Airtel TV’s plan. “It’s a larger partnership and a win-win for both of us. Airtel brings a huge consumer base, which today, potentially, is not ...

Airtel Reported First Ever Loss in Indian Telecom Sector

27Jul By NitishNo Comments

BUSINESS

Airtel Reported First Ever Loss in Indian Telecom Sector

India's one of the leading telecom company Bharti Airtel reported first ever loss of Rs 940 crore in the first quarter (June 2018) from its Telecom business. Airtel bleeds to retain market dominance in the face of free voice calls and dirt cheap tariffs from Reliance Jio, Vodaphone & idea. Bharti Airtel's India performance continued to face turbulence from the ongoing tariff war despite high level of investments and increase in usage of services. The average revenue per user on Bharti Airtel's India network declined by around 32 percent to Rs 105 from Rs 154 per network on a year-on-year basis. With the acquisition of Telenor's India business, the mobile subscriber base of Airtel increased by 28 percent to 344.6 million as on June 30, 2018, compared to 280.6 million in the ...

CTO of Bharti Airtel And Reliance Jio Quit

23Jul By AnkitaNo Comments

News

CTO of Bharti Airtel And Reliance Jio Quit

Chief expertise officers of telecom operators Reliance Jio and Bharti Airtel have resigned from their respective firms. Reliance Jio Infocomm Limited is the most well-known Indian mobile network operator, owned by Reliance Industries and headquartered in Mumbai, Maharashtra. It operates a national LTE network with coverage across 22 telecom circles. It does not offer 2G or 3G service and instead utilizes voice over LTE to provide voice service on its network. Recently, the Chief Technology Officer of the Reliance jio group, Jagbir Singh, had joined the company before the soft launch of 4G services. Antecedent to this assignment, Jagbir Singh was working with the one of the familiar company known as Samsung. Previously he had also worked with Airtel for a period of ten years. Acco...

Reliance Jio Phone 2 Launches at Rs 2,999: Specifications and Plans

10Jul By Gauri SinghNo Comments

Tech

Reliance Jio Phone 2 Launches at Rs 2,999: Specifications and Plans

Mukesh Ambani, the chairman of Reliance Industries Ltd, at the Annual General Meeting in Mumbai, launched the Jio Phone 2 and announced that the device will be priced at Rs 2,999. Also, the chairman came up with a new offer under which the users can exchange their old feature phone for a new Jio Phone by just paying Rs 501. The QWERTY phone will be available for sale from August 15th at an introductory price of Rs 2,999. It will have extra features like Whatsapp, Facebook and Youtube. Talking about the Monsoon Hungama Scheme, Ambani said, "Under this offer, by exchanging your old feature phone, you can get a brand new Jio Phone for an effective entry price of just Rs 501.” “Starting 15th August, we have another exciting offer for common Indians. They can purchase our Jio Phone 2...

ALT Balaji Plans to Invest Rs 500 Crore To Enhance Customer Base

9Jul By Gauri SinghNo Comments

BUSINESS

ALT Balaji Plans to Invest Rs 500 Crore To Enhance Customer Base

The Balaji Telefilms owned video on demand platform, ALT Balaji has major plans to invest up to Rs 500 crore over the next three years. The Reliance-Jio backed company aims to make its content offerings strong and sturdy. The subscription-based video platform began to operate last year in April and now its objective is to highly increase its customer base and double the number of subscribers from 2.8 million currently to over 8 million by 2021, excluding the Jio customers. "We plan to invest Rs 150-170 crore every year, out of which 70% would be invested in strengthening our content offerings. Over the next 3 years, we plan to invest Rs 450-500 crore," said Nachiket Pantvaidya, CEO of ALTBalaji. The CEO also stated that almost 95 percent of the content on ALT Balaji is original and fu...

5Jul By NitishNo Comments

News

News of the Day: Reliance Becomes India’s Largest Tax-Paying Private Company

Mukesh Ambani, the Chairman of Reliance Industries said that Reliance has become first Indian private sector company paying 9,844 crore tax and 26,312 crore of customs and excise duty(6.4% of India's total collection). While addressing the crowd and media at the Reliance Industries' 41st Annual General Meeting Mukesh Ambani said, "the RIL posted a net profit of 36,075 crores, up by 20.6% compared to Rs 8,046 crore for the corresponding quarter of fiscal 2016-17." The company's consolidated revenue stood at Rs 1,29,120 crore, up 39 percent during Q4 FY 18, compared to the Rs 92,889 crore in the previous quarter. This is How Mukesh Ambani's Reliance Jio Will Make Money | Pixr8 Reliance has also paid 42,553 crore GST in one year. ...

Reliance Industries to Acquire Telecom Solutions firm Radisys Corporation

30Jun By Lavina TolaniNo Comments

ACQUISITION

Reliance Industries to Acquire Telecom Solutions firm Radisys Corporation

Reliance Industries is gearing to acquire Nasdaq listed telecom solutions provider Radisys Corporation for a whopping $75 million i.e approx (Rs. 510 crores), a move that would push it into an Internet of Things and 5G through Reliance Jio Infocomm. According to the sources, RIL will pay $1.72 per share in cash for the buyout which will bolster Mukesh Ambani owned company's positioning as a telecom company. In its official company statement, Reliance Jio director Akash Ambani said, "This acquisition further accelerates (Reliance) Jio’s global innovation and technology leadership in the areas of 5G, IOT and open source architecture adoption." Speaking on the development, Akash Ambani further said, "Radisys top-class management and engineering team offer Reliance rapid innovat...

Reliance Jio OS Provider Raises Investment From Google

29Jun By Lavina TolaniNo Comments

News

Reliance Jio OS Provider Raises Investment From Google

Google is increasingly pushing itself as a startup investor as it has invested $22 million into KaiOS, the company that has built an eponymous operating system for feature phones that packs a range of native apps and other smartphone-like services. Under the new partnership, Google services like Assistant, Maps, YouTube, and Google Search will be available to KaiOS users, as informed by the Hong Kong company in a post. KaiOS CEO Sebastien Codeville in a statement, This funding will help us fast-track development and global deployment of KaiOS-enabled smart feature phones, allowing us to connect the vast population that still cannot access the internet, especially in emerging markets. It is interesting to note that KaiOS has played a significant role in pushing feature phone demand ...

This is How Reliance Jio Catches and Retains Customers

23Jun By Lavina TolaniNo Comments

Story

This is How Reliance Jio Catches and Retains Customers

Its just been 19 months since Mukesh Ambani led Reliance Jio ventured into the telecom market and bought a new kind of data revolution in the country. Reliance Jio is today India's third largest telecom operator which has widened its revenue market share by 20 percent and has a subscriber share of 15.8 percent. Providing first of its kind "cheap data offers", Jio has not only disrupted the market but has also changed the rules of the game. What is the reason that customers are still flocking to Jio? Broadly speaking, Jio has reinvented mobile phones as a source of mass entertainment. Nearly half of the Jio customers today, use mobile phones primarily to watch television. As per a recent report from Bank of America Merrill Lynch survey cited in Bloomberg, The telecom aggregation...

Bharti Airtel, Reliance Jio or Vodafone: Who will win the Telecom Battle over FIFA World Cup?

14Jun By Lavina TolaniNo Comments

BUSINESS

Bharti Airtel, Reliance Jio or Vodafone: Who will win the Telecom Battle over FIFA World Cup?

While the most awaited sporting event in the world, FIFA World Cup is going live today, it has sparked a new telecom battle for mobile operators Bharti Airtel, Reliance Jio Infocomm and Vodafone India trying to outdo each other to get a share of more than 100 million viewers. Airtel subscribers can view the live broadcast of the month-long tournament in various local languages besides English and Hindi on Airtel TV. Additionally, to beat the Reliance Jio game, Aitel is even providing a sneak peek into exclusive behind-the-scenes match snippets along with match previews/reviews. Meanwhile, Mukesh Ambani led Jio is providing coverage to football matches live on Jio TV at no additional subscription charges. The telecom is also broadcasting India-Afghanistan test match starting on Thursd...

Reliance Jio’s Growth May Trouble Its Competitors

8Jun By Gauri SinghNo Comments

News

Reliance Jio’s Growth May Trouble Its Competitors

Mukesh Ambani-owned Reliance Jio Infocomm has reported a considerable growth in profits in the March-ended financial year. Reliance Jio saw a net profit of Rs 510 crore in the quarter ended March compared with Rs 504 crore in the previous three months. Jio’s operating revenue increased 3.6 percent reaching to Rs 7,128 crore. The older telecom operators in India like Bharti Airtel and Vodafone India have been growing from the very beginning but since Jio has entered the league, they have been facing a tougher competition. “When the dust settles down and subscribers from beleaguered smaller players have been mopped by the Big Three (Vodafone-Idea combine, Airtel and Jio), the tussle for supremacy will resume,” said Sandip Das, senior advisor at telecom consulting firm Analysys Mason. “Wi...

Reliance Jio on a Hiring Spree of Experts Under Akash Ambani

4Jun By Gauri SinghNo Comments

BUSINESS

Reliance Jio on a Hiring Spree of Experts Under Akash Ambani

The Mukesh Ambani-led Reliance Jio Infocomm has started its hunt for a team of experts to work under Akash Ambani regarding the Artificial Intelligence (AI) of the firm. Apart from AI, the company is also seeking for young people to work on machine learning and blockchain technology (a digital ledger in which transactions are recorded). It has been reported that Reliance Jio has already appointed some of the senior officials who are responsible for building this team. Akash Ambani is interestingly getting involved in this process and is being assumed to lead the initiative. The company is planning to set up this team in either of the two cities – Hyderabad or Bengaluru. An artificial intelligence (AI) oriented brand engagement platform called ‘JioInteract’ was launched by Reliance Ji...