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Jio Crosses 50 Million Subscriber Mark in 83 Days, 1,000 Customers Per Minute And 6 Lakh Per Day

28Nov By PriyankaNo Comments

News

Jio Crosses 50 Million Subscriber Mark in 83 Days, 1,000 Customers Per Minute And 6 Lakh Per Day

Mukesh Ambani-promoted Reliance Jio has crossed the 50 million subscriber mark in less than three months after its full-fledged 4G services launch to emerge as the largest broadband operator in the country. According to sources, Jio setting a new record has acquired 1,000 customers per minute (since September 05) and 6 lakh per day. "Jio continues to be the fastest growing company in the world and has crossed 50 million subscribers in record 83 days," sources pointed out. Airtel reached the same milestone of notching 50 million subscribers in 12 years, Vodafone and Idea took 13 years each. Reliance Jio Infocomm, the new entrant in the 4G market which is competing with the likes of Airtel, Vodafone and Idea Cellular -- had launched its commercial services on September 5, and as per the la...

WORLD RECORD- Jio Welcome Offer Enrols 16 Million Customers in 26 Days

9Oct By PriyankaNo Comments

News

WORLD RECORD- Jio Welcome Offer Enrols 16 Million Customers in 26 Days

Mumbai, October 9 2016: Reliance Jio Infocomm Ltd. (Jio) announced today that it has created a world record by crossing 16 Million subscribers of 'Jio Welcome offer' in its first month of operations. Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype. ALSO READ: How Mukesh Ambani’s Reliance Jio Fooled us in the Name of Cheaper Data Mr. Mukesh D. Ambani, Chairman, Reliance Industries Limited, said, “We are delighted and humbled by the overwhelming response across India to the Jio Welcome Offer. Jio is built to empower every Indian with the power of data. We are delighted that people have recognized this and are utilizing our services to the fullest. We are customer-obsessed and commit...

17Sep By AnkitaNo Comments

News

Airtel Gets Payment From Jio For New PoIs; Start Joint Testing Now

Bharti Airtel, which has been engaged in an inter-connectivity tiff with Reliance Jio, today said it has received payment from the new entrant for additional points of interconnect, and sought Jio's cooperation for timely testing and commissioning of the network ports. Airtel said while interconnect agreement provides for a commissioning period of 90 days, the company will work towards releasing the points of interconnect or PoIs "well ahead" of the contractual obligation. The telecom operator said it has ensured there are no capacity constraints from its end. "We hope Jio will extend its full cooperation to ensure timely testing and commissioning of the PoIs," it said in a statement. Airtel released `demand notes for the additional PoIs on September 14 itself, the statement said ...

How Mukesh Ambani’s Reliance Jio Fooled us in the Name of Cheaper Data

17Sep By VishwadeepakNo Comments

Story

How Mukesh Ambani’s Reliance Jio Fooled us in the Name of Cheaper Data

Disclaimer: We got this brilliant analytical piece about newly launched Reliance Jio scheme (of almost free data) from WhatsApp. We are publishing it because it shows the other side – which is obviously not so good - of the so called revolutionary idea, to promote awareness. In the name of fulfilling PM Modi’s dream for Digital India, Reliance used his image in its full page advertisement but the question remains unanswered. How will it help India to be more Digital ? Did Reliance Jio make false promises to make profit? Is Reliance Making the hay while sun is shining? We would like to know the name of the author. If any one can send us, that will be a great help. I must admit that I was euphoric over the Reliance Jio launch. Also, thanks to the media hype, I initially b...

Airtel Too Offers More Interconnect Points to Reliance Jio

14Sep By NitishNo Comments

News

Airtel Too Offers More Interconnect Points to Reliance Jio

After Idea, Bharti Airtel today also agreed to provide additional interconnect points to Reliance Jio, saying these ports will be sufficient to support 15 million customers of the new operator. "Airtel has been providing PoIs to Jio, well ahead of the commencement of its commercial operations. With the latest augmentation, the total number of PoIs will become 3 times the present number of PoIs," Airtel said in a statement. Reliance Jio -- which commercially launched its services on September 5 -- has accused incumbent players of not releasing sufficient inter-connection ports and had sought legal action against them. RIL chairman Mukesh Ambani, on September 1, alleged that Jio network had suffered 5 crore call failures in the preceding week due to inter-connectivity issues. The mov...

This is How Mukesh Ambani’s Reliance Jio Will Make Money

4Sep By AnkitaNo Comments

Story

This is How Mukesh Ambani’s Reliance Jio Will Make Money

16th July 2016: The Indian Telecom Market - Basic Facts There are 100 crores of mobile users in India (1 billion). This means 80% of India is connected to mobile phones (voice calling) However, only 34% of India’s population is connected to the internet. Among those using mobile phones, only 10% use 3G data or above. If you were a telecom company, you would realize that there isn’t going to be a lot of movement in voice now. This is because almost all people have mobile phones. The next big challenge is the internet. Future lies in using data on your mobile phones. Hence, the smartest move now is to invest in building your infrastructure for the future. Here is why nothing else matters - When you have data, you don’t care about messaging. Who really uses SMS after the ...

Telecom War – Reliance Jio Announces Free Voice Calls, Cheaper Data Tariffs

1Sep By AnkitaNo Comments

News

Telecom War – Reliance Jio Announces Free Voice Calls, Cheaper Data Tariffs

Reliance Industries Chairman Mukesh Ambani today announced free voice calling, zero roaming charges and cheaper data tariffs for Jio customers. The company also announced "super-affordable" handsets under the LYF brand starting Rs 2999. Shares of Idea Cellular and Bharti Airtel plunged up to 9 per cent today after RIL Chairman Mukesh Ambani announced free voice calling and cheaper data tariffs for Jio customers. Idea Cellular tanked 9 per cent to Rs 85, its 52-week low on BSE. Shares of Bharti Airtel dropped 8.99 per cent to Rs 302. Ambani further announced that no Jio customer will ever pay for voice calls to any network in India and there will be zero roaming charges. Taking ahead the agenda of enabling a ‘Digital Life for Digital India’, Ambani said that the company w...

Reliance Jio To Have 1 Million Recharge Outlets At Launch

4Aug By RishabhNo Comments

News

Reliance Jio To Have 1 Million Recharge Outlets At Launch

Reliance Jio Infocomm is setting up 500,000 activation outlets and close to a million recharge outlets to prepare for the launch of its 4G services in the coming months. Reliance Jio, which will compete with the likes of Bharti Airtel and Vodafone in offering 4G services, expects to play a "significant role" in lifting India to among the top 10 nations in Internet penetration, from the current 155 rank, its parent Reliance Industries said in its annual report. "With respect to sales and distribution, Jio will have half-a-million activation outlets and close to a million recharge outlets at launch. This will be in addition to the digital channels that Jio is promoting for seamless activation and recharge facilities for customers," it said. All outlets will have real-time access to the 1,072...

Federal Bank Partners Jio Money For One-Click Payment Service

21Jul By RishabhNo Comments

News

Federal Bank Partners Jio Money For One-Click Payment Service

Federal Bank today said it has signed an agreement with Reliance Jio Money for One-Click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers. Through this service, the banks customers can complete a transaction without funding the wallet, the bank said in a statement. Banks customers will get a facility to directly pay from their account for the services offered through the wallet (without pre-loading their wallet), it added. Speaking on the occasion, Federal Bank Chief Operating Officer Shalini Warrier said that this arrangement would empower customers to retain the funds with their accounts while enjoying the host of services available in the App. Federa...

Reliance Jio Raises Rs 2,000Cr Through Electronic Bidding Platform (EBP)

7Jul By RishabhNo Comments

FUNDING

Reliance Jio Raises Rs 2,000Cr Through Electronic Bidding Platform (EBP)

Reliance Jio Infocomm Ltd. today raised Rs 2,000 crore through issuance of non-convertible debentures on the BSEs new platform and the proceeds would be utilised for roll out of its digital services business. The issue received bids worth over Rs 3,500 crore. The five-year debentures will bear a coupon of 8.32% per annum. "The proceeds of the issuance shall be utilised by Reliance Jio Infocomm Ltd for rolling out a state-of-the-art digital services business in India," it said. Reliance Jio said it is the first non-financial company to raise funds digitally through an electronic bidding platform (EBP). “This is also the largest debt issuance in the Indian market by any issuer since the electronic bidding platform has been mandated by Securities and Exchange Board of India (Sebi) for pr...

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

1May By AdityaNo Comments

News

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

IANS- The excessive delay in Reliance Jio's commercial launch is frustrating investors, a Citi Group report said. "The ensuing delay could be testing investors' patience. It raises concerns of Jio further eroding its first mover advantage. The capital expenditure targets also continue to go up," the report said. The delay is expected to be on the account of the company's chase for "perfection", it said. "RIL (Reliance Industries Ltd) is leaving no stone unturned in ensuring Jio does not over-promise and under-deliver. The company now plans to fully integrate Reliance Communication's 800 MHz spectrum before the Jio launch (making it the only player with sub-1GHz pan-India LTE spectrum," the report said. "It (RIL) also plans to increase the coverage to 90 per cent (from 70 per ce...

Expanding India’s Connectivity to the World, Reliance Jio Stretched 8,100 km Cable System in Bay of Bengal

18Apr By AdityaNo Comments

BUSINESS

Expanding India’s Connectivity to the World, Reliance Jio Stretched 8,100 km Cable System in Bay of Bengal

Mumbai, 18 April 2016: Reliance Jio announces the launch of a new, state of the art 8,100 km cable system, the Bay of Bengal Gateway (BBG). BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia through seamless interconnection with existing cable systems. Reliance Jio owns and operates the strategically important undersea cable landing facility in Chennai, providing a high-speed, high-capacity, low latency route connecting India to the rest of the world.“ “We are excited about the launch of BBG as it offers not just direct connectivity in and out of India through Chennai and Mumbai but also acts as a state-of-the-art 100 Gbps extension of Jio’s 100 Gbps core network,” said Mathew Oommen, President Reliance Jio. “This globa...