India’s richest man and the chairman of Reliance Industries, Mukesh Ambani, has called for the use of universal obligation fund money to subsidize mobile devices. USO fund was set up during the early days of the mobile phone revolution as a tax or levy on existing phone users, to be used for extending telecom services […]
Mukesh Ambani, chairman of Reliance Industries and Reliance Jio, today announced his company’s fiber optic service will reach 50 million households — or about a fifth of India’s population. Ambani, however, did not give a timeline for when he expects to achieve this milestone. Nevertheless, the number is still significant as industry experts differ widely […]
In a shocking announcement, Reliance Jio, India’s largest telecom player, announced that it has developed a fully in-house 5G telecom solution that can be deployed as early as next year. “I have great pride in announcing, that Jio has designed and developed a complete 5G solution from scratch,” Reliance Jio Chairman Mukesh Ambani said today […]
Even as shares of Vodafone Idea tanked 17% over fears that the company may shut down or file for bankruptcy, the latest numbers posted by the company show that it continues to invest in its network. The correction in the stock price followed a renewed warning yesterday that the company may not be able to […]
The following are the major highlights of the speech made by Mukesh Ambani at Reliance Industries’ annual general meeting 2019. He is expected to announce details of the launch of Jio GigaFiber, the cable and broadband service that has been five years in the making. He is also expected to detail the company’s ambitious e-commerce […]
The Telecom Regulatory Authority of India, which recently come in for a lot of pummeling from the small cable operators for its new tariff rules, has now emerged as a savior of the same set of operators as it has dismissed government’s suggestion of fixing a ‘net worth’ requirement for cable feed providers. Ministry of […]
Reliance Industries, the flagship company of the Mukesh Ambani led Reliance Group, said it has set up a subsidiary for the purpose of carrying out operations in the real estate space. The group, which has hitherto focused on areas like petrochemicals, energy, retail and technology, does not have a sizable real estate-focused business as of […]
Prices of mobile data have crashed by 96% under Modi’s tenure, while those of voice services fell by 76%, according to data released by Department of Telecom. On average, 1 GB of mobile data used to cost Rs 254.95 in December 2014, DoT said, while its price has fallen to just Rs 10.91 for the […]
India’s biggest billionaire and chairman of telecom operator Reliance Jio said today his company is rolling out fiber connectivity in 1,500 cities in India — an apparent uptick from the 1,100 cities announced four months ago. Pointing out that India is ranked at 134th in the global ranking for fixed broadband penetration, Ambani said Jio is determined to […]
Mukesh Ambani, the billionaire who changed the face of telecom in India in the last two years, said he has set his eyes on replicating his success in wireless telecom in the sphere of wired telecom as well. He said the 4G services launched by Reliance Jio has helped India move from the 155th of […]
Reliance Jio, the firm led by Mukesh Ambani, will walk away with most of the telecom assets of Reliance Communications, led by Mukesh’s brother Anil. Rcom said it has “signed definitive binding agreements with Reliance Jio Infocomm Limited for sale of Wireless Spectrum, Tower, Fiber and Media Convergence Node (MCN) assets.” The Anil Ambani company […]
Mukesh Ambani, India’s richest man, said telecom was the first of his big bet, and he will now use his resources to solve problems in three other difficult areas — agriculture, education and healthcare. Speaking at the HT Leadership Summit, Ambani said his primary motivation was not to make money. “Money has never meant much […]
Reliance Communications today said that it was ‘optimizing’ its 2G and 3G networks in the light of its decision to focus on 4G, but also dropped a hint it may use the towers and infrastructure to later launch its own, fully-owned 4G network. At present, it depends on Reliance Jio for delivering 4G services and […]
Reliance Communications, the telecom arm of the Anil Ambani Group, has got moving on its announced strategy of becoming a 4G-only operator by shedding its GSM and 3G operations. According to industry sources, the company has been re-allocating its staff to the 4G division and gradually switching off GSM cell sites. The GSM network could […]
Acharya Balkrishna of Patanjali has emerged as the latest addition to the list of the top ten richest people in India, which is still headed by Mukesh Ambani, chairman of Reliance Industries. Haridwar-based Acharya Balkrishna, age 45, rose to 8th position from 25th last year after seeing his wealth grow by 173%. He is now […]
Operators such as Bharti Airtel, Vodafone, BSNL and Idea Cellular are likely to cut call tariffs for 2G and 3G users after TRAI decision to cut ‘termination charges’ to 6 paise per minute from 14 paise. More importantly, the bet that Mukesh Ambani placed by making voice free seems to be paying off as his […]
Reliance Jio chairman Mukesh Ambani announced the JioPhone, which aims to bring smartphone features to the candybar form factor. The phone will be given to anyone if they deposit Rs 1500 with the company. The user will get the Rs 1500 back when the device is returned after 36 months. “Net net, you pay nothing […]
Mukesh Ambani, chairman of Reliance Jio will make a ‘significant announcement’ about the 4G wireless service provider’s offerings at 11 AM on Friday while delivering his annual speech at its parent’s annual general meeting. A live webcast of Mukesh Ambani’s speech at the AGM, at which he is expected to announce the launch of ultra-cheap […]
Reliance Jio’s withdrawal of its Summer Surprise Offer is unlikely to make any difference to most of its customers, and the company may even come up with a new version of the plan to comply with the ban. “The Telecom Regulatory Authority of India (TRAI) has advised Jio to withdraw the 3 months complimentary benefits of Summer […]
Mukesh Ambani, chairman of Reliance Jio Infocomm will be giving an update on the performance of India’s largest data services provider at 1:30 PM today. You can watch the live broadcast of Mukesh Ambani’s speech below. https://youtu.be/2XGyUGM1rXY He is widely expected to announce that his company has crossed the 100 mln subscriber mark. He […]
