Reliance Jio to RollOut Commercial Operations in April

As per a report from Exchange4media, Reliance Jiowill be spending over INR 1000 croreson its commercial launch. The company will roll out its official services in April 2016.

Preparations and Plans of Reliance Jio

In 2010, the telecom company had acquired pan-India 4G Broadband Wireless Access (BWA) of airwaves in the band of 2300 Mhz.The company made a soft-launch of its services at the end of December, last year, for employees of Reliance Industries and their families.

Earlier, Reliance Jio had said that the Financial Year (FY) 2016 – 2017 will be its first full fiscal year of commercial operations. The company wants to stand out from competitors by positioning itself as a digital content company. It will make content streaming packages, an important element of its strategy.

Reliance Jio will be rolling out digital services, applications, and digital content across the country. The company has 751.10 MHz of liberalized spectrum in the bands of 800MHz, 2300 MHz, and 1800MHz.

A recent report from India Ratings and Research, a credit rating agency stated that Reliance Jio’s launch will make the competition in the market more aggressive. The market share, credit metrics, margins, and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of other major telecom companies will be reduced.

Survey of Most Sustainable Companies

Reliance Industries featured in the list of India’s top 10 most sustainable companies in a survey. Other companies in the top 10 list included Mahindra & Mahindra, Vedanta, Wipro, and Tata Motors, among others.

The Confederation of Indian Industry (CII) ITC Center of Excellence for Sustainable Development had requested around 100 companies from 20 different sectors to participate in the survey.Due to low participation and transparency, sectors like media, transportation, and other financial services had the lowest scores.

The 20 different sectors include transport; textiles, apparels and accessories; media; diversified; consumer durables; pharmaceuticals;utilities; automobiles; other financials; banks;oil and gas;construction materials;capital goods; household and personal products; chemical and petrochemicals;food, beverages and tobacco;software and services; telecom services; metals and mining; and general industrials.

Out of 100 companies, 10 got the title of Sustainable Plus Platinum, 7 got Sustainable Plus Gold,while the other 83 got Sustainable Plus Bronze.

Sustainable Plus Platinum featured business that are the most sustainable in the country and Reliance Industries was included in this category.

As per the survey, the strongest dimension of sustainability is governance. It is stronger than dimensions like environment and social.

The impact of requirements of corporate governance, and transparency and disclosures in the Companies Act 2013 have definitely helped companies do better on governance”, the survey stated.

Companies have proper disclosures on stability risks, board structure and committees, risk management framework for addressing business, financial risks, and whistleblowermechanisms for important stakeholders. In addition to these, the companies have an employee code of conduct. This helps them to carry ethical operations and have a policy in place for managing conflict of interest, the survey added.

Summary

Jio will launch its commercial services in April 2016 by spending more than INR 1000 crores.

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