Archive for the ‘RIL’ Category

Nita Ambani Discusses Sports and its Role in Community Development at the Vatican

October 10, 2016

Nita Ambani, Founder and Chairperson of Reliance Foundation, is a multi-talented individual. An Indian representative at the International Olympic Committee (IOC), she aims to integrate sports into the lives of millions of Indians.

Nita Ambani is also the person behind the popular Indian Super League (ISL). It is a football league that intends to popularize the sport across India and create a unique platform for young talent. Presently in its third edition, the Hero ISL also has a grassroots initiative. Aimed at inculcating the spirit of the sport across rural towns and villages in India, the grassroots program touched the lives of more than half a million children in its first run itself.

Through her work in the foundation, Nita Ambani continues to spearhead projects that emphasize the role played by sports in the growth of the youth, enabling them to develop their leadership skills.

The Vatican Conference

A conference was held in the Vatican by the IOC and the United Nations (UN). It was hosted by Thomas Bach, President of the IOC, Ban Ki-moon, the UN Secretary General, and Pope Francis. Nita Ambani was the Indian representative at this event, which witnessed the participation of more than 150 world leaders.

The main focus of this conference was on the role played by sport and faith, which if combined would have a greater impact on individuals belonging to different countries and walks of life.

Nita Ambani’s speech

Nita Ambani spoke about sports and humanity at this event. She explained how the field of sports is a medium of change which can help society overcome its differences and unite for a shared cause. Citing numerous case studies from Reliance Foundation’s (RF) youth engagement drives, she explained how sports can help transform the lives of people by creating new opportunities which were previously unavailable. She emphasized on sports, stating that they have the potential to help communities, countries, and consequently, the entire world.

The power of sports

Nita Ambani thanked the organizers for allowing her to speak at the ‘Sport at the Service of Humanity’ conference. She reinstated how sport is capable of fostering relations between people belonging to different religions, regions, and backgrounds.

Nita Ambani, explained how witnessing people belonging to varied ages and groups coming together to support individual players or a team is magical. She explained how sport has the unique power of creating avenues, allowing communities to cast aside their differences and come together. She said that the conference opened up her mind to newer ideas that she hopes to implement in the near future.

Summary

The ‘Sport at the Service of Humanity’ Conference held in Vatican City witnessed Nita Ambani speak about the role played by sports in the overall development of individuals belonging to different communities in India and the world.

Rio Olympics Medal Winners Felicitated by IOC Member Nita Ambani

October 4, 2016

Founder and Chairperson of Reliance Foundation, Nita Ambani’s recent election to the International Olympic Committee (IOC) was met with much fervor in India. Besides being the first Indian woman member on the committee, she also received the privilege of distributing medals at the grand Rio Olympics.

Medal distribution at Rio Olympics

This opportunity not only gave her the chance to represent India on a global platform, but also reflected her immense interest in sports. The 400m freestyle podium winners were presented with their medals by Nita Ambani on the 8th of August 2016. Medal winners included Kathleen Ledecky, Jazz Carlin, and Leah Smith, who won gold, silver, and bronze respectively.

Nita Ambani’s role in the development of Indian sports

Nita Ambani has been actively involved in the development of sports in the country through Reliance Foundation. The foundation’s grassroots programs have extended to more than 3 million children so far. Apart from initiating grassroots programs to scout new talent for various sports like basketball and football, Nita Ambani is also the Founder of the Indian Super League (ISL). This league was started off to promote football in the country. So far, it has managed to rise in terms of mass popularity, with the league now in its third edition. Apart from this, Nita Ambani is also the owner of Indian Premier League (IPL) team, Mumbai Indians.

Election to the International Olympic Committee

Nita Ambani’s dedication towards transforming India into a multi-sport nation earned her global recognition when she was nominated and thereafter elected to the International Olympic Committee. The election ceremony took place during the 129th IOC Session at Rio. The process was completed by adhering to the recommendations of the Olympic Agenda 2020. As per its guidelines, she will hold office as member of the committee till she attains 70 years of age. Previously elected representatives from India in the IOC include Sir Dorabji Tata and Raja Randhir Singh, with the latter presently functioning as an honorary member in the International Olympic Committee.

On her election, Nita Ambani expressed her happiness at a press release by stating that she felt humbled by the gesture. She further elaborated that the opportunity was a moment of recognition for India and Indian women on an international level. Nita Ambani also spoke about her belief in sports, to aid in the development of the country’s youth. She feels that it holds the power to unite people. Post Nita Ambani’s election to the committee, she received a string of congratulatory messages from eminent personalities on various social media platforms like Twitter. Among the many who wished her on the achievement was Reliance’s Sports Division CEO, Sundar Raman.

Summary

IOC member, Nita Ambani receives the opportunity to distribute medals to winners at the Rio Olympics.

Reliance Jio’s Comprehensive Range of 4G Services

September 29, 2016

Reliance Jio commercially launched its services in September 2016. The company is a comprehensive digital ecosystem that offers telecom and broadband services, hotspot devices, smart phones, and quality applications. Backed by parent company Reliance Industries Limited (RIL), Reliance Jio is also referred to as the world’s largest start-up.

The 2016 Reliance Annual General Meeting (AGM) saw Chairman and Managing Director of RIL, Mukesh Ambani, explain the importance of Reliance Jio’s foray into the Indian digital sphere. Jio aims to be the catalyst of the Digital India movement by granting millions of Indians access to quality Internet-based services.

Reliance Jio’s welcome offer

Under the present welcome offer, Jio users can enjoy unlimited web browsing, downloads, voice and video calling services, as well as Jio applications for free till the 31st of December 2016.  Voice calls made to any network from Reliance Jio SIM cards are free for a lifetime. Additionally, the range of Jio applications, priced at approximately Rs. 15,000, would be charged annually post the expiry of the welcome offer.

MyJio app

MyJio is a gateway application by Reliance Jio. It allows individuals to manage all their Jio apps and services in addition to carrying out transactions concerning their Jio accounts. This application has already crossed 10 million downloads on Google Play. At one point, the application even surpassed leading chat applications and social networking platforms to rank as the most popular app, in terms of downloads.

Jio’s expansion plan

Reliance Jio plans to expand its network in order to service more subscribers. This move would help the company increase its capacity to support at least 250 million users. The number has surpassed Jio’s earlier target of 100 million users. An additional amount will also be invested towards the telecom venture, which would equip Jio to service a large user base. Presently, the company is able to support 100 million wireless users as well as 20 million fiber-to-the-home (FTTH) users of its broadband services.

Jio’s subscriber base

According to a June 2016 TRAI report, Reliance Jio had already acquired more than 1 billion subscribers. In order to attract more users, the company plans to increase its capacity of data transmission from 2 terabits per second (TBPS) to 250 terabits per second. This would help Jio service new users, considering that the company’s average usage amounts to 26GB per month. The company’s current large customer base is already affecting the business of other Indian service providers. Additionally, the market is also expected to experience another disruption once Reliance Jio’s FTTH services become operational. The services would offer users a speed of 100MBPS, thereby providing a seamless digital experience.

Through its extensive offerings, Mukesh Ambani led Reliance Jio continues to make waves in the digital market in India. Jio’s applications have gained popularity, helping them rank high on Google Play charts. Additionally, its FTTH broadband services are currently being tested in select Indian cities, following which a national release is expected.

Summary

Reliance Jio’s comprehensive digital ecosystem is helping it garner traction in terms of application and data usage. This has inspired the company to set a higher user base target.

Role of Reliance Jio in the Growth of the Indian Digital Ecosystem

September 23, 2016

Reliance Jio is a telecom company operated by Reliance Industries Limited (RIL). It is devised to function as a comprehensive system, providing users with a variety of digital services.

Presently, Jio offers smart phones, MiFi devices, voice and video calling facilities, applications, content streaming avenues and 4G data services.

Jio welcome offer

As declared by Mukesh Ambani at the Jio launch, users may experience unlimited high-quality 4G data services, video calling, VoLTE calling services, and enjoy access to premium Jio applications for free until the 31st of December 2016.

The innovative pricing strategy of Reliance Jio is creating waves in the $50 billion Indian telecom industry. The industry has witnessed a massive transformation with outgoing calls going from Rs.35/minute about 20 -30 years ago to now free as is evident in Reliance Jio’s tariffs. Other telecom players’ rates are also expected to decrease over the next year in order to retain their existing customers. Besides this, Jio’s growth is also expected to encourage the development of the Indian digital sphere and encourage international players to invest extensively in India.

Emergence of video platforms

The smart phone and Internet penetration in India have had a direct impact on the availability of video platforms. However, these platforms have posed a number of inconveniences to users in the form of high price points and low-quality Internet speeds, all of which are now being resolved by Reliance Jio’s affordable offerings. This will seamlessly enable the smooth entry and functionality of content services like Amazon Prime in India.

Video advertising

Video advertisements in India take time to load due to the lack of efficient network coverage. This acts as a major roadblock since individuals often skip them purely due to their low quality and diminished viewing experience.

Original content creation

Most of the leading players in the Indian content market are traditional video companies that are entering the digital market. Owing to this, the number of web series or web content, compared to the west is low. Reliance Jio is not only making quality Internet services accessible but also affordable, which will certainly encourage the growth of original content in India.

Additionally, Jio is also strengthening its content platforms. The world’s largest start-up has already agreed to partner with Sony Pictures, Zee Entertainment, Balaji Telefilms, and Eros International, which will diversify its content platform offerings. This provides a dual advantage as it not only creates an extensive video library but also encourages new content creators.

Growth of OTT platforms

Over-the-top (OTT) content platforms are performing well in international markets with leading global players like AT&T, Verizon, and SingTel investing in digital content companies. Since Jio would enable millions across India to experience quality digital services, India’s role in this OTT movement would become significant, which in turn, would act as an advantage to the country. Upcoming platforms in India would be viewed positively, encouraged and invested in, thereby providing them more financial and creative freedom.

Reliance Jio’s services are aimed at fulfilling the Indian Government’s dream of a fully digital India. Its comprehensive services are expected to transform the digital sphere across the country.

Summary

Reliance Jio’s services are expected to greatly impact the digital sphere in India.

Reliance Jio’s Positive Impact on Reliance Industries Limited

September 20, 2016

Mukesh Ambani led Reliance Jio is the digital service provider operated by private conglomerate Reliance Industries Limited (RIL). The world’s largest start-up, Jio was launched commercially across all of its 22 telecom circles in India in September 2016.

Share market

Key analysts of the average revenue per user (ARPU) market in India predict that Reliance Jio will be able to garner 10% pre-tax returns on its capital. This analysis is based on Jio’s user base of ten crore subscribers, driving the company a monthly ARPU of Rs.400.

Although initially, industry experts feared that Reliance Jio’s $22 billion investment would earn the company sub-optimal returns, its tariff plans have made them reconsider. With a focus on profit as well as market disruption, Jio is playing a key role in improving parent company RIL’s valuation. RIL shareholders garnered Rs. 20,000 crore in terms of market returns over two weeks. This helped RIL to move up to become the second-most valued company in terms of market capitalization.

ARPU

Reliance Jio is employing its network capacity to create larger packets that will allow the telecom operator to maintain quality ARPU. Although there is a noticeable cut of 12% to 47% in terms of unit pricing of data plans offering 50GB to 95GB, these plans will garner Jio an ARPU of Rs. 430 every month. Reliance Jio’s current strategy will translate into a lower downward risk to the projected ARPU of the company. Market analysts predict its ARPU to range between Rs. 250 and Rs. 300 per month in FY17 to FY21.

The combination of Reliance Jio’s user base and its ARPU will help determine the effect this telecom venture will have on parent company RIL’s market standing. Analysts presently value it at a 10% pre-tax return on the capital employed (RoCE). If the subscriber base is expanded up to 14 crore subscribers and an ARPU of Rs. 300 is maintained, the RoCE will also be valued at 10%.

User base

Mukesh Ambani owned Reliance Jio users currently benefit from the welcome offer which entails free unlimited usage of data, voice, video calling, and Jio premium applications until the end of 2016. This offer is helping Jio garner an addition of almost 500,000 subscribers on a daily basis. While the market predicts that Jio will garner 2.5 crore subscribers by the end of FY17, its twin focus on user addition and retention may lead to the company surpassing the same before time.

The company is planning to improve its capacity of handling consumers to more than double the current figures. Its renewed plan aims at servicing 250 million users or more which is a stark increase compared to the earlier 100 million users. Having received a positive response to its welcome offer, the company is considering investing even more towards enhancing its network.

Summary

Reliance Jio helped RIL shareholders earn Rs. 20,000 crore returns in the share market.

RIL is the Most Profitable Company in the Nifty 50 List

September 16, 2016

Mukesh Ambani led Reliance Industries Limited’s (RIL) digital arm, Reliance Jio is creating waves in the market with its new 4G venture. Within a short span of time, Jio managed to attract a large user base through its preview offer, which included free HD voice calls, video calls, and high-speed Internet services for a period of three months.

RIL’s position in Nifty 50

Therefore, it does not come as a surprise that Reliance Industries Limited has now gained a premium position in the business world. The company’s ranking as the most profitable in the Nifty 50 is testimony to this. RIL managed to make it to the top because of its contribution to the Nifty 50 aggregate net profit, which has been calculated as the largest.

Highest net profit

Reliance Industries surpassed competitors like TCS to emerge as the company with the highest net profit in the April to June 2016 quarter. While TCS reported a profit of Rs. 6318 crore, Reliance scored 12.6% higher than the company, thereby leading TCS to gain second position in the Nifty 50. Reliance Industries reported a total net profit of Rs. 7113 crore and therefore emerged first in the list.

SEBI’s extension

SEBI decided to extend the results season by a month for Nifty in the April to June 2016 quarter. Additionally, this decision gave India Inc. time to implement the Ind AS accounting standards, which was recently introduced. Rs. 69,793 crore has been the estimated Nifty 50 aggregate net profit for the quarter.

RIL leads in the energy sector

Moreover, RIL also proved tough competition for players like ONGC with the oil company reporting a net profit of Rs. 4232.5 crore. However, RIL’s energy sector counterpart, ONGC scored 68.1% lower than Reliance Industries. This has managed to give RIL yet another impetus, considering that ONGC has been a constant performer in the energy sector.  Reliance managed to surpass the previous year’s aggregate net profit which was 8.1% and acquire 10.2% this year. Furthermore, RIL managed to contribute this aggregate net profit all by itself. Additionally, the private conglomerate is expected to maintain consistency with regard to this contribution owing to the multiple large-scale projects that are expected to be launched in the upcoming years by RIL.

Nifty index

As on 14th September, 2016, the market closed at 8762.6, with the price-to-earnings ratio of Nifty estimated at 23.9 and its EPS at 364.8. It should be noted that Nifty’s aggregate net profit is affected with every additional rupee. Moreover, this also leads to an improvement in the index’s EPS. Therefore, it is imperative that the Nifty 50 companies’ earnings growth increase to maintain the sustainability of the present level of Nifty’s index.

Over the last one year, Mukesh Ambani led Reliance Industries’ scrip has increased by more than 21%. Additionally, Reliance was also able to make an improvement in its position in Nifty by garnering 5.4% (September 2016) as compared to 5% in the previous year’s corresponding period (September 2015).

Summary

Reliance Industries Limited makes the largest contribution to the aggregate net profit of Nifty, thereby making it rank first in Nifty 50.

Reliance Jio Applications Dominate Google Play

September 8, 2016

Telecom operator Reliance Jio is the digital arm of parent company Reliance Industries Limited (RIL). Chairman of RIL, Mukesh Ambani announced the commercial rollout of Jio’s services across the country in September 2016.

Google Play charts

Google Play is the storehouse of all Android applications which also helps developers to understand the performance of their products and services. Seven of the top ten applications on Google Play belong to the Reliance Jio family. Additionally, from the top 15 and the top 20 applications on Google Play, there are 11 and 12 Jio apps respectively.

Reliance Jio applications

While MyJio is at the very top, JioCinema is placed at the second spot in terms of Google Play rankings. JioCinema offers Indian movies, videos, and a comprehensive music selection.

JioTV follows, taking up the fourth position while the JioNet application ranks fifth. JioMusic is ranked at the seventh position and the tenth place on the list is claimed by JioMags. JioMags grants users unlimited access to premium magazine subscriptions which are available in various categories and languages.

JioMoney Wallet is a mobile wallet application provided by Reliance Jio. Ranked higher than all other wallet services, JioMoney allows individuals to make hassle-free digital payments on the go. Not only can users make payments to neighborhood stores, they may also avail of exclusive discounts and schemes offered by merchants through the application.

While all the applications have garnered more than 1 million downloads, MyJio is the leader of the pack with 10 million downloads. MyJio is the gateway application that allows individuals to experience seamless Jio services as well as manage all their other applications.

AJIO

In order to extend its consumer base by offering diverse products and services, Reliance has also made a foray into the online fashion segment with AJIO. The online fashion portal allows individuals to choose from a curated range of clothing, accessories, footwear, and more. Users may download the AJIO application from the Google Play store to browse more than 200 Indian as well as international brands. The application also lets users view and purchase varied collections which are tailored to match every occasion and please all age groups.

Chairman speaks

Mukesh Ambani, Chairman and Managing Director of RIL, announced that the service provider would eliminate the costs of national roaming. Reliance Jio is already making waves in the telecom industry due to its low tariff rates. Additionally, Jio has also eliminated the cost of voice calling for a lifetime.

Affordable data pricing is the foundation of Reliance Jio’s strategy. The plans offer data at about Rs.5/MB or Rs.50/GB. Apart from their promise of creating an entire digital ecosystem, Jio’s low tariffs, extensive network coverage, and exhaustive range of applications is helping its application rank high in terms of popularity.

Summary

Reliance Jio applications are creating a unique space for themselves in the Google Play Store. Seven out of the top ten applications fall under the Reliance Jio brand.

National Launch of Reliance Jio 4G Services

September 6, 2016

Reliance Jio, the digital ecosystem devised by Reliance Industries Limited (RIL), was commercially launched across the digital service provider’s 22 telecom circles in the first week of September 2016.

Chairman and Managing Director of RIL, Mukesh Ambani, unveiled the plans that Jio envisions at Reliance’s annual general meeting (AGM). He stated that Reliance Jio services would be free for customers until the end of the year as part of a welcome offer.

Reliance Jio services

As part of the welcome offer, Reliance Jio users will be granted unlimited access to free voice and video calling, messaging services, 4G LTE data, and national roaming. While announcing Jio’s commercial launch, Mukesh Ambani explained how national roaming would never be charged for users of Jio’s network. Additionally, calls made within the country to any network would be free even beyond the ‘welcome period offer’, for a lifetime.

Reliance Jio’s data plans average at about Rs. 50 per GB. The data plans, which will be active from January 2017, are touted as the cheapest in the world.

Indian telecom players

Reliance Jio has gone on record to state that many leading telecom operators are deliberately preventing Jio from gaining interconnection across the country. Mukesh Ambani explained how the world’s largest start-up expects that post the launch of its services, the operators would fulfill their promised obligations, which is the only way Jio can provide a seamless connection to its users.

In order to increase the company’s transparency and ability to assist its customers efficiently, Reliance Jio will report the number of its call failures on the websites. These figures will be updated regularly. Since Indian service providers continue to receive complaints regarding the alarmingly high rates of call drops, this initiative is being undertaken by Jio to promote its belief of putting the customer first.

Jio network testing

While testing its network, Reliance Jio garnered a user base of 1.5 million subscribers. In its statement to the Department of Telecommunications at the Telecom Regulatory Authority of India (TRAI), Jio announced the commencement of its wireless services across all its 22 telecom circles in India. The telecom operator also submitted its tariff plans to TRAI. These steps have ensured that Jio is officially prepared to service its customers.

Future plans

Mukesh Ambani has challenged Jio to build a user base of 100 million subscribers which would help the telecom company garner high data revenue. The telecom provider aims to reach out to 18,000 urban and 200,000 rural areas in the country. In order to facilitate thorough dissemination of Jio SIMs, the company will allow individuals to avail of the same from two million retail outlets. This would also include about 1,700 Reliance Retail stores.

Trade analysts have reported that approximately 80 million subscribers who help Jio garner a monthly ARPU of Rs. 180 would be needed over the next three years for the company to break even.

Summary

Reliance Jio 4G services have been launched commercially on a pan-India scale.

Everything You Need to Know about Reliance Jio’s LYF

August 12, 2016

Reliance Jio ranks high on the popularity charts, particularly because of its revolutionary 4G services. In order to compliment these superior services, the brand has introduced its own line of advanced smart phones under its LYF banner.

So far, the company has launched various models under its ELEMENTS collection. The devices are not only appealing because of their sleek designs but also due to their compatibility with Jio’s high-speed network. LYF handsets like the FLAME 3, FLAME 4, FLAME 5, and FLAME 6, are being offered at a discounted price of Rs. 2,999 each. All these variants include features like a 1.5 GHz quad-core processor, dual-SIM card option, and multi-language support.

Other LYF devices that have been launched by Jio include LYF FLAME 1, LYF FLAME 2, LYF FLAME 8, LYF WIND 1, LYF WIND 3, LYF WIND 4, LYF WIND 5, LYF WIND 6, LYF WATER 1, LYF WATER 2, LYF WATER 5, LYF WATER 7, LYF Earth 1, and LYF Earth 2.

LYF FLAME smart phones

FLAME 1 flaunts a 4.5-inch display and functions on a Qualcomm 210 processor. The FLAME 2 model offers 8GB ROM and 1GB RAM in terms of storage. FLAME 1 and FLAME 2 cost Rs. 4,999 and Rs. 3,599 respectively.

LYF FLAME 8 is priced at Rs. 4,199. With a 4.5-inch display, this handset’s main USP is its internal storage of 8GB that may be extended up to 128 GB using a microSD card.

LYF WIND series

WIND 1, WIND 4, WIND 5, and WIND 6 have a common design feature, a large 5-inch display. All of them boast of superior features, with the WIND 1 standing out in terms of display, storage of 16GB ROM, and a Qualcomm Snapdragon 410 processor.

The WIND 3 model flaunts a larger screen that is 5.5 inches with Asahi Glass for added protection. It operates on Qualcomm MSM8916 quad-core processor which is clocked at a speed of 1.2GHz.

LYF WATER handsets

LYF WATER models score high, both in terms of design and specifications. The best-selling variant is the WATER 1 that is powered by the superior Qualcomm Snapdragon 615.

LYF EARTH series

The EARTH series includes LYF’s most expensive model, the EARTH 2 that is priced at Rs. 19,999. The handset boasts of a 13MP auto-focus rear camera that captures quality pictures. The EARTH 1 is another handset launched under the EARTH series.

With the extensive range of smart phones launched by Reliance Jio, it comes as no surprise that LYF is now the fifth-largest smart phone brand in India. The brand rose to this position in the first quarter of its launch itself, giving rivals a run for their money. Additionally, an analysis report by Counterpoint Research revealed that the brand also garnered a 7% market share during the same period. LYF smart phone sales are expected to increase further post the commercial launch of Jio’s services.

Summary

Reliance Jio launches a varied range of LYF smart phones at reasonable prices. The sale of LYF devices is expected to soar after the commercial release of Jio 4G services.

Reliance Jio Plans to Expand its Customer Base through Preview Offers

July 27, 2016

Reliance Industries (RIL) is making its foray into the broadband and telecom sector through its digital arm Reliance Jio. Therefore, in order to expand its user base and encourage individuals to switch to Jio, the world’s largest start-up is partnering with leading smart phone manufacturers.

Subscriber base

Due to the referral invite system and tie-ups with phone manufacturers, Jio has already acquired a consumer base of 1.5 million individuals much before its commercial launch. This comprises LYF buyers, retailers, employees, and business partners.

Predictions are being made by leading industry analysts regarding the launch date and Jio’s expansion. Morgan Stanley reports stated that the company will garner an estimated 30 million subscribers by the end of the current financial year. This will enable Jio to earn over $ 1 billion through revenue.

Jio’s long-term plan

Jio’s strategy is focused on providing non-LYF smart phone users the opportunity to avail of Jio’s services. This would help in attracting consumers to test the network. The tie-ups with several smart phone brands offer the buyers limited access to data services through Jio SIM cards. These allow the individuals to make use of free unlimited data and calling plans for 90 days. Satisfied customers would then be offered the mobile number portability (MNP) option on expiry of the trial period.

The company is also emphasizing on its Jio Join application which would allow non LTE-enabled smart phones to also make VoLTE calls using Jio SIM cards. The app is available on Google Play Store and enables HD voice calling, media-rich messaging, and seamless file sharing.

Smart phone associations

Mukesh Ambani led Reliance Jio recently collaborated with Samsung and many other partnerships are expected in the near future. The upcoming telecom provider intends to associate with all leading manufacturers of smart phone devices in order to thoroughly penetrate the market. A partnership with Apple iPhones is said to be next on the cards.

The company is conducting tests on the smart devices to ensure their compatibility with Jio services. The phones that qualify are expected to help Jio reach out to more demographics, thereby, also increasing the sales of the affiliated devices.

Jio and Samsung

On purchase of select Samsung devices, customers will now be able to avail of Jio SIMs. This would enable them to access unlimited free data and voice calling in addition to using premium Jio applications. The offer also helped Samsung boost its sales by 15-20% according to an industry source.

Fundraising for Jio

The parent company of Jio, Reliance Industries Limited (RIL) released rights issue to its shareholders which helped the company raise Rs. 15,000 crore. The amount will be used to enhance Jio’s network services and will help it cover 90% of the Indian population within two years of its commercial launch.

Additionally, out of the Rs. 1.5 lakh crore investment made by RIL, Rs. 1.34 lakh crore is being used to increase the spectrum coverage and enhance the network.

Summary

Reliance Jio is devising a strategy to expand its current consumer base of 1.5 million users through tie-ups with phone manufacturers.