The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
Private telecom company Reliance Infocomm has launched international roaming facility through tie-ups with global operators including China Unicon and Sprint PCS of the US.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Reliance Infocomm on Thursday announced new schemes for its four important prepaid user segments - youth, semi and urban groups and rural segment in Tamil Nadu.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
Nine million subscribers opt for mobile number portability in first three months of its launch.
Unlike Reliance Jio's focus on 4G, it plans to segment the data market based on device prices and spectrum.
Like Bharti, India 's largest mobile operator, Reliance has global aspirations. After losing last year's keenly-contested $11bn takeover of Hutchison Essar, India 's fourth-largest mobile operator, to Vodafone of the UK, Reliance needs to raise its game or risk becoming an also-ran.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
Reliance group firm employee under the scheme can invite 10 people to buy Jio's 4G sim and LYF Handset.
Mobile services provider Reliance Infocomm has begun migrating its Mumbai subscribers to an exclusive 10-digit series beginning with 93.
A possible merger of Reliance Communications of India and South Africa's MTN could see Anil Ambani become the enlarged group's chairman and biggest shareholder with a stake of almost 35 per cent.
Reliance Communications, India's second-largest wireless operator, will launch phone services in Uganda by year-end, marking its first foray into international mobile phone markets.
The Unified Licence for all 22 Service Areas across India will make the company the first telecom operator in the country to get pan India Unified Licence, the company said in a statement.
RIL has been talking to groups including Gionee, Huawei and Xiaomi
Multinational mobile companies such as Nokia, Samsung, Motorola and LG, who dominate the mobile handset space with over 75 per cent of the market share, might face a new challenge. This time it's not from Chinese unbranded products, which have been flooding the Indian market.
The GSM Association, a union of 650 GSM mobile phone service operators, asked India not to allocate spectrum at 1900 MHz to CDMA operators like Reliance.
We will do 7-8 high-end games for global markets every year, Manish Agarwal, CEO, Reliance Games
The plan, available at a monthly price of $15.99, gives unlimited calling facility to more than 25 other countries worldwide.
Mobile subscriber base touched 5.29 crore (52.9 million) in April with the addition of 396,000 CDMA based mobile users during the period.
Users can use the 'Search' option for searching videos across various categories and download it to their GSM mobile phones, while the 'Upload' option makes uploading videos from mobile phones easier.
Indian telcos have been able to garner over 20 million 5G customers in less than four months after the official launch of the service last October, according to industry estimates. With telecom operators like Reliance Jio and Bharti Airtel aggressively rolling out their 5G services in over 190 cities across the country to date, India is now only behind China and the US in terms of the number of cities in a country where 5G services have been extended. Top executives in telcos say that the number of 5G subscribers in India is a conservative estimate and that it will rise as the roll-out gains momentum.
Mobile call rates are declining in face of fierce competition. In this price war, PCOs are likely to be the first casualty.
CDMA mobile operator Reliance Communication on Wednesday reduced international calling rates upto 66 per cent for consumers using global calling cards of different denominations.
Loop Mobile has debt of Rs 400 crore (Rs 4 billion), which is likely to be included in final deal size.
Market share of Airtel, Vodafone & Idea rises to 70% from 60% in 2010 and 50% in 2008.
Walt Disney finds another platform for its cartoons -- your mobile.
Based on radio frequency identification technology, the phone will work like a credit or debit card.
Reliance Jio had proposed that besides satellite connectivity, In-Flight Connectivity can be provided using cellular network as well.
Calls to Reliance fixed phones and all other mobile phones will cost 40 paise as per the new scheme.
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