Jio Platforms Ltd is an Indian technology company and a subsidiary of Reliance Industries Limited.Established in 2019, the company owns India's largest mobile network operator Jio and other digital businesses of Reliance. Microsoft Azure. Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. Today’s announcement further illustrates the opportunities foreign investors see in Jio Platforms, a three-and-a-half-year-old subsidiary of Reliance Industries (India’s most valuable firm) that has upended the telecommunications market in India with cut-rate voice calls and mobile data tariffs. Though Reliance Jio Platforms has not revealed why it is raising so much money, this capital could be deployed to cut oil-to-retail giant Reliance Industries’ net debt of about $21 billion, said Mahesh Uppal, director of communications consultancy firm Com First, in a conversation with TechCrunch. Rounak Jain. These services are available to Jio subscribers at no additional charge. Currently, Jyoti Jain holds the position of Secretary & Compliance Officer at Reliance Jio Infocomm Ltd. Ms. Jain is also on the board of Jio Platforms Ltd. This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia’s economy and our country’s citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom.”. Pankaj Jain, a high-profile angel investor, told TechCrunch that Jio Platforms’ digital services suite appeared to have helped it attract foreign investors. 400+ TV Channels. ETTelecom December 09, 2020, 18:33 IST Jio … Reliance Industries had no debt in 2012, but that changed when the company decided to enter the telecommunications market. RAJNEESH JAIN CFO ( Reliance Jio Infocomm Ltd.) Thane, Maharashtra, India 500+ connections. Know More. For some comparison, India’s startup ecosystem raised $14.5 billion last year — in what was its best year. Ambani pledged to clear Reliance’s debt due by early 2021. 05 Nov 2020. Reliance Jio is working with Realme and other organisations to further lower the price of 4G handsets and other connected devices, a senior company official said on Wednesday. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth. The company owns broadband wireless spectrum across all 22 mobile zones in the country for which it paid Rs 12,837 crore in a … Many frauds live on the internet who ask you lots of money to install or increase monthly rent of jio tower installation, so this article is aware of you from this type of advertisement. Today we announced a comprehensive long-term alliance with Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited. Rakesh Jain - Vice President and Head of P&C - Reliance Jio Infocomm Limited | LinkedIn View Rakesh Jain’s profile on LinkedIn, the world's largest professional community. Jio Platforms competes with Bharti Airtel and Vodafone Idea, a joint venture between British giant Vodafone and Indian tycoon Kumar Mangalam Birla’s Aditya Birla Group. Jio's CEO is Pravir Kumar. It operates a national LTE network with coverage across all 22 telecom circles. The Reliance Jio launch has aroused huge interest among subscribers. India’s richest man built a telecom operator everyone wants a piece of, In a statement, Yasir Al-Rumayyan, governor of PIF, said, “We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. 45 Mn Songs. View Other Jio Devices . Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. NEW DELHI: Mukesh Ambani-owned Reliance Jio Infocomm (RJI) received unified licence on Monday, according to people aware of the development. To be seen whether content can help increase margins significantly in India. ” finding it from my Jio app and. Insurance has been recognized at various prestigious forums and received several accolades market capitalization Corporate &. Insurance speaks about the importance of freedom and what it means today operates a national network! 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