July 27, 2017 5:29 AM ET

Diversified Telecommunication Services

Company Overview of Reliance Jio Infocomm Limited

Company Overview

Reliance Jio Infocomm Limited provides broadband services to customers using WI-MAX as access technology pan India. The company was formerly known as Infotel Broadband Services Limited and changed its name to Reliance Jio Infocomm Limited in January, 2013. The company was incorporated in 2007 and is based in Mumbai, India. Reliance Jio Infocomm Limited operates as a subsidiary of Reliance Industries Limited.

Makers Chambers IV

9th Floor

222 Nariman Point

Mumbai,  400 021

India

Founded in 2007

Phone:

91 22 4477 0000

Key Executives for Reliance Jio Infocomm Limited

Chief Executive Officer
Age: 56
Managing Director and Director
Age: 68
President of Network, Global Strategy, and Service Development
President of Devices Business
Senior Vice President
Age: 55
Compensation as of Fiscal Year 2017.

Reliance Jio Infocomm Limited Key Developments

Reliance Jio Infocomm to Launch 4G, VoLTE Feature Phone

Reliance Jio Infocomm will be launching 4G, VoLTE feature phones. These phones, pre-bookings for which would begin from August 24, 2017 and deliveries from September. The phone comes for INR 1,500, which has been called a refundable security - users can get it back by returning the phone after 36 months. The base tariff is INR 153 a month, which offers free voice calls and 0.5 GB data a day. The other pack offers 1 GB a day for 56 days for INR 309.

Balaji Telefilms Mulls Selling Up To 26% Stake In ALT Balaji

Zee Entertainment Enterprises Limited (NESI:ZEEL), Reliance Jio Infocomm Limited and an international studio are reportedly looking to acquire 26% stake in ALT Balaji Digital Media Entertainment Ltd. from Balaji Telefilms Limited (BSE:532382), people familiar with the matter said. In an exchange notification following BloombergQuint’s report, Balaji Telefilms clarified it is in talks with several financial and strategic investors who have expressed “strong interest to partner with ALT Balaji”. The board is actively considering all options available, the notification said. Zee Entertainment Enterprises Ltd clarifies on news, no proposal relating to acquisition of any stake in Alt Balaji by co.

Reliance Jio Infocomm Limited Launches New Submarine Cable System

Reliance Jio Infocomm Ltd. announced the launch of the Asia-Africa-Europe (AAE-1) submarine cable system. AAE-1, the longest 100Gbps technology based submarine system, will stretch over 25,000 km from Marseille, France to Hong Kong, with 21 cable landings across Asia and Europe. This large scale project is the combined work of leading telecom service providers from Europe, the Middle East, and Asia. With diversified Points of Presence (PoP) in Asia (Hong Kong and Singapore) and three onward connectivity options in Europe (via France, Italy and Greece), AAE-1 will provide the requisite flexibility and diversity for carriers and their customers. AAE-1 will pass through the critical hubs, serving the increasing demand for video centric data bandwidth supporting all types of communications, applications, and content within India and beyond. AAE-1 links seamlessly with other cable systems and fiber networks to deliver direct access to all global markets.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 20, 2017
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Private Placement
September 12, 2016
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