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February 14, 2016 8:30 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

3rd Floor

222 Nariman Point

Mumbai,  400021

India

Founded in 2007

Phone:

91 22 2278 5000

Fax:

91 22 2278 5560

Key Executives for Reliance Jio Infocomm Limited

Chief Executive Officer
Age: 54
Managing Director and Director
Age: 66
President of Network, Global Strategy, and Service Development
President of Devices Business
Senior Vice President
Age: 53
Compensation as of Fiscal Year 2015.

Reliance Jio Infocomm Limited Key Developments

Reliance Jio Launches 4G Lyf Smartphones at Reliance Digital Stores

Reliance Jio has launched its 4G Lyf smartphones at Reliance Digital stores. The phones were first unveiled earlier this month, at which point only employees of the company could buy them. Jio had similarly launched its 4G services for employees last month, ahead of the planned consumer rollout by March this year. The three new smartphone models launched by the company are for sale online as well as in Reliance Digital's offline outlets. As of now, the website lists LYF Water 1, LYF Water 2 and LYF Earth 1 smartphones. Water 2 is the most basic of these phones with a 720p 5" LCD display, 2GB RAM and an Snapdragon 615 chip. Water 1 is a slightly upgraded model with a 1080p display, while Earth 1 is the highest end of the lot with a 1080p AMOLED 5.5" display, 3GB RAM and a slightly overclocked Snapdragon 615. Other than this, all phones feature dual SIM slots and run Android 5 and above. Jio has priced these phones at INR 15,499 for Water 2, INR 17,399 for Water 1 and INR 23,990 for Earth 1. The company is already offering 5%-14% discounts on these phones.

Reliance Jio Infocomm Limited, Board Meeting, Jan 18, 2016

Reliance Jio Infocomm Limited, Board Meeting, Jan 18, 2016. Agenda: To consider and approve the further issue equity shares.

Reliance Jio Infocomm Ltd and Reliance Communications Limited Announce Signing of Agreements for Change in Spectrum Allotment in 800 MHz Band and Sharing of Spectrum in 800 MHz

Reliance Jio Infocomm Ltd. and Reliance Communications Limited announced the signing of Agreements for Change in Spectrum Allotment in 800 MHz band across 9 Circles from RCOM to RJIL and for Sharing of Spectrum in 800 MHz band across 17 Circles. As part of the strategic collaboration, both companies also intend to enter into reciprocal Intra Circle Roaming (ICR) arrangements. Access to enhanced spectrum footprint in the 800 MHz band will complement RJIL's best-in-class LTE services rollout, providing increased network coverage and superior service quality. The spectrum arrangements between RJIL and RCOM will result in network synergies, enhanced network capacity and will optimise spectrum utilisation and capex efficiencies. Both operators anticipate considerable savings in operating costs and future investment in networks. Customers of RCOM will benefit from access to RJIL's world class LTE network under the reciprocal sharing and ICR agreements. The arrangements are subject to liberalisation of RCOM spectrum in the 800 MHz band and obtaining requisite approvals. These agreements further strengthen the comprehensive framework of business co-operation between RJIL and RCOM group, following the nationwide long term IRU agreements for inter and intra city optical fibre networks, and for sharing of telecom tower infrastructure.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 18, 2016
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