June 17, 2018 11:11 PM 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

Chairman & MD
Age: 60
Managing Director and Director
Age: 68
Chief Financial Officer
President of Network, Global Strategy & Service Development and Director
President of Devices Business
Compensation as of Fiscal Year 2017.

Reliance Jio Infocomm Limited Key Developments

Jio Announces New Offers on Two More Samsung Smart Phones as A Part of the Ongoing Jio Galaxy Club

Jio announced new offers on two more Samsung smart phones as a part of the ongoing Jio Galaxy Club. The Samsung Galaxy J2 2018 and Galaxy J7 Duo will be available to buyers with offers from Jio that include instant cash back and extra data benefits. Both the smart phones - Samsung Galaxy J2 2018 and Galaxy J7 Duo were launched in India in April this year at a price of INR 8,190 and INR 16,990, respectively. As per the Jio Galaxy Club offer, the Galaxy J2 2018 will be available with instant cash back worth INR 2,750, which will be given to the buyers in the form of 55 vouchers of INR 50 each. In addition to the vouchers, the buyers who use Jio SIM card will ale be entitled to additional 100GB data on the purchase of plans worth INR 198 and INR 299. Jio will provide 10 data vouchers of 10GB each - totalling the data amount to 100GB. This also brings the cost of the smart phone effectively down to INR 5,440. Similarly, Samsung Galaxy J7 Duo buyers will get an instant cashback of INR 2,750 in tranches of 55 vouchers of INR 50 each. The buyers will also receive double data offer on the subscription of INR 198 or INR 299 plans, which means that the customers will receive 4GB data per day instead of 2GB in the INR 198 plan and 6GB data per day instead of 3GB under the INR 299 prepaid plan. Jio's offer on both the Samsung smart phones will be valid until September 30 this year. Both the smart phones are available to buy from both online and offline channels.

RCom Reportedly Reached Out-Of-Court Settlement With Ericsson

Reliance Communications Limited (NSEI:RCOM) is believed to have reached an out-of-court settlement with Telefonaktiebolaget LM Ericsson (publ) (OM:ERIC B), a move that will enable Reliance Communications to proceed with its asset-sale plans. The move will also help RCom avoid the bankruptcy proceedings sought by Ericsson in a filing before the National Company Law Tribunal's (NCLT) Mumbai bench. Executives of both companies met today and decided to settle the dispute, which has been going on for the past eight months. Now,, both the parities will jointly move the National Company Law Appellate Tribunal (NCLAT) to withdraw the bankruptcy proceedings, saud sources close to the development. The settlement, if approved, will enable RCom and its subsidiaries, Reliance Telecom Limited and Reliance Telecom Limited to exit the IBC process, while RCom's proposal to sell its wireless assets to Reliance Jio Infocomm Limited will proceed as per plan. On Thursday, RCom's share prices closed up 56.87% to 16.55, after soaring 69.67% in intra-day trading, on a weak BSE.

Reliance Jio Infocomm Limited Presents at TM Forum's Digital Transformation World 2018, May-15-2018 08:45 AM

Reliance Jio Infocomm Limited Presents at TM Forum's Digital Transformation World 2018, May-15-2018 08:45 AM. Venue: Nice, France. Speakers: Anish Shah, President, Information Technology, Steffen Roehn, Senior Adviser.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 28, 2017
Wireless, Spectrum, Tower, Fiber & Media Convergence Node Assets of Reliance Communications Limited
Private Placement
July 20, 2017
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