Jio
| Reliance Jio Infocomm Limited
|
|
|---|---|
.svg){kind=logo} |
|
| legal form | subsidiary company |
| founding | February 15, 2007 |
| Seat |
Mumbai , India
|
| management | Mukesh Ambani |
| sales | $ 1.7 billion (2018/19) |
| Branch | telecommunications |
| Website | https://www.jio.com/ |
Reliance Jio Infocomm Limited , as Jio known, an Indian telecommunications company and a wholly owned subsidiary of Reliance Industries , headquartered in Mumbai ( Maharashtra ). The company operates a national LTE network that covers all 22 telecommunications circles in the country. With over 355 million users (August 2019), it was the third largest telecommunications company in the world after China Mobile and Vodafone by user numbers and the largest in India ahead of Bharti Airtel . Other areas in which the company operates are fiber optic networks , streaming and smartphones .
history
The company was in on 15 February 2007 Ahmedabad ( Gujarat registered) as Reliance Jio Infocomm Limited. In June 2010, Reliance Industries (RIL) acquired a 95 percent stake in Infotel Broadband Services Limited (IBSL) for $ 690 million. Although unlisted, IBSL was the only company to win broadband spectrum for all 22 telecommunications circles in India in the 4G auction that took place earlier this year. Infotel Broadband Services Limited was renamed Reliance Jio Infocomm Limited (RJIL) in January 2013. In 2013 the company was granted the right to operate mobile services on its 4G spectrum.
In 2016 it began to aggressively expand in the Indian market with the profits of Mukesh Ambani’s Reliance conglomerate . The company commercialized its 4G cellular services on September 5, 2016. Within the first month, Jio announced that it had acquired 16 million subscribers. Jio passed the 50 million subscriber mark in 83 days since its inception, and then passed 100 million subscribers on February 22, 2017. In 2019 the limit of 300 million subscribers was exceeded. The company thus plays an important role in the growing spread of the mobile Internet in India. This is made possible primarily thanks to the company's low-price strategy. That is why the prices for mobile data volume on the Indian market fell enormously.
On January 25, 2016, the company presented its own smartphone under the name LYF.
In September 2019, Jio launched a fiber optic network that offers broadband, television and telephone services for private households.
alliance
In February 2016, Jio announced a global alliance of cellular operators that includes the following companies:
Individual evidence
- ↑ Sohini Mitter: Reliance Jio crosses 355 million subscribers, net profit up 45.3 pc. October 18, 2019, accessed October 22, 2019 .
- ↑ RIL's Infotel Broadband renamed Reliance Jio Infocomm - Latest News | Gadgets Now. January 31, 2013, accessed October 25, 2019 .
- ^ Mukesh Ambani has made the business world's most aggressive bet . In: The Economist . March 11, 2017, ISSN 0013-0613 ( economist.com [accessed October 22, 2019]).
- ↑ Reliance Jio crosses 50 million subscriber mark in 83 days. In: The Indian Express. November 29, 2016, accessed October 25, 2019 (en-IN).
- ↑ Mukesh Ambani wants to be India's first internet tycoon . In: The Economist . January 26, 2019, ISSN 0013-0613 ( economist.com [accessed October 22, 2019]).
- ↑ Dirt-cheap mobile data is a thrill for Indian consumers . In: The Economist . ISSN 0013-0613 ( economist.com [accessed October 25, 2019]).
- ↑ Reliance Jio & 8 Other Global Telecom Operators Forge Alliance To Expand Reach & Digital Footprint (en-US) . In: Trak.in - Indian Business of Tech, Mobile & Startups , February 15, 2016.
- ↑ Jio is now part of a global operator alliance including BT, Deutsche Telekom and others - Tech2 (en-US) . In: Tech2 , February 16, 2016.