Reliance Jio

Reliance Jio

Reliance-Jio-Services1

Company Overview

Reliance Jio Infocomm Limited provides broadband services to customer. 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.

History

In 2005, Reliance Industries Limited split and there was one major de-merger of note for Mukesh Ambani. His dream project- Reliance Infocom became a part of Anil Dhirubhai Ambani Group. Mukesh Ambani went on to acquire Infotel Broadband Services Limited. The company was the only successful bidder for pan-India 4G network. Reliance then worked on establishing base for high-speed optical fibre 4G network. It is actually capable of much more than 4G.

A Vision That Touches All

Reliance’s vision for India is that broadband and digital services will no longer be a luxury item. Rather, Reliance envisions an India where these are basic necessities to be consumed in abundance by consumers and small businesses alike, as much in far-flung villages as in our largest cities. The initiatives are truly aligned with the Government of India’s ‘Digital India’ vision for our nation. Jio aims to become India’s largest telecommunications player within three years of the launch and to break even by the end of third year. Analysts believe Ambani will definitely change the pecking order in the world’s third biggest telecom market as most players are reeling under huge debts amid falling margins

Refrences

http://www.bloomberg.com

http://www.ril.com

http://www.successstory.com

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