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Reliance Jio

Reliance Jio – Indian company that started the wave of the wireless 4G network all across India

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Everyone demands a faster network and in fact, it is the need of the present era. However, Reliance Jio started the wave of 4G in the Indian telecom market in 2016. With affordable prices and a faster network, Reliance Jio became much popular in India. In fact, it became India’s largest mobile operator as of 2019. As well, it is 3rd largest mobile network operator in the world. Presently, the firm has been covering more than 22 telecom circles, and about 38.75 million uses the Jio network. The firm has also launched fiber to home service recently in 2019.

All About Reliance Jio

An Indian telecommunication firm Reliance Jio is well-known all over the world. It is headquartered in Mumbai, India. The firm is known for introducing LTE network all across the country, covering more than 22 telecom circles. As well, the firm made use of voice over LTE to enable voice service on the 4G network.

In 2015, the firm launched Jio soft as a beta version. Initially, it was limited to employees and partners. While it was made public in 2016 and soon became a major mobile network operator in India. The firm also launched fiber to home service in 2019. With this, it enables services like home broadband, TV, and telephone services. Recently, the firm was in the news as it raised about 21 billion dollars in 2020. For this, Jio sold 32.97% equity stakes in the Jio platform.

The person behind Jio’s success- Mukesh Ambani

Mr. Mukesh Ambani, the head of the Reliance industry is one of the successful industrial leaders of India. This person not only maintains the name of Reliance but also grow the network of the business all over the world. One of such milestones led by Mr. Mukesh is Reliance Jio. Today, it became some of the most expansive 4G broadband wireless networks in the world. Apart from the business, he holds many prestigious memberships of international organizations. He is a member of the World Economic Forum’s Foundation board. As well, he is having the membership of the United States National Academy of Engineering.

History

Initially, the firm was registered with the name Infotel Broadband services Limited in 2007 at Ambawadi, Gujarat. After three years, the Reliance industry acquired IBSL with 95% stakes. At that time, the firm has already had 4G broadband spectrums in all 22 circles in India. Since then it is one of the subsidiaries of the Reliance industry. In 2013, the firm has entered the telecommunication market with the name Reliance Jio Infocomm Limited.

Reliance Jio
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Launching the 4G service for free

The firm launched 4G service in 2015. But initially, it was for an internal purpose, for employees and the office. However, it was made available for consumers in 2016. For almost one year, Jio offered free data and voice services which later on extended to March 2017. With this free offer, Jio has acquired a number of users, crossing the number of 1.6 crores. In just 83 days, the firm set the record by acquiring more than 50 million subscribers. As well, it also reached 100 million subscribers in a year.

Controversies

Just after it entered the consumer market, the Centre for Public Interest Litigation filed a PIL in SC against JIO. As per that PIL, the Indian government accused of granting a pan-India license to JIO. It also alleged JIO for taking additional fees for voice telephony with its 4G data service. However, the Supreme court revoked the PIL as the government and Jio explain the rules which they followed.

Products and services

The firm entered the market with 4G broadband service in 2016. As of 2018, the firm introduced Jio GigaFiber as well as broadband internet. As well, it launched television and landline service in the same year. On the third anniversary of Jio, it made a surprising announcement to offer streaming of films in theatre for JioFiber subscribers.  Currently, the firm covers the network of more than 250k km of fiber optic cables in India. By way of launching 4G all across India, Jio has started offering free wi-fi services in cities all across the nation.

Introducing JioPhone

In 2017, the JioPhone create a buzz in the mobile industry for its affordable price that actually works on the 4G network. Many consumers booked the JioPhone overnight and enjoyed the speed of 4G. With the huge popularity of the first model, the firm unveiled the second version of it in the following year. JioPhone became hit among mid-age persons as it is simple to use yet, comes with advanced features.  As well, Facebook, Whatsapp, and Youtube can be accessed easily on JioPhone.

Jio apps

Like the grand entry in 4G service, Jio launched a number of apps on Google Play. These apps are free and available in various segments. Like health, entertainment, Messaging, as well as apps for backups. Only one thing is needed to enter in Jio’s app world, i.e., Jio number. Some of the apps in the entertainment segment are JioCinema, JioTV, JioNews, JioSaavan, etc. For chat and video calls, the apps are JioPages, JioMeet. Other apps are JioHealth, JioMoney, JioVoice, MyJio, and many others that are available on the play store.

Reliance Jio

Qualcomm Newest Backer for Ambani-led Reliance Jio Group

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Reliance has come out with quite a few big announcements in the past month or so. It is clear that the Mukesh-Ambani-led company is planning something huge this year. Recently, Qualcomm became the newest backer of Reliance Jio. Reports flooded in yesterday, stating that the high-profile company had bought into Ambani’s Reliance Jio Platform. Here’s a look at everything you need to know about this new investment, and what it means for Reliance.

Investments in JIO

Over the past 12 weeks, Reliance JIO raised over $15.7 billion from a plethora of investors. As per reports, Qualcomm will be putting in $97 million into Reliance Jio for a 0.15% equity stake. Furthermore, the investment will occur on a fully diluted basis within the country’s biggest telecom operator. The statement outlined that Qualcomm would help Jio Platforms with their advanced 5G infrastructure, making things easier for their Indian customers. After Facebook buying a 9.99% stake for Rs 43,574 crore, Qualcomm is another large American company to invest in JIO. Headquartered in California, Qualcomm specialises in 4G and 5G technology enabling. Also, it files the highest number of patents in India, being a major player in the smartphone-chip space.

Reliance JIO Story

In India, Reliance Jio competes directly with Bharti Airtel and Vodafone Idea. However, since inception, it has come out as a potent disruptor, gaining market share rapidly due to great marketing, and incredible cut-rate plans. Over the course of four years, it has grown to almost 400 million subscribers, becoming the world’s second-largest internet player. Reliance JIO has dominated the Indian telecom market while keeping the metric of average revenue per user at par with rivals. The parent company of JIO, Reliance Industries is India’s highest-valued firm with several high-profile investors. JIO too has been raking up investors, of the likes of, Facebook, Intel and even General Atlantic. Through these investments, Jio Platforms has sold approximately 25% stake, as a means to raise more capital.

JIO Services

Reliance’s digital service units also features an array of digital services, such as streaming for music, movies, shows and TV and even sports. To the tally of services, it recently added a video conferencing application just earlier this month. As per Qualcomm’s Chief Executive Steve Mollenkopf, Jio Platforms is planning on delivering a new set of services to the Indian public in the months to come. He also stated that 5G will help revolutionise the Indian infrastructure, transforming every industry within the country. Since Jio has led India’s digital revolution via an array of technological capabilities, Qualcomm will do everything it can to further this revolution. 

Political Reasons at Play

As per certain experts within the field, Mukesh Ambani’s closeness with BJP, which rules India, is helping make JIO all the more attractive. Due to this closeness, buying into JIO, might help them negotiate better regulations, and lower the burden they currently face within the country. However, most of these are obscure reports and speculation, as the investors do not want to publicly talk of their political connections. Furthermore, the global initiative to cut back on the reliance on China is also helping JIO get global backing. Both India and the US have been taking proactive steps to reduce their dependency on China. Just recently, India banned the use of over 58 Chinese applications and services, including TikTok. In line with this stand, Reliance JIO does not have any Chinese investor on-board.

Through a statement, Ambani expressed his joy over the collaboration, calling Qualcomm a valued partner. He also stated that the companies share a common vision of building a global digital network that allows everyone to benefit from the connectivity it provides. This is the thirteenth consecutive deal for JIO, making it the most extensive continuous fundraising by any company in the world. In comparison, India’s start-ups raised just around Rs 1.10 lakh crore last year, which was also its best year. Meanwhile, Reliance Industries has now raised Rs 118,318.45 crore from some of the world’s biggest tech-space investors.