ગુજરાતી
English
1 November 2020
Mukesh Ambani, the biggest billionaire in Asia and India, had to sell part of Reliance’s fiber optic network. Mukesh Ambani’s Jio Mobile Company had a market debt of about Rs 3 lakh crore. The fiber optic company was earlier a part of Reliance Jio, a subsidiary of RIL and currently has a debt of Rs 87,296 crore.
Muslim country Saudi Arabia’s Public Investment Fund and the Abu Dhabi Investment Authority have agreed to invest 1 arab dollars to buy a 51 percent stake. Reliance Jio has invested Rs 3.5 lakh crore in optical fiber. Both funds will buy a 51 percent stake in Reliance’s Invit Digital Fiber Infrastructure Trust. Various companies will now hold a 49 per cent stake in Reliance.
Mohammad bin salman
The AC, headquartered in Riyadh, Saudi Arabia, is headed by Mohammed bin Salman and Yasir bin Othman al-Rumayan. Also among the directors are Ibrahim Abdulaziz Al-Asaf, Drs. Majeed Abdullah al-Qasbi, Mohammed Abdul Malek al-Sheikh, Ahmad Akil al-Khatib, Khalid Abdulaziz al-Falih, Mohammed Abdullah al-Jadan, Mohammed Abdul Alamad Almad.
In the Abu Dhabi Investment Authority, Sheikh Khalifa bin Ayad Al Nahyan has been appointed as Chairman and Sheikh Hameed bin Zayed Al Nepean as MD.
2.2 lakh towers and 3 lakh km of fiber
Jio has around 2.2 lakh towers across the country. In addition, there are 3 million kilometers of optic fiber. Which reaches its network of 300 million subscribers. Who has sold the company to a foreign Muslim country.
2 crore home landline phones
This plan will start from 100 Mbps with free landline phone connection in Jio GigaFiber 2 crore homes. The annual plan taker will get a Jio Forever plan. Full HD TV, home PC, fork set-top box will be given completely free. Geo Fiber will be able to watch the film at their home on the same day the film will be released in theaters at a premium. However, the service will be launched in mid-2020.
Mukesh Ambani made the following announcements on 13 August 2019
At the end of June 30, 2019, total net debt of Reliance Industries was Rs 1,54,478 lakh crore. The loan will be issued in 18 months till 31 March 2021. Reliance Industries has invested Rs 5.4 lakh crore in 5 years.
Jio Fiber Services was to be launched on commercial basis on September 5, 2019, on the third anniversary of the launch of Jio. The plans ranged from Rs 700 to Rs 10,000 per month.
Gigafiber
Jio GigaFiber was to be launched in 12 months. The new Jio set-top boxes are thousands of local cable operators who work with Hathaway, DEN and GTPL. Their broadcasts will accept cable TV signals.
Reliance Jio’s set-top boxes will be ultra high-definition entertainment, virtual realty content, multi-party video conferencing, voice-enabled virtual occupants, interactive gaming, home security and other smart home solutions. Reliance Jio has so far received over 150 lakh registrations for Jio Fiber broadband service from 1600 villages and cities across India.
Network
Jio’s IoT service will be launched in the market from January 1, 2020. Jio’s Internet of Things (IoT) venture, a nationwide network known as Narrowband Internet of Things or NBIOT, was expected to generate a revenue of Rs 20,000 crore.
Jio Unlimited US and Canada ISD calling service will offer fixed monthly fare from Jio landline for Rs 500.
Cloud business
Partnered with Microsoft for Cloud Solutions. Which will establish a world-class network of large data centers. 700 will generate 700 billion in new business opportunities. 300 million merchants across the country – will digitally connect grocery stores, which will become a digital store.
The startup will be provided connectivity and Jio Azure cloud service for free. Will build blockchain with millions of nodes. Jio Fiber customers will receive an annual plan for Jio Forever with a full HD TV or home PC and fork set-top box provided completely free.
Separated the two companies from Jio
Telecom Infrastructure Assets has been transferred to its two separate infrastructure trusts with the aim of raising funds from large global institutional investors.
