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Reliance Jio Infocomm Limited, d/b/a Jio, is an Indian mobile network operator wholly owned by Reliance Industries and headquartered in Mumbai, Maharashtra, India, it operates a national LTE network with coverage across all 22 telecom circles.
The acquisition of spectrum by Reliance Jio Infocomm (RJio) and Bharti Airtel in recently-concluded 4G spectrum auction will not impact their financial and credit profiles, India Ratings and Research (Ind-Ra) said on Friday.
Even after the tariff hikes, competitive pressure for telecom operators remains elevated, India Ratings and Research (Ind-Ra) has said in its latest credit news digest.
Telecom Secretary Anshu Prakash on Wednesday met Cabinet Secretary Rajiv Gauba to discuss the way forward for the Committee of Secretaries set up to consider a relief package for the telecom sector.
Vendors with television marketplace HomeShop18 on Friday claimed that around Rs 150-200 crore is due to them from the company, which the promoters - both former and current - refuse to pay.
Though the stress on its average revenue per user (ARPU) figure and a marginal drop in subscribers are likely to put pressure on Reliance Jio's current tariffs, the company may not raise tariffs before one of its key services Fibre-to-The-Home (FTTH) is rolled out as expected in the fourth quarter of the current fiscal, according to SBI Caps.