Jio
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Jio logo
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Jio's headquarters in RCP, Navi Mumbai
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Formerly called
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| Subsidiary | |
| Industry | Telecommunications |
| Headquarters | Navi Mumbai, Maharashtra,India |
Key people
| Sanjay Mashruwalla (Managing Director) Jyotindra Thacker (Head of IT) Akash Ambani (Chief of Strategy) [1] |
| Products |
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| Parent | Reliance Industries |
| Subsidiaries | LYF |
| Website | www.jio.com |
Jio, also known as Reliance Jio and officially as Reliance Jio Infocomm Limited (RJIL), is an upcoming provider of mobile telephony, broadband services, and digital services in India. Formerly known as Infotel Broadband Services Limited, Jio will provide 4G services on a pan-India level using LTE technology.The telecom leg of Reliance Industries Limited, it was incorporated in 2007 and is based in Mumbai, India.
The services were beta launched to Jio's partners and employees on 27 December 2015 on the eve of 83rd birth anniversary of late Dhirubhai Ambani, founder of Reliance Industries.
History
In June 2010, Reliance Industries (RIL) bought a 96% stake in Infotel Broadband Services Limited (IBSL) for Rs 4,800cr. Although unlisted, IBSL was the only firm to win broadband spectrum in all 22 zones in India in the 4G auction that took place earlier that year. Later continuing as RIL's telecom subsidiary, Infotel Broadband Services Limited was renamed as Reliance Jio Infocomm Limited (RJIL) in January 2013.
Operations
In June 2015, Jio announced that it will start its operations all over the country by the end of 2015. However, four months later in October 2015, the company's spokesmen sent out a press release stating that the launch was postponed to the first quarter of the financial year 2016-2017.
Later in July, a PIL filed in the Supreme Court by an NGO called the Centre for Public Interest Litigation, through Prashant Bhushan, challenged the grant of pan-India licence to Jio by the Government of India. The PIL also alleged that Jio was allowed to provide voice telephony along with its 4G data service, by paying an additional fees of just ₹165.8 crore(US$25 million) which was arbitrary and unreasonable, and contributed to a loss of ₹2,284.2 crore (US$340 million) to the exchequer.
The Indian Department of Telecom (DoT), however, refuted all of CAG's claims. In its statement, DoT explained that the rules for 3G and BWA spectrum didn't restrict BWA winners from providing voice telephony. As a result, the PIL was revoked, and the accusations were dismissed.
Source : https://en.wikipedia.org/wiki/Jio
See also
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