- July 25, 2015
- Posted by: Tridindia
- Category: Latest News
For the commercial 4G launch around December, Reliance Jio Infocomm outlined an investment of INR 1 lakh crore investments. The company said that it is open to spectrum sharing and trading as well as acquisitions for adding more airwaves to its kitty. Almost 3 quarters of the total money has already been spent.
According to a company spokesman (declaring the financial results of parent Industries of Reliance), the equity investment in the organization is INR 30,000 crore.
Mukesh Ambani says that the launch of their Jio services which would welcome a positive transformation in the lives of several Indians.
The company is likely to enter an extensive beta program in the upcoming few weeks. The company further said that the next financial year starting on 1st of April, 2016 would be the first full year of operations for the new telecom operator.
RIL has successfully examined its voice service over the data network, and reported that it was easily connected to the existing network technologies that were used by obligatory operators.
The company said that among 22 service areas, 20 areas are such where Jio has at least one of 1800MHz or 800MHz spectrum alongside the spectrum in 2300MHz band. All of these can be easily utilized for 4G LTE services, and they are reported to have been acquired for over $4.5 billion.
Jio proposes to launch customizable tariff plans that will service its clients around 1,000 Jio centres. Ambani said that the pricing of INR 300-400 per month would buy sufficient amount of data on the Jio network for Internet surfing and calling.
To provide 8-10 million 4G devices in India, the company has partnered with various handset vendors, such as Apple, Micromax, Samsung, Lava, Sony, Karbonn, Motorola and LG. The bulk of these devices would be priced below INR 4,000.