July 23, 2014 5:02 PM ET

Diversified Telecommunication Services

Company Overview of Reliance Jio Infocomm Limited

Company Overview

Reliance Jio Infocomm Limited provides broadband services to customers using WI-MAX as access technology pan India. Reliance Jio Infocomm Limited was formerly known as Infotel Broadband Services Limited and changed its name to Reliance Jio Infocomm Limited in January 2013. The company was incorporated in 2007 and is based in Mumbai, India. Reliance Jio Infocomm Limited operates as a subsidiary of Reliance Industries Limited.

Makers Chambers IV

3rd Floor

222 Nariman Point

Mumbai,  400021

India

Founded in 2007

Phone:

91 22 2278 5000

Fax:

91 22 2278 5111

Key Executives for Reliance Jio Infocomm Limited

Managing Director and Director
Age: 65
President
President of Strategy and Network
Senior Vice President
Age: 52
Compensation as of Fiscal Year 2014.

Reliance Jio Infocomm Limited Key Developments

Reliance Jio Infocomm to Launch 4G Services

Reliance Jio Infocomm announced that it expects to launch its 4G services in phases during 2015. The company expects to launch field trials of this technology from August 2014 until the first months of next year. In an initial phase, the company's 4G network will cover 5,000 towns and cities and 215,000 villages.

Sunil Dutt Joins Reliance Jio Infocomm as the President

Sunil Dutt has joined as the president of Reliance Jio Infocomm. He will be responsible for developing a portfolio of self-branded handsets which will be manufactured by third party vendors as well as managing the third party 4G handset portfolio for Reliance Jio. Dutt had quit as the managing director of BlackBerry India.

Reliance Jio to Raise INR 10,000 Million Through Private Placed Corporate Bonds

Reliance Jio Infocomm is planning to raise up to INR 10,000 million through private placed corporate bonds. It would be the larger issuance by a corporate entity in the current financial year. Although the company is primarily exploring different maturities of five, seven and 10 years to mop up the funds but it is likely to be ten-year security only. The coupon rate may be fixed in the range of 9.25-9.35%.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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