Diversified Telecommunication Services
Company Overview of Reliance Jio Infocomm Limited
Infotel Broadband Services Limited, a development stage company, intends to provide broadband services to customers using WI-MAX as access technology pan India. The company was incorporated in 2007 and is based in Mohali, India. Infotel Broadband Services Limited operates as a subsidiary of Reliance Industries Limited.
Founded in 2007
Key Executives for Reliance Jio Infocomm Limited
Managing Director and Director
Head of Innovation & Platform
Compensation as of Fiscal Year 2013.
Reliance Jio Infocomm Limited Key Developments
Bharti Airtel Limited and Reliance Jio Infocomm Limited Announce Comprehensive Telecom Infrastructure Sharing Arrangement
Dec 10 13
Bharti Airtel Limited and Reliance Jio Infocomm Limited announced a comprehensive telecom infrastructure sharing arrangement under which they will share infrastructure created by both parties. This will include optic fibre network inter and intra city, submarine cable networks, towers and internet
broadband services and other such opportunities identified in the future. The cooperation is aimed at avoiding duplication of infrastructure, wherever possible, and to preserve capital and the environment. This will also provide redundancy in order to ensure seamless services to customers of the respective parties. The arrangement could, in future, be extended to Roaming on 2G, 3G and 4G, and any other mutually benefiting areas relating to telecommunication, including but not limited to jointly laying optic fibre or other forms of infrastructure services. The pricing would be at `arm's length',
based on the prevailing market rates.
Reliance Jio Infocomm Limited Gets Unified License for 22 Service Areas Across India
Oct 25 13
Reliance Jio Infocomm Limited announced that it has received Unified License for all 22 Service Areas across India and becomes the first telecom operator in the country to get pan India Unified License. The Unified License would allow RJIL to offer all telecom services including voice telephony under a single license. Reliance Jio Infocomm Limited signed the Unified License Agreement with Government of India, Ministry of Communication & IT, Department of Telecommunication (Access Service Division) on October 21, 2013 after submission of desired documents and payment of requisite entry fee.
Reliance Jio Infocomm Limited Reports Unaudited Earnings Results for the Half Year Ended September 30, 2013
Oct 14 13
Reliance Jio Infocomm Limited reported unaudited earnings results for the half year ended September 30, 2013. For the period, the company reported net sales/income from operations of INR 0.2 million compared with INR 0.2 million for the same period last year. Loss from operations before other income, interest and exceptional items was INR 40.3 million compared to INR 29.8 million a year ago. Loss from ordinary activities before tax was INR 40.6 million compared with INR 29.3 million for the same period last year. Net loss was INR 40.6 million or INR 0.28 basic and diluted per share not annualized compared with INR 29.3 million or INR 0.01 basic and diluted per share not annualized for the same period last year.
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