Tag: JIO

Reliance Jio makes complaint to regulator about Bharti Airtel, Vodafone Idea

NEW DELHI – Reliance Industries Ltd’s telecom division has asked the Indian telecoms regulator to take action against rivals Bharti Airtel and Vodafone Idea Ltd for allegedly running a false propaganda campaign to attract its subscribers. In a letter dated Dec. 10, Reliance Jio alleged that the two […]

Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms – sources

NEW DELHI – Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries’ digital unit Jio platforms, three sources said on Thursday. Jio Platforms, which houses music and movie apps as well a Reliance’s telecoms venture Jio Infocomm, has secured […]

KKR to invest $1.5 billion in Reliance Industries’ digital unit, its biggest deal in Asia

NEW DELHI – KKR & Co Inc will invest $1.5 billion in Reliance Industries’ Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a massive $10 billion. Jio Platforms, which houses movie, […]

Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

NEW DELHI/BENGALURU – India’s Reliance Industries Ltd (RELI.NS) said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc (FB.O), boosting its efforts to cut debt. The deal adds to a flurry […]

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