Reliance Jio Infocomm Ltd (R-Jio)

Merger with Idea signals Vodafone’s shrinking interest in India

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Vodafone investors have been recommending an exit from India.

Although Vodafone appears to have chosen the middle path, investors in the merged company might well view this shrinking interest as a sign of lesser interest in the Indian market’s prospects. Photo: Hemant Mishra/Mint
Photo: Mint
India: Reliance has invested $22.5b in Jio project, far higher than projected

Reliance Industries Ltd (RIL) chairman Mukesh Ambani Wednesday described his phone company as the world’s largest start-up, entailing an initial investment of Rs.1.5 trillion ($22.5 billion). The figure is far higher than the around Rs.85,000 crore RIL, in April last year, said it was investing in Reliance Jio Infocomm.

Photo: REUTERS/Danish Siddiqui
Its app store also has Jio Money for customers but it is not yet open for the public without a Jio verified user ID. Photo: Priyanka Parashar/Mint
Airtel already has an aggressive marketing campaign estimated to have cost Rs30 crore for the first phase of four-six weeks, even as media buyers expect Rs400-500 crore to be spent by telecom operators over the next three-six months. Photo: Pradeep Gaur/Mint
India: 4G data to trigger next big ad war

The launch of high-speed 4G data services is set to become the next high-stakes battleground for telecom companies, and media buyers are expecting operators such as Bharti Airtel Ltd, Vodafone India Ltd and Reliance Jio Infocomm Ltd (R-Jio) to spend millions of dollars on advertising over the next few months… Read more »