Reliance Jio Infocomm Ltd (R-Jio)

Merger with Idea signals Vodafone’s shrinking interest in India


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 »