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.

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.

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 »