Reliance Jio saw 7.96 million users leave the telecom operator in September, data from the Telecom Regulatory Authority of India (Trai) showed on Thursday. This was Jio’s third straight month of losing subscribers.
Reliance Jio Infocomm chairman Akash Ambani called for the government to embrace a holistic artificial intelligence (AI) strategy focused on self-sufficiency.
India has over 1.1 billion mobile subscribers, making it the second-largest market in the world. In terms of network coverage, India ranks second globally.
As per the information shared by the company, the new tariff plans range from Rs 189 for 2 GB per month to Rs 3,599 for 2.5 GB per day annual plan. These plans include unlimited 5G data for all plans with 2GB/day and above.
Reliance Jio on Friday successfully demonstrated India’s first satellite-based giga-fibre service to provide high-speed, affordable Internet services in inaccessible areas across the country.
Ambani said that Jio Platforms is conceived with vision of developing original, captive intellectual property.
In a regulatory filing, the oil-to-telecom conglomerate named four companies who have completed buying subscriptions in Reliance Jio.
With this deal, both the firms are on a path to give competition to the e-commerce giants like Amazon and Walmart-backed Flipkart for a piece of the sector that KPMG believes is set to grow to $200 billion by the year 2027.
Facebook kicked-off the party, investing Rs 43,573.62 crore to secure 9.99 per cent stake. This was closely followed by a further Rs 60,753.33 crore in investment spread across eight different private equity investors.
1. The move would not pit Sundar Pichai-led Google against Facebook which has poured in Rs 43,574 crore for 9.99 per cent stake in Reliance-led Jio Platforms. 2. Google's parent company Alphabet also held talks with Reliance Jio Platforms to acquire a slice of Jio Platforms but lagged behind. 3. The development between Google and financially-troubled Vodafone brings a sigh of relief as it has over Rs 53,000 crore in AGR dues.
