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Reliance Jio Infocomm Ltd (RJIL), the unlisted subsidiary of Reliance Industries Limited (RIL) on Monday announced a plan to issue 15 billion equity shares of Rs 10 each to the existing shareholders (to raise Rs 15,000 crore) ahead of the launch of the  4G telecom services  in April. This is the second largest rights issue announced after State Bank of India, which had raised Rs 16,700 crore in January 2008. RJio’s shareholders include RIL - which owns close to 99.16 per cent stake while around one per cent is owned by the Nahatas of HFCL in a personal capacity. This means 99 per cent of the Rs 15,000 crore will come from RIL’s coffers. As on September last year, RIL had cash equivalents and investments of Rs 87,911 crore. RIL’s board of directors is meeting on Tuesday to announce its December quarter results and is expected to take a call on the investment. RIL has invested Rs 30,000 crore in RJio in the form of equity and also provided guarantee to RJIL’s debt obligation...

Ahead of the commercial launch of Reliance Jio (RJio) in April, the Ambani brothers on Monday inked the spectrum trading and sharing agreements for 800 Mhz spectrum, which will bolster RJIo’s spectrum holdings. Anil Ambani’s Reliance Communication (RCom) signed spectrum trading agreement with Mukesh Ambani’s Reliance JIo Infocomm for 800 Mhz licences in nine circles.  Read Articles  

1. What is  Reliance Jio  launching Reliance Industries is launching its fourth generation wireless broadband service under the brand name, Jio. The service is not just about offering wireless telephony service. This fourth generation (4G) LTE service will offer significantly faster data speeds. 2. Wht is 4G Fourth generation technology standards allow to take advantage of more bandwidth and better output. So what has been done traditionally through wired applications can be now done on wireless devices at an equal speed. So consumers with 4G devices can access high-speed data, high-definition voice and do real-time video conferencing. The network also offers superior latency for gaming. 3. Will a 4G connection work on any smartphone Consumers will need to buy 4G-enabled handsets if they want to subscribe to the service. Since the high-speed data service runs on multiple frequencies, it would need a phone that can seamlessly function on multiple frequencies that are ...