Reliance Jio
Current Affairs / Technology

Reliance Jio Continues To Dominate Data Market

Reliance Jio accounted for over 52% of India’s 743 million internet subscribers at the end of March this year, PTI reports, citing Telecom Regulatory Authority of India data. Bharti Airtel was next with a share of 24%, while Vodafone Idea was third. State-owned BSNL commanded more than half of the market share in wired internet subscribers. Around 97% of the subscribers were using mobile devices for internet access. But despite the rapid surge in internet penetration, gaps remain in usage between rural and urban areas, as well as across income and age brackets.

How Reliance Became Net Debt Free

Reliance Industries has now sold off 25.24% of its stake in Jio and raised Rs 118,318.45 crore in total. They got 13 investments in 12 weeks.

  • Facebook — Rs 43,574 Crore — 9.99%
  • Vista — Rs 11,367 Crore — 2.32%
  • KKR — Rs 11,367 Crore — 2.32%
  • PIF — Rs 11,367 Crore — 2.32%
  • Mubadala — Rs 9,093 Crore — 1.85%
  • General Atlantic — Rs 6,598 Crore — 1.34%
  • ADIA — Rs 5,683.5 Crore — 1.16%
  • Silver Lake — Rs 5,656 Crore — 1.15%
  • TPG — Rs 4,546.8 Crore — 0.93%
  • Intel — Rs 1,894.5 Crore — 0.39%
  • Catterton — Rs 1,894.5 Crore — 0.39%
  • Qualcomm — Rs 730 Crore — 0.15%

What’s the common between all these investors ?

They all struggled to dominate the Indian #markets & wanted a grip on the ecosystem. After these investments reliance are net debt free. Free from loans!. Jio has more than 388 million subscribers. The companies future plans is backed by leading technologies.

  • Broadband connectivity
  • Smart devices
  • Clouds & Edge computing
  • Bigdata Aanalytics
  • Artificial Intelligence
  • Internet of Things
  • Blockchain technology

Recent Example – Jio Meet , Jio Mart. All their upcoming future plans are strategically connected to the digital ecosystem.

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