Reliance Jio

Google to invest US$4.5 billion in Reliance’s Jio Platforms business

Indian media giant Reliance Industries has said that it will receive US$4.5 billion in investment from Google. In particular, Google will be buying a 7.7% stake in Reliance’s Jio Platforms – its digital unit which contains its telecoms business Jio Infocomm along with its music and movie apps. Jio Infocomm is the largest mobile carrier […]

Indian courts uphold €12 billion telco demand from government

Indian courts have upheld a demand from the government’s Department of Telecom (DoT) that demands INR920 billion (€11.67 billion) from Bharti Airtel, Reliance Jio and Vodafone Idea. The DoT had demanded the money due to overdue levies and interest – with the adjusted gross revenue (AGR) being the point of contention in the case that […]