Reliance Jio may also borrow as much as Rs1 trillion. In addition to this, unit Reliance Jio Infocomm Ltd may also borrow as much as Rs1 trillion, the people said, requesting anonymity. “On the tower (side), we have identified this phase of network rollout. The fresh investments will also allow Reliance Jio to maintain pricing pressure on rivals, who are bleeding due to a tariff war sparked by the Mukesh Ambani-led firm. Reliance Jio will also continue to invest aggressively to acquire content as it sees it as a key differentiator.

Source: Mint May 07, 2018 03:00 UTC