The wallet which was till now being used only within the Reliance group, for four months, can now be used by the public and is available both for Android and iOS users. The company had earlier received a payments bank licence in partnership with SBI.
Reliance Jio had earlier launched its 4G service for its employees. With the special invite, the customers will get a trial SIM and a LYF phone. The invites have been handed out to the company’s employees but they can invite only 10 friends to use the service. The invite is valid only up to 15 days from the date it was received and cannot be transferred.
Jio will be issuing non-convertible debentures and money will likely aid the company in its 4G commercial rollout. Jio has not yet disclosed an exact date or timeframe for the launch. In October last year, Jio raised Rs 3000 Cr by issuing secured redeemable non-convertible debentures to aid its 4G roll out. In May 2015, the company had raised a $750 Mn loan from nine banks on a 10 year repayment period, to finance goods and services from Samsung and Ace Technologies.
The deal is applicable across RCOM’s 7 Circles and Reliance Jio’s 2 Circles. In January, both companies entered into a strategic partnership to share spectrum to provide LTE services across 9 circles. At that time, RCOM and Jio said that they also intend to enter into a mutual Intra Circle Roaming arrangement.
BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia through seamless interconnection with existing cable systems. Reliance Jio owns and operates the strategically important undersea cable landing facility in Chennai, providing a high-speed, high-capacity, low latency route connecting India to the rest of the world. BBG has deployed the latest submarine cable 100Gbps transmission technology, utilizing wavelength add/drop branching units along the route, with an initial equipped capacity of 9 terabits per second.
This is much lower than what the other telecom operators are providing which is 4 paise per 10 KB data. Reliance Digital Xpress stores across Delhi have already received Sim Card kits and the base tariff includes local and STD calls at 2 paisa per second, Re 1 per SMS and Rs 5 for international SMS. Base tariff is what the users are charged when they have not subscribed to data packs. It also includes Rs 5 per second for a video call.
It will start the process from May 4. This will be done under liberalised 800MHz spectrum and will leverage spectrum sharing pact it had signed with Reliance Jio Infocomm. RCom has already paid ~Rs 5k Cr to liberalise its spectrum in 16 circles including Delhi, Mumbai, Punjab, Himachal Pradesh, UP East and West, Gujarat, Madhya Pradesh, Kolkata and Bihar.
It has let go half of the ~1600 contracted field engineers working on its pan-India 4G rollout. The engineers were hired on a 2yr contract but were let go just after 12-20 months. Some of the engineers have approached various fora, including the political leadership.
Sampat will be heading Reliance Jio’s digital marketing initiatives. Previously, he was the CEO and Founder of SMG Convonix, a digital marketing solutions provider which was acquired by Starcom Mediavest Group to align with its digital offerings arm. After launching its 4G services for employees only on the 27th of December, Reliance Jio said that it would be launching its 4G offerings commercially starting March 2016, but as of now there are no official confirmations regarding the date.
The SIM will give you 75 GB Data and 4500 mins Talktime valid for three months. The tariffs post the three-month period are unknown. It is unknown if a customer needs to buy a Lyf handset to get the SIM, or if the SIMs will be sold standalone.