Reliance Jio Becomes First Telco to Cross 400 Million Subscribers in India

Oct. 31, 2020

In a press statement announcing the results, Mukesh Ambani the Chairman and Managing Director of Jio’s parent company, Reliance Industries Limited, said:“With large capital raise in last six months across Jio and Retail business, we have welcomed several strategic and financial investors into Reliance family”. Ambani was referring to recent investments worth Rs. 1,15,693.95 crore (around $15.2 billion) in Jio Platforms from companies such asFacebook,Intel,Google,Qualcommand others.“We continue to pursue growth initiatives in each of our businesses with a focus on the India opportunity”, he said.

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