MoneyWorks4Me

Reliance Jio acquires right to use spectrum in 13 key circles

28 Mar 2015 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJIL) has successfully acquired the right to use spectrum in 13 key circles across India in the recently concluded spectrum auction conducted by DoT, Government of India. The payment to be made for the right to use this technology agnostic spectrum for a period of 20 years is Rs 10,077 crore.

RJIL is planning to provide seamless 4G services using LTE in 800MHz, 1800MHz and 2300 MHz bands through an integrated ecosystem. With this investment, in addition to the pan-India 2300 MHz spectrum, RJIL has spectrum in either 800 MHz or 1800 MHz or both in 20 out of total 22 circles in the country. This combined spectrum footprint across frequency bands provides significant network capacity and deep coverage.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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