MoneyWorks4Me

RIL’s arm enters into pact with Huawei for sourcing various 4G devices

19 May 2015 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJio) has entered into agreement with Chinese firm Huawei for sourcing various 4G devices. RJio plans to launch 4G services this year in around 5,000 towns and cities, accounting for over 90 per cent of urban India and over 215,000 villages.

The shipments dates are yet to be confirmed and there are two other Chinese firms in advanced talks to supply 4G devices.

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