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Reliance Industries’ arm planning to offer broadband services to MSMBs at lower tariffs

10 Mar 2021 Evaluate

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) is planning to offer broadband services to the Micro, Small and Medium Businesses (MSMBs) at lower tariffs. The company claimed that it will offer broadband connections to the MSMB customers at one-tenth of the market rate, starting at Rs 901 per month with 100 megabit per second upload and download speed as well as unlimited usage.

Jio will also provide digital solutions, including remote management of employees, video conferencing and devices as a service, for a monthly rental of Rs 5,000. The company claims the plan is 50 per cent cheaper compared to its competitors.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
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