MoneyWorks4Me

RIL’s telecom arm receives telecom service licence in Singapore

15 Oct 2013 Evaluate

Reliance Industries’ (RIL) telecom arm Reliance Jio Infocomm has received licence to facilitate internet and voice roaming services in Singapore. The licence will facilitate Reliance Jio Infocomm to buy, operate and sell undersea and/or terrestrial fibre connectivity.

Moreover, the company will also set up its internet point of presence, offer internet transit and peering services as well as data and voice roaming services in Singapore.

The undersea or submarine cable system will link South East Asia, South Asia and the Middle East as well as Europe, Africa and Far East Asia. Reliance Jio is only company to have pan-India 4G spectrum.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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