Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1391.90
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Reliance Industries’ telecom arm joins COAI as a core member

Date: 12-08-2014

Reliance Industries’ telecom arm - Reliance Jio Infocomm (RJIL) has joined industry body Cellular Operators Association of India (COAI) as a core member. The core membership at COAI, which lobbies for GSM operators in India, is restricted to valid unified licences holders.

Before Reliance Jio joining the association, COAI had six core members namely, Bharti Airtel, Vodafone India, Idea Cellular, Aircel, Unitech Wireless (now Telewings Communications) and Videocon Communications (now Videocon Telecom).

The core members get voting rights within the association, and the voting power is linked to the companies' adjusted gross revenue (AGR). As Relience Jio is yet to start commercial operations, its voting power will be limited for the time being.

Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.