Reliance Jio Info comm limited or more preferably known as Jio. Moreover, it is a subsidiary of Reliance industry which was founded on the year 2015 by Mukesh Ambani, chairman Jio. Jio is one of India’s biggest telecommunication company. Also, it is famous for operating a national LTE network which coverage across all 22 telecom circle. Consequently, Jio offers a 4g service and currently using voice over LTE to provide the required voice service in its 4G network circle. HOW RELIANCE JIO JOURNEY STARTED? Initially, in year 2015, a soft model known as Jio soft launched. It launched with the beta for the industry partners and employees. Therefore, after its success, Jio publicly released in the year 2016. Likewise on 31 December 2019, it became the largest mobile network in India and the third-largest operator in the world. Jio launched its fiber home service in September 2019. Though, it offers high-speed broadband, television, and telephone services. Recently in April 2020, Facebook Inc. brought a total of 9.9% of stake in Jio. Therefore, holding the record of the highest foreign investment in the Indian technological space. Reliance Jio generates total revenue of $ 2.6 billion USD (31st march 2020) with an operating income of $ 510 million USD (Q4 2019). Also, it has a net income of $ 160 million USD (FY 2019). Moreover, the total assets are around $26 billion USD likewise total equity of $9.9 billion (FY 2019). Jio became the mobile network in India with more than 387.5 million subscribers. Now with its latest association with Facebook Libra coin, it gained a high market value share.
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