Reliance Jio plans to raise upto INR 5,000 crore,in order to fund its business operations through debentures. The CRISIL has given "AAA" rating for Non-Convertible Debentures (NCDs). The Mukesh Ambani-led company is strategically crucial for RIL and will continue to provide financial stability and strong management to its subsidiaries. In December 2015, Reliance Industries Limited, in the form of equity, invested Rs 30,000 crore in Jio.
As per the rating agency, the large liberalized 751 MHz spectrum holding and technological advancements in LTE will help Jio excel in the market. It is trying to position itself as a digital content company to separate itself from other service providers in this competitive market. The content streaming packages are a key element of the strategy, and the company is rolling out pan-India digital services, business with services, digital content, and applications.
As per credit ratings agency, India Ratings and Research, the launch of Reliance Jio is sure to intensify the competition that will squeeze the market share, credit metrics of incumbents and EBITDA margins.
As per the Exchange4media reports, Reliance Jio will spend more than Rs 1000 crores on a commercial launch.reliance Jioreliance industriesreliance group
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