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| Name | Jio Announced "Mission 2021" For it's Customers |
| Video Uploader | Video From TELECOM NEWS |
| Upload Date | This Video Uploaded At 01-01-2021 07:35:07 |
| Video Discription | Jio Announced "Mission 2021" For it's Customers.In the year 2020, most of Mukesh Ambani's time was spent in Facebook, Google and Wall Street giants. In this, he had been asking these companies to become partners in the world's largest corporate transformation Jio Tech. Now that they have received $ 27 billion, the pressure on Asia's richest business man to live up to expectations has increased. People familiar with the working of Reliance Industries and recent public statements of the company reveal that this 63-year-old Kharabapati Mukesh Ambani now has new priorities. Under this, he now wants to elevate Reliance Industries Limited (RIL), an old economy company, and move towards an e-commerce company with technology. His plan is to include Facebook's WhatsApp Payments service in Reliance's digital platform in addition to the roll-out of the local 5G network next year. It also includes providing the company's e-commerce facility with a network of outlets across the country. As Ambani wants to advance his $ 179 billion company, investors are watching and examining his every move. Especially when the world is struggling with an epidemic. They are going to compete with companies like Amazon and Walmart. Till September this year, Reliance stock has been good and it reached its all-time high. Nevertheless, investors want to check Ambani's every step and be sure before taking any major decision. Nandan Nilekani, who founded Infosys Ltd in 1981, said that the jury is out ". However, a Reliance Industries spokesperson declined to comment." It is believed that this richest man of India has some other fund raising plan as well. His original goal was to sell a 20% stake in Reliance's oil and petrochemicals division to Saudi Arabian oil company Aramco at an enterprise value of $ 75 billion. It had a valuation of $ 15 billion. The Aramco deal was first announced in August 2019. Through this, the Reliance Company had to gradually get rid of $ 22 billion debt over the next 18 months. But as negotiations with Saudi stalled, Reliance's investors became more concerned and by March 23, its shares had fallen more than 40%. People familiar with the matter said that Ambani started looking into the sale of stake in its digital services and retail units months ago. The search intensified when the Aramco deal came to a halt. The positive response from investors exceeded the company's expectations. Because big names including KKR & Co, Silver Lake and Mubadala Investment Company invested $ 20 billion in digital business and $ 6.4 billion in retail. In June, nine months before Reliance ended its own deadline, it declared itself free of net debt. This led to a surge in Reliance shares. At the Reliance annual shareholder meeting (AGM) in July, Ambani and her children Isha and Akash spoke about their high-tech ambitions. About the new services, he said that next year will bring 5G wireless networks and a video streaming platform on which Netflix Disney Plus Hotstar, Amazon Prime Video and dozens of TV channels will be brought under one roof. Ambani said that Reliance's digital unit Jio Platforms Ltd will also develop a portfolio of technology solutions and apps for millions of micro, small and medium businesses in India. There are plans to expand this platform abroad. The company's biggest priority for the year 2021 is 5G. However, the regulator has not yet auctioned the rights to India's next-generation airwaves (spectrum). Although Ambani said this month that his company would be the pioneer of the 5G revolution in India in the second half of 2021, Reliance plans to showcase the 5G product lineup at next year's AGM. It occurs sometime between July and September. The company is also working on an Android-based $ 54 smartphone with Google. This is part of a strategy to allow more Indians to use mobile data for streaming services, online games and other services including shopping. Reliance is seeing Integration with WhatsApp's recently approved payment system as an important step in the development of its online shopping services. Now these companies are working together as Reliance's e-commerce platform is trying to tap millions of users of Facebook, WhatsApp and Instagram users. #jio #jio2021 #telecomnews |
| Category | Science & Technology |
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