The Traderszone Network

Published in TZ Latest News 25 July, 2015 by The TZ Newswire Staff

India’s Reliance to launch telecom venture with over 1,000 stores

India’s Reliance Industries Ltd (RELI.NS) will launch its ambitious 4G telecoms venture in December through a direct physical presence in over 1,000 “Jio Centers” and will also sell self-branded devices under its retail unit, the company disclosed in a post earnings presentation on Saturday. The energy conglomerate run by the country’s richest man, Mukesh Ambani, re-entered the telecoms sector in 2010 and has already invested over $15 billion in building the country’s largest 4G broadband network, with commercial operations expected to start in December.

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