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Reliance Jio announces spectrum acquisition across India
Source: IRIS | 14 Feb, 2014, 11.36AM
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Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries (RIL), announces that it has successfully acquired the right to use spectrum in 14 key circles across India in the 1800 MHz band in the recently concluded spectrum auction conducted by DoT, Government of India.

RJIL plans to use this spectrum, ranging from 2x5 MHz to 2x7 MHz in each of these 14 circles, in conjunction with its pan India 2300 MHz spectrum to address the expected surge in demand for digital services as well as to enhance in-building coverage.

RJIL plans to provide seamless 4G services using FDD-LTE on 1800 MHz and TDD-LTE on 2300 MHz through an integrated ecosystem.

Mukesh D. Ambani, chairman and MD, Reliance Industries, said, ''With this acquisition, Reliance Jio will be the holder of the largest quantum of liberalized spectrum and with the longest residual spectrum life. Reliance Jio's seamless 4G services using FDD-LTE on 1800 MHz and TDD-LTE on 2300 MHz through an integrated ecosystem, aims to provide unparalleled high quality access to innovative and empowering digital content, applications and services.''

Shares of the company gained Rs 7.55, or 0.94%, to trade at Rs 815. The total volume of shares traded was 45,969 at the BSE (11.30 a.m., Friday).

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