Billionaire Mukesh Ambani’s Jio Platforms, which recently entered into Rs 43,574-crore deal with Facebook, is all set to launch a nationwide video platform called Jiomeet.
Reliance Industries Limited (RIL) on Thursday said Jio Platforms has received interest from various other global investors for additional stake buy.
Reliance Industries Limited, Jio Platforms Limited and Facebook on April 22 announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms.
Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis.
“During these tough times of Covid-19, Jio’s world-class broadband connectivity solutions along with Microsoft’s collaboration platforms have enabled Work From Home, Learn From Home & Health At Home for Indians,” the RIL said in a statement.
Jio has tailored its plans across services to ensure continued connectivity for all its subscribers.
Jio has offered double data & additional offnet minutes to all mobility add-on pack users, double data for all JioFiber users, complimentary 10 mbps JioFiber plan, the company said.
Jio has extended validity of JioPhone users for free incoming calls and provided 100 minutes call & 100 SMS to JioPhone users who have not been able to recharge and innovative channels of recharge like ATM, SMS/ Call, peer to peer recharges, it further said.
Jio Haptik has powered Government of India’s official helpdesk for Corona Helpline, RIL stated.
As of March 31, 2020, the subscriber base of Jio was 387.5 million with net addition of 17.5 million during 4QFY20.
RIL chairman and managing director Mukesh D. Ambani said: “We are glad that we have made connectivity and operations easier for our customers in these difficult times.”
“Every Jio employee is trained to think customer first and that has resulted in overwhelming customer response as we are serving close to 40 crore Indians now,” he said.
“Jio continues to lead the digital revolution in India and the whole-hearted acceptance of our services motivates us to keep improving every day,” Ambani added.