You are here

Softbank may invest in Jio as Mukesh Ambani deleverages business

NEW DELHI: Japan’s Softbank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25% stake in Reliance Industries’ refining and petrochemical business for $10-15 billion. “Softbank has long been seen as a potential investor in Jio,” JPMorgan said in a research report.”For the past 2 years, our conversations with investors have highlighted expectations of Softbank investing in Jio and hence…

Read More

Airtel Takes on Jio Phone With Karbonn A1 Indian, A41 Power Smartphones: Price, Offer Details

Jio Phone is effectively free, while the new Airtel phones’ effective price starts at Rs. 1,799 HIGHLIGHTS The new Karbonn phones will compete against Jio Phone Karbonn A1 Indian comes at an ‘effective price’ of Rs. 1,799 Karbonn A41 Power at an ‘effective price’ of Rs. 1,849 Jio Phone is a looming threat for both phone makers and telecom operators, despite its pre-booking sale opening only once since it was unveiled in July. It came as no surprise to anyone that to counter Jio Phone, Airtel partnered with Karbonn and then Celkon to subsidise the…

Read More

Reliance Jio Broadband Tests, Amazon and Flipkart Sales, Nokia 3310 India Launch, and More News This Week

Welcome back to our weekly news roundup, where we catch you up with all the tech news you might have missed during the course of the week. As you may have guessed, some of the news that most people were interested in was about sales, from both Amazon, and Flipkart. Amazon’s Great India Sale started on May 11, and ends today, May 14. In the course of the sale, we’ve seen a number of great offers on phones and other electronics, and Sunday your last chance to get a deal….

Read More