Tag: Jio

  • Kolkata Knight Riders, Nokia reunite after 3 years for IPL

    Kolkata Knight Riders, Nokia reunite after 3 years for IPL

    MUMBAI: Nokia is back after an absence of three seasons at the Indian Premier League (IPL) and has reunited with former partner Kolkata Knight Riders (KKR) for the next two seasons.

    Nokia is the principal sponsor of the Shah Rukh Khan-owned KKR in the IPL.The duo unveiled the new official team jersey for the 2018 season sporting the Nokia logo.

    HMD Global VP and country head India Ajey Mehta said, “Nokia brand and KKR have a history together and we are delighted to reunite the two again. KKR is amongst the most successful IPL franchisees and teams on the IPL circuit and like Nokia brand enjoys a pan India appeal.” 

    Nokia was the principal sponsor of KKR from 2008 till 2014.

    Meanwhile, KKR has revealed all nine sponsors and six commercial partners for the IPL 2018 season. In addition to the title sponsors Nokia, it has signed on board Jio Digital Life, LuxCozi, Excide batteries, SRMB TMT, Royal Stag, Greenply, Khadim’s and JBL Harman as official sponsors.

    IPL 2018 commences on 7 April and the first KKR match is scheduled on 8 April with the Royal Challengers Bangalore. Dinesh Karthik will be captaining KKR.

    Also Read:

    IPL 2018: Team sponsorship deals may see an uptick

    Mumbai Indians gets Goibibo as principal sponsor for IPL 2018

    IPL gets 34 major brands on board this season

  • Jio announces significant benefits to existing jio prime members

    Jio announces significant benefits to existing jio prime members

    MUMBAI: After enabling an enriched Digital Life experience for over 175 million Jio Prime Members, Jio now brings another bonanza for its existing PRIME members.

    All Jio PRIME members who have subscribed to the exclusive membership benefits till 31st March 2018 will get another year of complimentary PRIME benefits at NO additional fee (LIMITED PERIOD OFFER). Jio deeply values its loyal PRIME members and will continue to deliver additional benefits and superior value to these founding members.

    For new Jio users, the Jio Prime Membership continues to be available at an annual membership fees of Rs 99.

    The continued availability of the Jio Prime Membership to new subscribers reiterates Jio’s commitment to deliver a differentiated Digital Life experience to Indians and will propel this into the world’s largest loyalty programme.

    In the past year, PRIME customers have experienced:

    1.           BEST TARIFFS IN THE INDUSTRY
    a.           Highest quality service at the best rates in the industry
    b.           Everyday More Value (EDMV) promise to provide 20% – 50% more value to Jio PRIME users ALWAYS

    2.           COMPLIMENTARY ACCESS TO THE BEST CONTENT LIBRARY
    a.    550+ Live TV Channels b.    6,000+ movies
    c.    Lacs of Videos/TV shows d.    1.4+ Cr Songs
    e.           5,000+ magazines
    f.            500+ newspapers and so on…

    3.           MYJIO – THE DIGITAL GATEWAY
    a.    Single click access to 24*7 self-service and account management 
    b.    Access to all Jio applications and other innovations
    c.                 Access to the best deals and offers

    4.    ACCESS TO EXCLUSIVE CONTENT ONLY FOR JIO CUSTOMERS
    a.    Winter Olympics 2018 exclusively on JioTV
    b.    Nidahas Cricket Trophy 2018 exclusively on JioTV
    c.    Carabao Cup exclusively on JioTV (Arsenal vs Manchester City), to name a few

    5.    ACCESS TO “MONEY CAN’T BUY” EXPERIENCE
    a.    Jio KBC Play Along – Play KBC with Sh. Amitabh Bachchan 
    b.    Meet and greet with celebrities & sports personalities
    c.    Platinum access to live shows and concerts – Filmfare, Justin Bieber Concert, Ed Sheeran Concert, Lakme Fashion Week, Jio MAMI Film Festival… and so on

    6.    ACCESS TO INDIA-FIRST INNOVATION
    a.    7 days Catch-Up of LiveTV
    b.    Interactivity on sports – 5 different camera views to choose from and commentary in 6 languages during Nidahas trophy

    HOW TO GET JIO PRIME BENEFITS

    1.    EXISTING JIO PRIME MEMBERS (Joining date on or before 31st March, 2018)

    Step 1: Download MyJio
    Step 2: Express your interest to get COMPLIMENTARY membership for next 12 months
    Step 3: Enjoy Jio Prime benefits This is a limited period offer.

    2.           NEW JIO PRIME MEMBERS (Joining date on or after 1st April, 2018)

    Pay Rs 99 during on-boarding, for Jio Prime membership for annual subscription.

    With the on-going augmentation of content offerings and consumer engagement programs, Jio is gearing up to bring new and superior experiences with the PRIME program and will ensure that PRIME members get substantially better benefits than the counterparts in the industry.

  • Jio Music, Saavn to merge; RIL to invest $100 mn in combined entity

    Jio Music, Saavn to merge; RIL to invest $100 mn in combined entity

    MUMBAI: Reliance Industries Ltd (RIL) has executed definitive agreements for merging its digital music service JioMusic with music over-the-top (OTT) platform Saavn. The combined entity is valued at over $1 billion, with JioMusic’s implied valuation at $670 million.

    According to the release issued by RIL, the integrated business will be developed into a media platform with global reach, cross-border original content, an independent artist marketplace, consolidated data and a mobile advertising medium.

    RIL will also invest up to rupee equivalent of $100 million, out of which $20 million will be invested upfront, for growth and expansion of the platform into one of the largest streaming services in the world. The company will continue to operate the OTT media platform available on all app stores. The three co-founders of Saavn, Rishi Malhotra, Paramdeep Singh and Vinodh Bhat, will continue in their leadership roles and will drive growth of the combined entity.

    In addition, RIL is acquiring partial stake from the existing shareholders of Saavn for $104 million, while these shareholders retain their balance stake. The shareholder base of Saavn includes Tiger Global Management, Liberty Media and Bertelsmann.

    JioMusic has sourced content from all the major Indian and international labels, with over 16 million HD songs across 20 languages.

    The deal will combine the streaming media expertise of Saavn with the connectivity and digital ecosystem of Jio. With a massive addressable market opportunity of over 1 billion users in India and globally, the combined entity plans to invest aggressively to accelerate growth that would benefit all aspects of the ecosystem, including users, music labels, artists and advertisers.

    The combined platform will also build on Saavn’s award-winning original programming, artist originals (AO), which have redefined the development, marketing and distribution of original audio content. Saavn also conceptualises, produces, distributes and licenses original music with independent artists.

    Reliance Jio director Akash Ambani said, “The investment and combination of our music assets with Saavn underlines our commitment to further boost the digital ecosystem and provide unlimited digital entertainment services to consumers over a strong uninterrupted network. We are delighted to announce this partnership with Saavn, and believe that their highly experienced management team will be instrumental in expanding Jio-Saavn to an extensive user base, thereby strengthening our leadership position in the Indian streaming market.”

    Saavn co-founder and CEO Rishi Malhotra added, “Nearly 10 years ago, we had a vision to build a connected music platform, dedicated to South Asian culture across the globe. Vin, Param and I always envisioned the company for the long term with intense focus on products, data, and ground-breaking original content. Our alignment with Reliance enables us to create one of the largest, fastest-growing, and most capable media platforms in the world.”

  • SC defers nod for RCom asset sale

    SC defers nod for RCom asset sale

    MUMBAI: The Supreme Court today did not grant permission to Reliance Communications Ltd (RCom) to sell its wireless assets to Reliance Jio Infocomm Ltd, deferring the case for two weeks.

    The ruling marks a setback for RCom, which is trying to reduce its debt worth $6.8 billion and pay back its creditors. The Supreme Court set a hearing for April 5 to continue examining whether it will allow the sale to go through despite an ongoing legal challenge filed by Swedish telecom gearmaker Ericsson at an arbitration tribunal. The Swedish company had sought the court’s help to prevent RCom from selling assets without its permission.

    “In view of the intervening court holidays on 29th and 30th March 2018, the matter has been fixed for hearing in the subsequent week on Thursday, 5th April 2018,” RCom’s release to the BSE stated.

    State Bank of India, one of RCom’s biggest creditors, had filed a petition to the apex court to allow the sale to go through even as Ericsson’s case remained at the arbitration tribunal.

    RCom, controlled by Anil Ambani, had decided in December to sell its wireless assets to Jio in a deal pegged at $3.8 billion, according to market sources. 

    COMMENTS

    “As legally advised, RCom remains confident that its asset monetisation programme will be  completed  expeditiously  to protect  the  interests  of its secured  lenders,  much  in advance of the time limit of 31st August 2018 prescribed by the RBI for resolution of such cases,” the release added.

  • Mumbai Indians gets Goibibo as principal sponsor for IPL 2018

    Mumbai Indians gets Goibibo as principal sponsor for IPL 2018

    MUMBAI: Goibibo, India’s online travel company has signed up with the IPL defending champions Mumbai Indians (MI) as its principal sponsor for one year.

    The partnership would see a high-decibel 360-degree co-branded campaign. As part of this partnership, brand Goibibo will be sported on the back of the Mumbai Indians team jersey this season.

    Commenting on the partnership, MakeMyTrip group CMO Saujanya Shrivastava said, “We are delighted to partner with Mumbai Indians and reach out to millions of IPL and Mumbai Indian fans through this association. IPL is one of the most loved and watched sporting event in the country and the association with Mumbai Indians present a consumer-focused brand like ours a unique opportunity to deepen our engagement with customers in a truly innovative manner.”

    “With the high travel summer season around the corner, we believe that our participation at IPL through both TV broadcast and Mumbai Indians team sponsorship will help us connect with audiences across the length and breadth of the country and provide them compelling reasons to book hotels on the Goibibo app.”, he added.

    The team has DHFL, JIO and Dheeraj Realty as the associate sponsors.

    Mumbai Indians spokesperson said, “We are thrilled to have a new category in Goibibo as part of brand association with Mumbai Indians. As a brand that has strong resonance with new-age Indians on the move, Goibibo will be a perfect partner to the Mumbai Indians.“

    Winner of three IPL championship trophies in the competition’s decade-long history, Mumbai Indians has been the most viewed IPL team on television.

    Also Read:

    Dsport not in the running for BCCI’s media rights

    Star and BCCI pull out all stops to make the VIVO IPL 2018 Retention event – an unprecedented success

  • Jio now ready for IoT onslaught

    Jio now ready for IoT onslaught

    MUMBAI: Reliance Jio Infocomm (Jio) is at it again and the competition better watch out. The company is gearing up to harness the internet of things (IoT). It is focussing first on enterprises and industries while also initiating talks with car manufacturers and consumer durable companies.

    The company has hired Ayush Sharma from the Silicon Valley as senior vice president of engineering and technology to drive the business around IoT and other technologies such as mobile edge computing, distributed artificial intelligence and blockchain.

    “Jio is looking at these technologies to enable the world’s largest programmable network with alternate technologies available,” Sharma said. “It will take at least around a year to enable consumer IoT but the large focus is on enterprise IoT. We are working on specific use cases.”

    Sharma has joined the company after working on his own venture, MotoJeannie, in the US. He has worked for telecom equipment makers Huawei, Ericsson and Cisco in the past in the US.

    Jio’s 4G network will complement IoT for enterprise and industrial use cases that require bandwidth and latency, he said. The company had recently said that it had started offering enterprise solutions along with fibre-to-the-home on a trial basis in a few locations.

    “The idea is not just to launch IoT products and solutions for consumer IoT but also for enterprise and industries,” Sharma said, adding that the parent company, Reliance Industries, is looking to use these technologies initially within in-house verticals such as retail and logistics to make them intelligent.
    For consumer IoT, Jio is working with a variety of technology vendors and bringing car manufacturers, consumer durables and appliances players, among others, on board to build a complete ecosystem. “We are building our own platform with big data strength,” he said.

    Also Read:

    RIL’s Rs 2.35 lakh crore investments in Jio start to payoff 

    ALTBalaji, Reliance Jio in content partnership deal

  • RIL’s Rs 2.35 lakh crore investments in Jio start to payoff

    RIL’s Rs 2.35 lakh crore investments in Jio start to payoff

    BENGALURU: Mukesh Dhirubhai Ambani-run Reliance Industries Ltd (RIL) has invested a massive amount of money into the largest start-up in the world–Reliance Jio Infocomm Ltd (Jio). The RIL financials for the quarter ended 31 December 2017 (Q3 2018, quarter under review) showed that its digital services segment (Jio) had assets of Rs 234,986 crore, the largest asset block among any of the six segments (petrochemicals, refining, oil and gas, organised retail, digital services, and others) that the behemoth reports numbers for. And RIL reported net profit after tax (PAT) of Rs 504 crore for Q3 2018 as against net loss of Rs 271 crore during 2Q 2018, the immediate trailing quarter.

    The digital services segment’s operating revenue for Q3 2108 was Rs 6,879 crore, up 11.9 percent from the Rs 6,147 crore in the immediate trailing quarter. The value of services increased by 12.7 percent q-o-q to Rs 8,114 crore from Rs 7,197 crore, EBITDA almost doubled (increased by 82.1 percent) in the quarter under review to Rs 2,628 crore from Rs 1,443 crore in Q2 2018. EBIT almost quintupled (453.1 percent) to Rs 1,436 crore from Rs 260 crore.

    Jio added 2.15 million net subscribers in Q3 2018 with an ARPU of Rs 154 per customer. The RIL earnings release for its digital services says that average data traffic per customer for the quarter was 9.6 GB per month and total wireless data traffic has crossed 431 crore GB. Video consumption on the Jio network has crossed 200 crore hours per month, averaging 13.4 hours per subscriber per month.

    Commenting on the results, RIL chairman and managing director Ambani said, “I would like to thank all our customers for partnering with us in this revolution which has made India a global digital powerhouse. I congratulate all our employees and partners for the strong performance. Our commitment is to keep pushing newer innovative products which would radically transform customer lives and generate huge societal value.”

    “Jio’s strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance,” he concluded.

    Organised retail business

    Revenues for Q3 2018 grew by 116.4 percent y-o-y to Rs 18,798 crore from Rs 8,688 crore. PBDIT for Q3 2018 increased by 82.0 percent y-o-y to Rs 606 crore from Rs 333 crore. Reliance Retail witnessed stellar performance across all consumption baskets during the period. During the quarter, Reliance Retail added 72 stores across various store concepts and increased the area operated to 14.5 million square feet from 13.2 million square feet in Q3 2017.

    RIL numbers

    RIL’s consolidated revenue increased by 30.5 percent to Rs 109,905 crore in Q3 2018 from Rs 84,194 crore in Q3 2017. Net profit increased by 25.1 percent to Rs 9,423 crore in the quarter under review as compared with Rs 7,533 crore in Q3 2017.

    Also Read :

    After telecom, Jio to bite into broadband and TV

    Comment: Reliance Industries’ telecom-media play fascinating, but complex & challenging too

    RIL to plan IPO for Reliance Jio: Bloomberg

  • GST fails to spoil Food Food’s party

    GST fails to spoil Food Food’s party

    MUMBAI:  When largely all television channels were struggling in the aftermath of the goods and services tax (GST) implementation, Food Food channel remained insulated from all the brouhaha. Celebrity chef and promoter Sanjeev Kapoor, speaking to Indiantelevision.com, said that the channel he co-founded saw no adverse impact of the tax that has been the bane of existence of many media companies.

    The food content channel is run by Turmeric Vision Private Ltd, a joint venture between Kapoor, Astro Overseas Ltd and Mogae Consultants.

    “Bigger channels might have been impacted but not us,” he said. Food content is always on people’s minds even as male viewership has been increasing as the taboo of men entering the kitchen is fading away. “The primary viewership today isn’t always female. There is great interest from the male audience, too, which wasn’t the case earlier.”

    Unlike other content such as automobiles or sports, food is a universally loved topic. Everyone relates to it and food lovers will especially gobble it up. He said that India had three types of entertainment preferences–Bollywood, cricket and food, which wasn’t very hot until recently.

    According to media reports in 2016, the network saw an investment of around $30 million (around Rs 180 crore) and had incurred operating loss, which kept reducing year-on-year. The company achieved break even in financial year 2016-17. “We are confident that 2018 will be far better than 2017,” he said.

    Kapoor dismisses the idea of constantly thinking of improving a channel’s ratings and repackaging shows in order to ramp up viewership. Instead of calculating the impact via ratings, the channel focuses on reaching relevant homes. “If we want to be in the top of ratings chart, we will have to create the next Naagin of food and we don’t want to do that. We want to stay focussed on our content, which is more trust centred. So, the ratings are relatable for general entertainment channels (GECs) but our relevance is towards more advertisers.”

    Digitally, Food Food looks at recipe-based content while TV is all about storytelling. Although Kapoor admits that over-the-top (OTT) platforms are important, the channel doesn’t have any app-specific content yet. Instead, the channel’s social media is very active. Moreover, Food Food has associated with SonyLiv and Jio for providing live shows to the platforms; in three months, Kapoor said, the company will analyse the results and decide the future roadmap. Partnerships with two more undisclosed OTT platforms are on the anvil.

    Food Food was the first channel to go high definition (HD) in India. The channel is aware that standard definition (SD) is still more prevalent in the country and, therefore, also distributes its content in SD.

    Food primetime is 1 pm to 5 pm and 8 pm to 11 pm. Kapoor believes that in the food genre, it is not the celebrity chefs behind the channel’s success but is the channel that makes the chef a star.

    Food Food already has presence in the US (Dish Network), Canada, the UAE and Qatar and owns the IP rights to over 2600 hours of programming. It has also syndicated around 1000 hours of programming internationally to the likes of airlines, news channels in South India and to Colors in the US.

    Also Read: Chef Kapoor-promoted Food Food bolsters ops with Amagi Cloudport

    Food content dominates viewership on lifestyle channels

  • TRAI tightens the screws on interconnectivity for telcos

    TRAI tightens the screws on interconnectivity for telcos

    Mumbai: The Telecom Regulatory Authority of India (TRAI) has issued a mandate to service providers directing them to enter into an interconnection agreement on a “non-discriminatory basis” within 30 days of receiving a connectivity request from another mobile operator.

    The regulator’s release on the subject comprises regulations on important aspects of interconnection such as interconnection agreement, provisioning of initial interconnection and augmentation of points of interconnection (Pols), interconnection charges, disconnection of Pols, and the financial disincentive on interconnection matters.  

    The regulations will come into effect from 1 February 2018 and “will apply to all the service providers offering telecom services in India,” the TRAI release stated.

    Through these regulations, the TRAI has mandated that every service provider shall, within thirty days of receipt of request from a service provider, enter into an interconnection agreement. In has also laid down the framework for provisioning and augmentation of ports at Pols, which stipulates a step­by-step process for provisioning of ports at Pols.

    In October 2016, the TRAI had issued a consultation paper on ‘Review of Regulatory Framework for Interconnection’ for seeking comments of the stakeholders. The comments and counter-comments received from the stakeholders were uploaded on the TRAI’s website.

    The issue of interconnectivity was a bone of contention in 2016 between then newbie Reliance Jio and other established telecom companies such as Airtel, Vodafone and Idea Cellular.

    Also Read:

    TRAI open house to discuss ease of doing broadcast biz

    TRAI landing page norms stayed till 22 December 2017

    Trai to make recommendations on net neutrality today 

  • Reliance Jio acquires RCom’s wireless infra assets

    Reliance Jio acquires RCom’s wireless infra assets

    Mumbai: Reliance Jio Infocomm Ltd (RJio), a subsidiary of Reliance Industries Ltd (RIL), today signed a definitive agreement for the acquisition of the wireless infrastructure assets of Reliance Communications Ltd (RCom).

    An asset monetisation process for RCom assets was mandated by the lenders of RCom, who appointed SBI Capital Markets Ltd to run the process. The process was supervised by an independent group of industry experts. RJio emerged as the successful bidder in the two-stage bidding process.

    Consequent to the agreement, RJio will acquire assets under four categories–towers, optic fibre cable network, spectrum and media convergence nodes from RCom and its affiliates. These assets are strategic in nature and are expected to contribute significantly to the large scale roll-out of wireless and fibre to home and enterprise services by RJio.

    The acquisition is subject to receipt of requisite approvals from governmental and regulatory authorities, consent from all lenders, release of all encumbrances on the said assets and other conditions precedent. 

    Consolidation has been the buzzword in the telecommunications industry. From as many as 13 players at one point in time, we are now left with just four major contenders.  Earlier this year, Vodafone India and Idea Cellular decided to merge operations to create India’s largest telecom operator worth more than $23 billion beating Sunil Bharti Mittal-led Airtel. 

    RJio is being advised by Goldman Sachs, Citigroup Global Markets, JM Financial Private Limited, Davis Polk & Wardwell LLP, Cyril Amarchand Mangaldas, Khaitan & Co and Ernst & Young on this transaction.

    Also Read:

    The year the telecom sector quaked

    Jio continues leading broadband subs addition while wireline internet loses subs in Oct