Source: Financial Express, Apr 21, 2015
Mumbai: Reliance Industries (RIL) has so far committed Rs 88,000 crore ($14 billion) of capital to its telecom business, sources told FE. This does not include the Rs 10,077.53 crore the telecom subsidiary, Reliance Jio Infocomm, will spend for its 800-MHz and 1,800- MHz spectrum won in the recently held auctions.
An Kotak Institutional Equities report dated April 20, notes that Reliance Jio has so far deployed about Rs 52,400 crore of capital as of March 31, against Rs 37,800 crore, as of March 31, 2014. Reliance Jio holds broadband wireless access spectrum in all the 22 telecom circles and has made significant progress in rolling out its 4G business, including physical network infrastructure, systems and processes, sales and distribution network.
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