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Reliance Jio announces acquisition of spectrum in the 800 MHZ, 1800 MHZ and 2300 MHZ bands in the spectrum auction

Shreya Chaware / Article rating: 4.0

Reliance Jio Infocomm Ltd (“RJIL”) announces that it has successfully acquired the right to use spectrum in all 22 circles across India in the recently concluded spectrum auctions conducted by Department of Telecommunications, Government of India

Reliance qualifies to be a major shareholder in skyTran Inc

Shreya Chaware / Article rating: 4.0

Reliance Strategic Business Ventures Limited, which is a wholly-owned subsidiary of Reliance Industries Limited informed that it has acquired additional equity stake in its investee company, skyTran Inc. The acquisition took place for a consideration of USD 26.76 million; thus, increasing Reliance’s stake to 54.46 per cent on a fully-diluted basis in skyTran Inc.

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