Reliance Jio sells more stakes, for over EUR 750 mln

News Wireless India 15 JUN 2020
Reliance Jio sells more stakes, for over EUR 750 mln

Reliance Industries and its subsidiary Jio Platforms said they have sold a 0.93 percent stake in Reliance Jio to investment firm TPG for about EUR 533 million. They have also let private equity firm L Catterton buy a 0.39 percent stake for EUR 222 million. With the two investments, Jio Platforms has raised a total of EUR 12.223 billion since 22 April, following investments also from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and Adia.

Categories:

Mobile

Companies:

Reliance Industries,  Reliance Jio

Countries:

India

Tags:

Corporate strategy, Financial funding

Related Articles

INDONESIA 8 SEP 2021

Reliance Retail increases stake in Just Dial to 40.98%

Reliance Retail Ventures, a subsidiary of India's Reliance Industries, has taken sole control of Just Dial. Back in July, Reliance Retail announced it had acquired a controlling stake in Just Dial. Reliance Retail now holds a 40.98 percent stake in Just Dial.

INDIA 5 MAY 2021

Jio Platforms profit flat, adds 15 million customers in Q1

The Indian operator Jio Platforms saw its revenue reach INR 182.7 billion in its fourth quarter ended 31 Marc, which represents a decline of 6.1 percent compared to the previous quarter. Quarterly EBITDA rose 1.1 percent sequentially to INR 85.7 billion. Value of services for the quarter fell 5.3 percent quarter-on-quarter to INR 216.5 billion.

INDIA 28 JAN 2021

Jio Platforms profit jumps 15%, adds 5 mln customers in 3-month period

Jio Platforms saw its revenue reach INR 194.7 billion in its third quarter ended 31 December 2020, which represents an increase of 5.3 percent compared to the previous quarter. Quarterly EBITDA also grew by 6.4 percent sequentially to INR 84.8 billion. Consolidated value of services, including access revenues, grew by 5.3 percent quarter-on-quarter to INR 228.5 billion, boosted by higher ARPU and FTTH expansion, Jio said.

INDIA 25 NOV 2020

Google completes acquisition of 7.73% stake in India's Jio Platforms

All approvals for the transaction have now been received, Reliance Industries said. Reliance also reports that Jio Platforms has allotted equity shares to Google International, following which Google International holds 7.73 percent of the fully diluted equity share capital of Jio Platforms.

INDIA 4 NOV 2020

Jio Platforms quarterly profit jumps nearly 20%, revenue up 7%

Jio Platforms, a subsidiary of India's Reliance Industries, posted revenue of INR 217 billion (approximately USD 2.9 billion) for its second quarter ended 30 September 2020, which represents a sequential increase of 7.1 percent compared to the quarter ended 30 June 2020. Consolidated revenue from operations, including access revenues, grew by 7.2 percent to INR 184.9 billion.

INDIA 15 JUL 2020

Google buys stake in Jio for USD 4.5 bln, to partner on affordable smartphone

Google is the latest company to invest in Jio Platforms, the Indian company owned by Reliance Industries which owns the mobile and fibre operator Jio. Google will pay USD 4.5 billion (INR 337.37 billion) for a 7.73 percent stake in Jio Platforms. As part of the deal, the companies will work together on an entry-level smartphone based on Google's Android system to help more Indians get online. 

INDIA 13 JUL 2020

Qualcomm invests EUR 85.7 mln into JioPlatforms

Reliance Industries has welcomed a new investor in Indian operator Jio Platforms, with the acquisition by Qualcomm of a 0.15 percent stake on a fully diluted basis for EUR 85.7 million. Reliance Industries said the deal will deepen the ties between Qualcomm and Jio Platforms and help the company deploy 5G for Indian customers.

INDIA 8 JUL 2020

Reliance Jio launches JioMeet HD video conferencing platform

India's Reliance Jio has launches its HD video conferencing app dubbed 'JioMeet'. The platform can support up to 100 participants simultaneously and there are no invite codes needed for the call to begin, LiveMint reports, citing a company statement. App users can also schedule meetings, share screens with each other and more. JioMeet is available for download on Google Play Store and App Store.

INDIA 3 JUL 2020

Intel buys stake in Jio Platforms

Reliance Industries has announced a new investment in Indian operator Jio Platforms. Intel has bought a 0.39 percent stake in the company for a bit over EUR 225 million. This means Jio has raised almost EUR 14 billion to over the past two months or so, from Saudi Arabia's Public Investment Fund, TPG, L. Catterton, Facebook, Silver Lake, ista Equity Partners, General Atlantic, KKR, Mubadala and Adia.

INDIA 18 JUN 2020

Saudi wealth fund buys stake in Jio for almost EUR 1.3 bln

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) has bought a 2.32 percent stake in Indian operator Jio Platforms for INR 113.67 billion (almost EUR 1.3 billion). This means the company has raised INR 1.157 trillion since 22 April, with investments from TPG, L Catterton, Facebook, Silver Lake, ista Equity Partners, General Atlantic, KKR, Mubadala and Adia. 

INDIA 8 JUN 2020

Jio Platforms sells 1.16% stake to Abu Dhabi Investment Authority for EUR 667 mln

The Abu Dhabi Investment Authority (ADIA) has bought a stake in Jio Platforms of 1.16 percent, for INR 56.83 billion, or over EUR 667 million. The latest investment brings Jio Platforms' enterprise value to INR 5.16 trillion, the company said. 

INDIA 5 JUN 2020

Mubadala to invest INR 90.93 billion for 1.85% equity stake in Jio Platforms

Reliance Industries and Jio Platforms have announced that Abu Dhabi-based investor Mubadala will invest INR 90.93 billion in Jio Platforms at an equity value of INR 4.91 trillion and an enterprise value of INR 5.16 trillion. Mubadala's investment will translate into a 1.85 percent equity stake in Jio Platforms on a fully diluted basis.

INDIA 22 MAY 2020

KKR acquires 2.32% stake in Jio Platforms for nearly INR 114 billion

Reliance Industries and Jio Platforms have announced today that KKR will invest INR 113.67 billion into Jio Platforms. This transaction values Jio Platforms at an equity value of INR 4.91 and an enterprise value of INR 5.16 trillion. KKR's investment will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis. Over the last month, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of INR 785.62 billion into Jio Platforms.

INDIA 19 MAY 2020

General Atlantic acquires 1.34% stake in India's Jio Platforms for nearly INR 66 bln

Reliance Industries has announced that equity firm General Atlantic has invested INR 65.98 billion in its subsidiary Jio Platforms. This investment values Jio Platforms at an equity value of INR 4.91 trillion and an enterprise value of INR 5.16 trillion. General Atlantic's investment equals a 1.34 percent equity stake in Jio Platforms on a fully diluted basis.

INDIA 11 MAY 2020

Vista to acquire 2.32% stake in India's Jio Platforms for nearly INR 114 bln

Reliance Industries and Jio Platforms have announced that Vista Equity Partners will invest INR 113.67 billion into Jio Platforms. This investment values Jio Platforms at an equity value of INR 4.91 trillion and an enterprise value of INR 5.16 trillion. Vista's investment will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.