独家
全球邀请Jio InvITs:养老基金，主权财富基金排队
来自加拿大、中东和欧洲的投资者正在关注光纤、塔信托的股份;资产价值300亿美元。
-
政府不能让沃达丰Idea的股票低于面值
印度投资和公共资产管理部(Dipam)秘书图欣·坎塔·潘迪(Tuhin Kanta Pandey)在孟买举行的预算后新闻发布会上表示，他的部门将持有这些股份。这将类似于政府在ITC和其他公司的持股，这些公司是由于UTI纾困而收购的。
-
-
-
知情人士表示，加拿大养老基金CPPIB、安大略省市政雇员退休系统(OMERS)、不列颠哥伦比亚省养老金公司(BCPC)、阿布扎比投资局(ADIA)等中东主权财富基金、穆巴达拉和新加坡GIC等投资公司以及欧洲金融巨头安联保险公司(Allianz SE)都是关注数字光纤基础设施信托和塔基础设施信托股份的投资者。
根据法律规定，至少引进5名单位持有人或投资者。一些潜在投资者，如阿布扎比投资局，布鲁克菲尔德在美国，CPPIB也可以以共同发起人的身份，拿出更大的支票。
信实的发言人拒绝就事态发展置评。“作为一项政策，我们不对媒体的猜测和谣言置评。我们公司会持续评估各种机会。我们已经并将继续按照2015年印度证券交易委员会(上市义务和披露要求)条例规定的义务以及我们与交易所的协议进行必要的披露。”
部分偿还银行借款
在截至2019年3月的财年第四季度，Reliance Jio将其塔台和光纤资产转让给两家sebi注册的invit拥有的两家特殊目的载体(spv)。今年4月，RIL表示，这两家信托公司分别收购了Jio光纤和塔部门——Jio Digital fiber Pvt Ltd (JDFPL)和Reliance Jio Infratel Pvt Ltd (RJIPL) 51%的股份。信托由信实工业投资控股有限公司(信实工业投资控股有限公司)赞助。
分拆帮助Jio削减了10.7万亿卢比的负债。整个资本支出来自银行借款、其他信贷额度和非传染性疾病。在履行对InvIT股东的义务后，光纤InvIT向RIL发行了价值780亿卢比的0%优先股，这些优先股每年都有盈余现金流(如果有的话)。
一些国内银行和保险公司也可能参与其中。
不过，他们说，这些谈判仍处于初步阶段。
密切跟踪该集团的分析师表示，根据最初的讨论，信实希望通过这一行动消除大部分现有债务，并在塔和光纤spv中保留约20亿美元(14000亿卢比)的债务。信实集团将继续运营和运营这些资产。
根据三个独立估价师的公平市场估值，光纤部门的估值为238.4亿美元(16.68亿卢比)，塔资产为52.7亿美元(3689亿卢比)。塔SPV已经准备好或正在开发17.3万座塔，Jio是主要租户。Jio还承包了50%的光纤对。
高盛(Goldman Sachs)分析师尼克尔•班达里(Nikhil Bhandari)表示:“我们对拆分后的铁塔和光纤资产的规模感到惊讶，其账面价值为180亿美元，在印度电信运营商中排名第一。”“我们预计，随着发射塔和光纤资产的分拆以及99%的人口覆盖率，电信行业的资本支出强度将在20e财年大幅下降。”
CPPIB、OMERS和Brookfield均拒绝置评。安联拒绝就单一资产置评。该公司表示，作为长期投资者，它希望受益于印度经济的持续增长潜力，并通过有吸引力的投资做出贡献。
GIC, Mubadala, ADIA和BCPC直到周一发稿前都没有回应ET的问卷调查。“InviT有效地允许RIL用非常长期(20年)的资金取代7100亿美元(7100亿卢比)的外债，从而消除了这一数额债务的任何再融资需求。其次，这也给了信实实业更大的资产负债表弹性，如果他们选择这样做，就可以进一步增加消费者业务的支出，”摩根大通(JP Morgan)分析师皮纳金•帕尔克(Pinakin Parekh)表示。
信实集团也在以其最近在布鲁克菲尔德的交易为模板。今年3月，这位加拿大投资者以1.3亿卢比收购了亏损的东西天然气管道，这是信实集团董事长穆凯什·安巴尼的一家私营公司。Brookfield将参与这些invit项目，但信实集团也希望与其他全球投资者建立长期合作关系。
目标投资者包括至少10年的只做多的资本。“这是针对养老金或主权财富基金的。它不符合传统私人股本的回报状况，”一位密切关注此笔交易的投资银行家表示。
invit是管理创收基础设施资产的信托基金，通常为投资者提供定期收益率和投资基础设施项目的流动性方法。InvIT将帮助基础设施投资者创造流动性，并为RIL减少一些资金，同时也为投资者提供收益产品。通常情况下，分析师估计，稳定的现金流产生的基础设施业务应产生12-13%的内部回报率(IRR)，不包括杠杆。
![\"Global](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/figure> MUMBAI: Marquee global investors including some of the biggest pension and sovereign wealth funds are in initial discussions with Reliance Industries<\/a> to invest in two infrastructure investment trusts (InvITs<\/a>) set up to own Reliance Jio<\/a> Infocomm\u2019s tower and fibre assets.People aware of the situation said that Canadian pension funds CPPIB, Ontario Municipal Employees\u2019 Retirement System (OMERS), British Columbia Pension Corporation (BCPC), Middle East sovereign wealth funds such as Abu Dhabi Investment Authority (ADIA), investment companies such as Mubadala and Singapore\u2019s GIC, and European financial powerhouse Allianz SE are among the investors eyeing stakes in Digital Fibre Infrastructure Trust and Tower Infrastructure Trust.
The plan is to induct a minimum of five unit holders or investors as stipulated by law. Some potential investors such as ADIA, Brookfield<\/a>, CPPIB may also come on board as co-sponsors by deploying larger cheques.
<\/div><\/div>Reliance has already tasked three investment banks \u2014 Citi, Moelis and ICICI Securities \u2014 with getting investors on board, hoping the transaction will gather clarity by next quarter, ET had reported on March 11.
A Reliance spokesperson declined to comment on the development. \u201cAs a policy, we do not comment on media speculation and rumours. Our company evaluates various opportunities on an ongoing basis. We have made and will continue to make necessary disclosures in compliance with our obligations under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with exchanges.\u201d
PARTIAL REPAYMENT OF BANK BORROWINGS<\/strong>
In the fourth quarter of the financial year ended March 2019, Reliance Jio transferred its tower and fibre assets to two special purpose vehicles (SPVs) owned by the two Sebi-registered InvITs. In April, RIL said the two trusts have acquired 51% stakes each in Jio\u2019s fibre and tower units \u2014 Jio Digital Fibre Pvt Ltd (JDFPL) and Reliance Jio Infratel Pvt Ltd (RJIPL). The trusts are sponsored by RIL\u2019s 100% subsidiary, Reliance Industrial Investments and Holdings Ltd (RIIHL).
The demerger has helped Jio cut liabilities of Rs 1.07 lakh crore. The entire capex was made through a combination of bank borrowings, other credit lines and NCDs. The fibre InvIT has issued 0% preference shares worth Rs 78,000 crore to RIL that are entitled to surplus cash flow annually (if any) after meeting the obligations towards InvIT stakeholders.
A Reliance spokesperson declined to comment on the development. \u201cAs a policy, we do not comment on media speculation and rumours. Our company evaluates various opportunities on an ongoing basis. We have made and will continue to make necessary disclosures in compliance with our obligations under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with exchanges.\u201d
PARTIAL REPAYMENT OF BANK BORROWINGS<\/strong>
In the fourth quarter of the financial year ended March 2019, Reliance Jio transferred its tower and fibre assets to two special purpose vehicles (SPVs) owned by the two Sebi-registered InvITs. In April, RIL said the two trusts have acquired 51% stakes each in Jio\u2019s fibre and tower units \u2014 Jio Digital Fibre Pvt Ltd (JDFPL) and Reliance Jio Infratel Pvt Ltd (RJIPL). The trusts are sponsored by RIL\u2019s 100% subsidiary, Reliance Industrial Investments and Holdings Ltd (RIIHL).
The demerger has helped Jio cut liabilities of Rs 1.07 lakh crore. The entire capex was made through a combination of bank borrowings, other credit lines and NCDs. The fibre InvIT has issued 0% preference shares worth Rs 78,000 crore to RIL that are entitled to surplus cash flow annually (if any) after meeting the obligations towards InvIT stakeholders.
<\/div><\/div>The proceeds from the co-sponsors or unit holders will be used for the partial repayment of bank borrowings. After servicing the liabilities, the preference shares will be entitled to the remaining surplus cash flows, an official in the know explained on condition of anonymity.
Some domestic banks and insurance companies too are likely to participate.
However, these talks are still preliminary in nature, they said.
Based on the initial discussions, Reliance would want to extinguish most of the existing liabilities through this exercise and retain around $2 billion (Rs 14,000 crore) of debt in the tower and fibre SPVs, said analysts closely tracking the conglomerate. Reliance will continue to run and operate these assets.
The fibre unit is being valued at $23.84 billion (Rs 1,66,880 crore) and the tower asset at $5.27 billion (Rs 36,890 crore) using fair market valuations by three independent valuers. The tower SPV has 173,000 towers ready or in development with Jio as the anchor tenant. Jio also has contracted for 50% of fibre pairs.
\u201cWe were surprised with the scale of the demerged tower and fibre assets with a book value of $18 billion, which is the largest among telecom operators in India,\u201d said Nikhil Bhandari, analyst with Goldman Sachs. \u201cWe expect capex intensity in telecom to come down significantly in FY20E with a demerger of tower and fibre assets and 99% population coverage.\u201d
CPPIB, OMERS and Brookfield declined to comment. Allianz declined to comment on single assets, saying as a longterm investor, it would like to benefit from the continuous growth potential of the Indian economy and contribute via attractive investments.
GIC, Mubadala, ADIA and BCPC did not respond to ET\u2019s questionnaire till press time on Monday. \u201cThe InviT has effectively allowed RIL to replace $710 billion (Rs 71,000 crore) of external debt with very long term (20-year) money and thereby remove any refinancing need on this amount of debt. Secondly, it also gives more balance sheet flex and allows for RIL to further increase spending across their consumer business if they choose to do so,\u201d says Pinakin Parekh, analyst at JP Morgan.
Reliance is using its recent Brookfield deal as the template for these as well. In March, the Canadian investor bought the lossmaking East West gas pipeline, a private company of RIL chairman Mukesh Ambani for Rs 13,000 crore. Brookfield will come on board these InvITs but Reliance wants to engage with other global investors as well and build long-term relationships.
The target set of investors include long-only capital of at least 10 years. \u201cThis is meant for pension or SWFs. It does not match the returns profile of traditional private equity,\u201d said an investment banker following this transaction closely.
InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects. An InvIT will help the infrastructure investor create liquidity and take some money off the table for RIL, while also providing a yield product to investors. Typically, analysts estimate that the steady cash-flow generating infrastructure business should yield a 12-13% internal rate of return (IRR), excluding leverage.
<\/div><\/div>
Some domestic banks and insurance companies too are likely to participate.
However, these talks are still preliminary in nature, they said.
Based on the initial discussions, Reliance would want to extinguish most of the existing liabilities through this exercise and retain around $2 billion (Rs 14,000 crore) of debt in the tower and fibre SPVs, said analysts closely tracking the conglomerate. Reliance will continue to run and operate these assets.
The fibre unit is being valued at $23.84 billion (Rs 1,66,880 crore) and the tower asset at $5.27 billion (Rs 36,890 crore) using fair market valuations by three independent valuers. The tower SPV has 173,000 towers ready or in development with Jio as the anchor tenant. Jio also has contracted for 50% of fibre pairs.
\u201cWe were surprised with the scale of the demerged tower and fibre assets with a book value of $18 billion, which is the largest among telecom operators in India,\u201d said Nikhil Bhandari, analyst with Goldman Sachs. \u201cWe expect capex intensity in telecom to come down significantly in FY20E with a demerger of tower and fibre assets and 99% population coverage.\u201d
CPPIB, OMERS and Brookfield declined to comment. Allianz declined to comment on single assets, saying as a longterm investor, it would like to benefit from the continuous growth potential of the Indian economy and contribute via attractive investments.
GIC, Mubadala, ADIA and BCPC did not respond to ET\u2019s questionnaire till press time on Monday. \u201cThe InviT has effectively allowed RIL to replace $710 billion (Rs 71,000 crore) of external debt with very long term (20-year) money and thereby remove any refinancing need on this amount of debt. Secondly, it also gives more balance sheet flex and allows for RIL to further increase spending across their consumer business if they choose to do so,\u201d says Pinakin Parekh, analyst at JP Morgan.
Reliance is using its recent Brookfield deal as the template for these as well. In March, the Canadian investor bought the lossmaking East West gas pipeline, a private company of RIL chairman Mukesh Ambani for Rs 13,000 crore. Brookfield will come on board these InvITs but Reliance wants to engage with other global investors as well and build long-term relationships.
The target set of investors include long-only capital of at least 10 years. \u201cThis is meant for pension or SWFs. It does not match the returns profile of traditional private equity,\u201d said an investment banker following this transaction closely.
InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects. An InvIT will help the infrastructure investor create liquidity and take some money off the table for RIL, while also providing a yield product to investors. Typically, analysts estimate that the steady cash-flow generating infrastructure business should yield a 12-13% internal rate of return (IRR), excluding leverage.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"40.0","minfoseo":"40-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1556593858133","minfoseo":"1556593858133"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-1006285010","minfoseo":"-1006285010"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"https:\/\/economictimes.indiatimes.com\/industry\/telecom\/telecom-news\/global-invites-for-jio-invits-pension-funds-sovereign-wealth-funds-line-up\/articleshow\/69105947.cms","minfoseo":"https\/economictimes-indiatimes-com\/industry\/telecom\/telecom-news\/global-invites-for-jio-invits-pension-funds-sovereign-wealth-funds-line-up\/articleshow\/69105947-cms"},"OriginalImageHeightPx":{"minfo":"600.0","minfoseo":"600-0"},"OriginalImageWidthPx":{"minfo":"800.0","minfoseo":"800-0"},"NumberOfCharacters":{"minfo":"5782.0","minfoseo":"5782-0"},"NumberOfWords":{"minfo":"896.0","minfoseo":"896-0"},"key":{"0":{"keyid":"6355199","value":"reliance industries","smid":"0","keynameseo":"reliance-industries","keytype":"","keycount":"totalcount","weightage":"20"},"1":{"keyid":"2003276","value":"Jio","smid":"0","keynameseo":"Jio","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"6425787","value":"InvITs","smid":"0","keynameseo":"InvITs","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"1424627","value":"Brookfield","smid":"0","keynameseo":"Brookfield","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6482676","value":"ADIA","smid":"0","keynameseo":"ADIA","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"artau":"Arijit Barman","aunameseo":"arijit-barman","artauid":"16028","artauemail":"arijitbarman@gmail.com","auselfimageid":"16028","auimageid":"0016028","auimagelen":"204446","auFullName":"Arijit Barman","pubname":"ET","designame":"Journalist","audetailsxml":{"authordetails":[],"details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}},"similarlytagged":[{"msid":"97597019","stname":"Reliance Jio seeks Chandigarh MC nod to lay cables underground","artsyn":"\u201cThe company is initially looking to lay down cables in 70km-80km of area, which can be later extended. Fastway has sought permission in more area. The work is based on paper work. The process is being carried out by keeping the laid down norms, fee and other aspects,\u201d sources said.","seolocation":"telecomnews\/reliance-jio-seeks-chandigarh-mc-nod-to-lay-cables-underground","seolocationalt":"Reliance Jio seeks Chandigarh MC nod to lay cables underground","url_seo":"reliance-jio-seeks-chandigarh-mc-nod-to-lay-cables-underground"},{"msid":"97429997","stname":"Data consumption set to rise 10%-15% sequentially in June quarter: Analysts","artsyn":"They added that the estimated surge in mobile data usage during the IPL is also likely to hasten 5G adoption and boost appetite for mobile internet services in rural India where television penetration is relatively modest.","seolocation":"telecomnews\/data-consumption-set-to-rise-10-15-sequentially-in-june-quarter-analysts","seolocationalt":"Data consumption set to rise 10%-15% sequentially in June quarter: Analysts","url_seo":"data-consumption-set-to-rise-10-15-sequentially-in-june-quarter-analysts"},{"msid":"97265608","stname":"Reliance Jio, Retail IPOs unlikely this year: JP Morgan","artsyn":"RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. \"While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely,\" the brokerage said.","seolocation":"telecomnews\/reliance-jio-retail-ipos-unlikely-this-year-jp-morgan","seolocationalt":"Reliance Jio, Retail IPOs unlikely this year: JP Morgan","url_seo":"reliance-jio-retail-ipos-unlikely-this-year-jp-morgan"},{"msid":"97176614","stname":"Jio PAT up 28% on year in Q3FY23","artsyn":"Reliance Jio Infocomm, the telecom unit of Jio Platforms, added 5.3 million users to its network in the December quarter, signalling a slowdown in net subscriber addition from 7.7 million in the September quarter. Jio\u2019s total subscriber base was 432.9 million as on December 31.","seolocation":"telecomnews\/jio-pat-up-28-on-year-in-q3fy23","seolocationalt":"Jio PAT up 28% on year in Q3FY23","url_seo":"jio-pat-up-28-on-year-in-q3fy23"},{"msid":"97131258","stname":"Indian tycoon Adani's group says has no plans for telecom sector","artsyn":"Adani Enterprises' unit Adani Data Networks purchased airwaves worth nearly $27 million in the country's 5G auction last year. However, at the time, the company has said it does not plan to offer consumer services and is instead aiming to enter the private 5G network space.","seolocation":"telecomnews\/indian-tycoon-adanis-group-says-has-no-plans-for-telecom-sector","seolocationalt":"Indian tycoon Adani's group says has no plans for telecom sector","url_seo":"indian-tycoon-adanis-group-says-has-no-plans-for-telecom-sector"},{"msid":"96942338","stname":"Jio launches True 5G services in Ujjain","artsyn":"Currently, all 5 most prominent cities of Madhya Pradesh have access to the 5G service, where users will be able to enjoy Unlimited 5G Data with up to 1 Gbps+ speed, at no additional cost 12th January 2023. \u200b\u200bThe launch strengthens Jio True 5G coverage in Madhya Pradesh, close to the unveiling of coveted events like Pravasi Bharatiya Divas and Invest MP \u2013 Global Investor Summit at Indore.","seolocation":"telecomnews\/jio-launches-true-5g-services-in-ujjain","seolocationalt":"Jio launches True 5G services in Ujjain","url_seo":"jio-launches-true-5g-services-in-ujjain"},{"msid":"96787183","stname":"Reliance Jio listing among 5 triggers that can spark 39% rally in RIL stock in 2023","artsyn":"Jio is expected to deliver 19% YoY revenue growth led by tariff hikes in the mobile segment and continued traction in the non-mobile segment. \"5G pricing\/adoption and its impact on market dynamics is key monitorable. The timing and quantum of next tariff hikes and Jio's response to Bharti's rural expansion would also be key focus areas,\" the analysts said.","seolocation":"telecomnews\/reliance-jio-listing-among-5-triggers-that-can-spark-39-rally-in-ril-stock-in-2023","seolocationalt":"Reliance Jio listing among 5 triggers that can spark 39% rally in RIL stock in 2023","url_seo":"reliance-jio-listing-among-5-triggers-that-can-spark-39-rally-in-ril-stock-in-2023"},{"msid":"96778522","stname":"Revenue growth of telcos likely to be sluggish in Q3","artsyn":"JPL's profit after tax (PAT) for the quarter is expected to be flat at Rs 4,753.8 crore as the company recognises a portion of 4G spectrum cost, said ICICI Securities. The firm expects Bharti Airtel to benefit from lower forex in the quarter, pushing its PAT up nearly 49% quarter-on-quarter to Rs 3,194.5 crore.","seolocation":"telecomnews\/revenue-growth-of-telcos-likely-to-be-sluggish-in-q3","seolocationalt":"Revenue growth of telcos likely to be sluggish in Q3","url_seo":"revenue-growth-of-telcos-likely-to-be-sluggish-in-q3"},{"msid":"96750764","stname":"Microsoft is now building global products in India: CEO Satya Nadella","artsyn":"Nadella who was conferred with the Padma Bhushan, India\u2019s third-highest civilian award, in October last year said that historically, the company has built products elsewhere and sold them in India. This has changed and the company is now making global products here.","seolocation":"telecomnews\/microsoft-is-now-building-global-products-in-india-ceo-satya-nadella","seolocationalt":"Microsoft is now building global products in India: CEO Satya Nadella","url_seo":"microsoft-is-now-building-global-products-in-india-ceo-satya-nadella"},{"msid":"96684045","stname":"Mobile phone tariff hikes likely mid-2023: Analysts","artsyn":"\u201cWith 5G related ARPU (average revenue per user) uplift likely to be insignificant in near future, 4G prepaid tariff hike remains the most important ARPU lever for telcos. We see higher probability of 4G prepaid tariff hikes in mid-2023,\u201d said brokerage firm IIFL Securities in a report. \u201cPushing tariff hikes closer to 2024 elections raises the risk of political backlash\u201d.","seolocation":"telecomnews\/mobile-phone-tariff-hikes-likely-mid-2023-analysts","seolocationalt":"Mobile phone tariff hikes likely mid-2023: Analysts","url_seo":"mobile-phone-tariff-hikes-likely-mid-2023-analysts"},{"msid":"96593244","stname":"Google Pixel users in India, this is when your wait for 5G will end","artsyn":"\u201cWe have been actively working with Indian carriers on the various requirements that go into provisioning 5G and look forward to rolling this out for Pixel 7, Pixel 7 Pro and Pixel 6a in Q1 2023,\u201d said the company in a statement. This means that users of Google Pixel 6a, Google Pixel 7 and Google Pixel 7 Pro smartphones can look forward to getting 5G connectivity in the first three months of 2023.","seolocation":"telecomnews\/google-pixel-users-in-india-this-is-when-your-wait-for-5g-will-end","seolocationalt":"Google Pixel users in India, this is when your wait for 5G will end","url_seo":"google-pixel-users-in-india-this-is-when-your-wait-for-5g-will-end"},{"msid":"96583387","stname":"20 years & counting: How Ambani became Alibaba & Alphabet of India","artsyn":"In 2 decades with Mukesh Ambani as chairman, RIL's mcap has grown at 20.6% CAGR & profits by an annualised rate of 16.4%, Credit & care & value unlocking likely to bring back the mojo to the stock as comparisons with Gautam Adani further intensifies.","seolocation":"telecomnews\/20-years-counting-how-ambani-became-alibaba-alphabet-of-india","seolocationalt":"20 years & counting: How Ambani became Alibaba & Alphabet of India","url_seo":"20-years-counting-how-ambani-became-alibaba-alphabet-of-india"},{"msid":"96341893","stname":"32 million viewers tuned in to JioCinema on final day of FIFA World Cup 2022: Viacom18","artsyn":"\u201cOver 110 million viewers consumed the content on digital, making India one of the highest digital viewership markets for the FIFA World Cup,\u201d Viacom18, the entertainment network jointly owned by Reliance Industries and Viacom, said.","seolocation":"telecomnews\/32-million-viewers-tuned-in-to-jiocinema-on-final-day-of-fifa-world-cup-2022-viacom18","seolocationalt":"32 million viewers tuned in to JioCinema on final day of FIFA World Cup 2022: Viacom18","url_seo":"32-million-viewers-tuned-in-to-jiocinema-on-final-day-of-fifa-world-cup-2022-viacom18"},{"msid":"96316829","stname":"Mcap of nine of top-10 most valued firms erode by Rs 1.22 lakh cr; Reliance biggest laggard","artsyn":"Barring HDFC Bank, rest nine companies, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, witnessed decline in their market valuation.","seolocation":"telecomnews\/mcap-of-nine-of-top-10-most-valued-firms-erode-by-rs-1-22-lakh-cr-reliance-biggest-laggard","seolocationalt":"Mcap of nine of top-10 most valued firms erode by Rs 1.22 lakh cr; Reliance biggest laggard","url_seo":"mcap-of-nine-of-top-10-most-valued-firms-erode-by-rs-1-22-lakh-cr-reliance-biggest-laggard"},{"msid":"96212881","stname":"Viacom18 explores aggregating digital platforms under 1 super app","artsyn":"For starters, all the sports properties with Viacom18 have been brought on JioCinema, an app which has seen its downloads soar on the back of the football world cup being streamed on the platform for free. It is not yet known whether the IPL will also be housed on JioCinema, though experts believe that the football world cup telecast may have been a practice run of sorts.","seolocation":"telecomnews\/viacom18-explores-aggregating-digital-platforms-under-1-super-app","seolocationalt":"Viacom18 explores aggregating digital platforms under 1 super app","url_seo":"viacom18-explores-aggregating-digital-platforms-under-1-super-app"},{"msid":"96198487","stname":"Reliance is India's most visible corporate in media: Wizikey report","artsyn":"This was the third year in a row when Reliance Industries has topped Wizikey's Newsmakers rankings among all Indian corporates.","seolocation":"telecomnews\/reliance-is-indias-most-visible-corporate-in-media-wizikey-report","seolocationalt":"Reliance is India's most visible corporate in media: Wizikey report","url_seo":"reliance-is-indias-most-visible-corporate-in-media-wizikey-report"},{"msid":"95980524","stname":"Mcap of eight of top-10 most valued firms climb Rs 1.15 lakh cr; Reliance biggest winner","artsyn":"Last week, the BSE benchmark jumped 574.86 points or 0.92 per cent. The benchmark had settled above 63,000-level for the first time ever on Wednesday.","seolocation":"telecomnews\/mcap-of-eight-of-top-10-most-valued-firms-climb-rs-1-15-lakh-cr-reliance-biggest-winner","seolocationalt":"Mcap of eight of top-10 most valued firms climb Rs 1.15 lakh cr; Reliance biggest winner","url_seo":"mcap-of-eight-of-top-10-most-valued-firms-climb-rs-1-15-lakh-cr-reliance-biggest-winner"},{"msid":"95519355","stname":"Jio to incorporate local tech in 5G rollout","artsyn":"In fact, Jio is the only private telco which is using its own core, or so-called brain, of the network for 5G while radio, or transport, network has been given to Ericsson, Nokia and Samsung. The people further said home-made radios are even now being utilised in the network rollout but going forward, the quantity will increase as local manufacturing increases.","seolocation":"telecomnews\/jio-to-incorporate-local-tech-in-5g-rollout","seolocationalt":"Jio to incorporate local tech in 5G rollout","url_seo":"jio-to-incorporate-local-tech-in-5g-rollout"},{"msid":"95393662","stname":"Centre to decide on semiconductor fab by Feb: Karnataka IT minister","artsyn":"ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor.","seolocation":"telecomnews\/centre-to-decide-on-semiconductor-fab-by-feb-karnataka-it-minister","seolocationalt":"Centre to decide on semiconductor fab by Feb: Karnataka IT minister","url_seo":"centre-to-decide-on-semiconductor-fab-by-feb-karnataka-it-minister"},{"msid":"95367900","stname":"Reliance Industries, HCL may enter Indian semiconductor race via ISMC","artsyn":"The oil-to-telecom conglomerate as well as the Shiv Nadar-founded HCL are likely to invest through subsidiaries, said the sources who estimate the total investment from both parties may be over Rs 4,000 crore ($500-600 million).","seolocation":"telecomnews\/reliance-industries-hcl-may-enter-indian-semiconductor-race-via-ismc","seolocationalt":"Reliance Industries, HCL may enter Indian semiconductor race via ISMC","url_seo":"reliance-industries-hcl-may-enter-indian-semiconductor-race-via-ismc"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"6355199","value":"reliance industries","smid":"0","keynameseo":"reliance-industries","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"2003276","value":"Jio","smid":"0","keynameseo":"Jio","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6425787","value":"InvITs","smid":"0","keynameseo":"InvITs","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1424627","value":"Brookfield","smid":"0","keynameseo":"Brookfield","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6482676","value":"ADIA","smid":"0","keynameseo":"ADIA","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"reliance industries"},{"name":"Brookfield"},{"name":"Industry"},{"name":"InvITs"},{"name":"ADIA"},{"name":"Jio"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["reliance industries","Jio","InvITs","Industry","Brookfield","ADIA"],"filterTags":[]},"breadcrumbTags":["reliance industries","Jio","InvITs","Industry","Brookfield","ADIA"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/global-invites-for-jio-invits-pension-funds-sovereign-wealth-funds-line-up\/69106718"}" data-news-images="[{"msid":"69106727","msname":"jio","msnameseo":"jio","mediatype":"1","artdate":"2019-04-22 16:40:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
