$\"\"$ Reliance Industries Ltd (RIL<\/a>) has signed a pact to merge music app Saavn<\/a> with its own digital music service JioMusic<\/a> in a cashand-stock deal. The Mukesh Ambani-owned company will have a stake of more than 75% in the merged entity, which a press statement claimed, will be valued at $1billion.
\n
RIL’s move will boost the content play of telecom unit Jio<\/a> Infocomm, analysts said.
\n
\nThe company’s board also approved raising ₹20,000 crore through debt in tranches in a board meeting on Friday. This will be used to fund the capital expenditure requirements of Jio, including paying for the wireless assets of Reliance Communications, under a deal signed late December, analysts said.
\n
\nRIL will pay $104 million in cash to acquire a partial stake from the existing shareholders of Saavn, including Tiger Global Management, Liberty Media and Bertelsmann among others. The three cofounders of Saavn — Rishi Malhotra, Paramdeep Singh and Vinodh Bhat — will continue to drive growth at the combined entity, RIL said in a joint statement. JioMusic’s implied valuation in the merged entity will be $670 million, the company added. According to industry sources, this implies that Saavn is valued at $330 million.
\n
\nIn addition to its cash and stock investment, RIL said it will also invest up to “rupee equivalent of $100 million” for growth and expansion of the merged platform. Of this, the rupee equivalent of $20 million will be invested upfront.
\n
“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,” said Akash Ambani, director, Reliance Jio<\/a>, who is said to have driven the deal. The transaction is subject to customary closing conditions. The merged company will continue to operate as an over-the-top media platform and will be available on all app stores.
\n
\nAn EY report said the number of music streaming users in India has more than tripled to nearly 88 million since 201587.6 million. The number of online music consumers is expected to grow further as smartphone penetration along with faster data speeds and lower data rates.
\n
\nRIL’s move comes at a time when the intense battle for telecom subscribers has shifted beyond just price to offerings such as content, primarily movies and music.
\n
\nRIL’s rivals in the telecom space, led by market leader Bharti Airtel, are beefing up their entertainment content organically, or inorganically, even as they follow the aggregator model. Airtel has got a portfolio of content applications including Wynk Movies, Wynk Music, and Wynk Games, whereas Jio has platforms like JioTV, JioCinema, Jio-Music, JioCloud, and JioMags.
\n
\nHowever, JioMusic, which has 16 million songs sourced from all major Indian and international labels, will become the first among peers to have taken the step of merging with another content provider. The other differentiator for the merged entity will be Saavn’s original content--the platform produces, distributes and licenses original music made with independent artists. “Content is increasingly becoming an important piece of a telco’s overall data strategy. And the acquisition of Saavn music app will help Jio broadbase its data offerings packing in more value, which should help it target high-value customers from rival incumbents,” said Naveen Kulkarni, a telecom analyst at PhillipCapital.
\n
\nTO RAISE FUNDS FOR CAPEX
\n
\nBesides beefing up the content, Jio — having invested over ₹200,000 crore and signed up more than 168 million subscribers — is also expanding its 4G network rapidly and aims to double its over 100,000 telecom towers to reach almost the entire population of the country by this year-end.
\n
\nJio’s capex needs include ₹24,000- ₹25,000 crore that it will pay Reliance Communications for wireless assets including spectrum, towers, optic fibre and switching nodes.
\n
\nRIL’s decision to raise funds comes a few days after market leader Bhati Airtel announced plans to raise ₹16,500 crore in debt to refinance existing debt and pay for spectrum.
\n
\n“Jio could use a portion of the ₹20,000 crore debt it proposes to raise for annual capex requirements towards 4G network expansion, adding towers in tier 2 & 3 towns and accelerating its planned fibre-to-thehome network rollouts,” said Nitin Soni, director at global rating agency Fitch. Kulkarni said the primary objective of Jio's fundraising exercise would be to buy RCom’s wireless assets, especially the spectrum resources that are crucial for its own 4G operations. Jio spent about ₹7,000 crore as capex in the December quarter and has said it expects capex levels to be similar in the ongoing March quarter as well.<\/body>","next_sibling":[{"msid":63432554,"title":"Is Airtel\u2019s new TVC taking a dig at Reliance Jio?","entity_type":"ARTICLE","link":"\/news\/is-airtels-new-tvc-taking-a-dig-at-reliance-jio\/63432554","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":63433727,"entity_type":"ARTICLE","title":"RIL to beef up JioMusic through Saavn investment; Jio to raise Rs 20,000 crores","synopsis":"\u200bSeparately, the Reliance Jio board Friday approved raising Rs 20,000 crore in debt for capex needs. \u200b","titleseo":"telecomnews\/ril-to-beef-up-jiomusic-through-saavn-investment-merged-company-to-be-valued-at-1-bn","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":169,"shares":0,"engagementtimems":490000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-03-23 20:48:46","lastupd":"2018-03-24 10:53:20","breadcrumbTags":["JioMusic","reliance jio","Jio","RIL","Saavn","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/ril-to-beef-up-jiomusic-through-saavn-investment-merged-company-to-be-valued-at-1-bn"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-03-23" data-index="article_1">

瑞来斯加强JioMusic通过Saavn投资;Jio提高Rs 20000卢比

另外,信实Jio董事会周五批准提高债务资本支出需要20000卢比。

等局

更新2018年3月24日10:53点坚持

信实工业有限公司(瑞来斯音乐应用程序合并)签署了一项协议Saavn有自己的数字音乐服务JioMusic在cashand-stock交易。穆克什Ambani-owned公司将有超过75%的股份合并后的实体,一个新闻声明中宣称,将价值10亿美元。

瑞来斯的举动会增加的内容发挥电信单位JioInfocomm,分析师表示。

公司董事会批准提高₹20000卢比的债务在周五部分在一个董事会会议。这将是用于资助Jio的资本支出需求,包括支付信实电信的无线资产,在去年12月签署的一项协议,分析师表示。

瑞来斯将支付1.04亿美元现金收购部分Saavn现有股东的股份,包括老虎环球管理、自由媒体和贝塔斯曼。的三个合伙人Saavn——圣人Malhotra Paramdeep辛格和Vinodh Bhat——在合并后的实体将继续推动经济增长,瑞来斯在一份联合声明中表示。JioMusic隐含估值在合并后的实体将6.7亿美元,该公司补充道。据业内人士称,这意味着Saavn价值3.3亿美元。

除了现金和股票投资,瑞来斯表示,它还将投资“卢比相当于1亿美元的合并平台的发展和壮大。此,卢比相当于2000万美元将前期投资。

“我们的音乐资产的投资和组合Saavn突显出我们的承诺,进一步推动数字生态系统并提供无限的数字娱乐服务在一个强大的不间断的网络消费者,“阿卡什·安巴尼说,导演,依赖Jio据说,他推动了交易。交易惯例成交条件。合并后的公司将继续作为一个顶级媒体运营平台,可以在所有应用程序商店。

按照报告说在印度音乐流媒体用户的数量自2015.876亿年以来已经增长了两倍多,近8800万。在线音乐消费者的数量预计将进一步增长,智能手机的普及率以及更快的数据传输速度,降低数据率。

瑞来斯的举动正值激烈的争夺电信用户已经不仅仅是价格产品等内容,主要是电影和音乐。

瑞来斯的竞争对手在电信领域,由市场领导者Bharti Airtel,加强他们的娱乐内容有机地结合起来,或及,即使他们遵循聚合器模型。旅馆有一个投资组合的内容应用程序包括Wynk电影,Wynk音乐,和Wynk游戏,而Jio平台像JioTV JioCinema, Jio-Music JioCloud, JioMags。

然而,JioMusic, 1600万首歌曲来自所有重大国际和印度标签,将成为第一个在同行已经合并与另一个内容提供者的一步。其他微分器对合并后的实体将Saavn原创内容平台生产,分配和许可证原创音乐由独立的艺术家。“内容正日益成为一个重要的电信的整体数据的策略。和收购Saavn音乐应用将有助于Jio broadbase其数据产品包装在更多的价值,这应该有助于目标竞争对手现有的高价值客户,”乃文Kulkarni PhillipCapital电信分析师说。

为资本支出筹集资金

除了加强内容,Jio——投资超过200000卢比₹签署超过1.68亿用户,也迅速扩大其4 g网络,旨在扩大一倍100000电信塔达到几乎整个国家的人口这年终。

Jio资本支出需求包括₹24000 -₹25000卢比,它将为无线支付信实电信资产包括频谱、塔、光纤和交换节点。

瑞来斯决定筹集资金来了几天后市场领导者Bhati Airtel宣布计划提高₹16500卢比的债务偿还现有债务和支付范围。

“Jio可以使用一部分₹20000卢比的债务提出了提高年度资本支出需求向4 g网络扩张,增加塔层2 & 3城镇和加速其计划fibre-to-thehome网络糊涂事,”尼索尼说,主管全球评级机构惠誉。Kulkarni说Jio的筹款运动的主要目的是购买的无线RCom资产,特别是对于自己的4 g频谱资源至关重要的操作。Jio花了₹7000卢比的资本支出在第四季度,预计持续3月季度资本支出水平是相似的。

发布于2018年3月23日08:48点坚持

$\"\"$ Reliance Industries Ltd (RIL<\/a>) has signed a pact to merge music app Saavn<\/a> with its own digital music service JioMusic<\/a> in a cashand-stock deal. The Mukesh Ambani-owned company will have a stake of more than 75% in the merged entity, which a press statement claimed, will be valued at $1billion.
\n
RIL’s move will boost the content play of telecom unit Jio<\/a> Infocomm, analysts said.
\n
\nThe company’s board also approved raising ₹20,000 crore through debt in tranches in a board meeting on Friday. This will be used to fund the capital expenditure requirements of Jio, including paying for the wireless assets of Reliance Communications, under a deal signed late December, analysts said.
\n
\nRIL will pay $104 million in cash to acquire a partial stake from the existing shareholders of Saavn, including Tiger Global Management, Liberty Media and Bertelsmann among others. The three cofounders of Saavn — Rishi Malhotra, Paramdeep Singh and Vinodh Bhat — will continue to drive growth at the combined entity, RIL said in a joint statement. JioMusic’s implied valuation in the merged entity will be $670 million, the company added. According to industry sources, this implies that Saavn is valued at $330 million.
\n
\nIn addition to its cash and stock investment, RIL said it will also invest up to “rupee equivalent of $100 million” for growth and expansion of the merged platform. Of this, the rupee equivalent of $20 million will be invested upfront.
\n
“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,” said Akash Ambani, director, Reliance Jio<\/a>, who is said to have driven the deal. The transaction is subject to customary closing conditions. The merged company will continue to operate as an over-the-top media platform and will be available on all app stores.
\n
\nAn EY report said the number of music streaming users in India has more than tripled to nearly 88 million since 201587.6 million. The number of online music consumers is expected to grow further as smartphone penetration along with faster data speeds and lower data rates.
\n
\nRIL’s move comes at a time when the intense battle for telecom subscribers has shifted beyond just price to offerings such as content, primarily movies and music.
\n
\nRIL’s rivals in the telecom space, led by market leader Bharti Airtel, are beefing up their entertainment content organically, or inorganically, even as they follow the aggregator model. Airtel has got a portfolio of content applications including Wynk Movies, Wynk Music, and Wynk Games, whereas Jio has platforms like JioTV, JioCinema, Jio-Music, JioCloud, and JioMags.
\n
\nHowever, JioMusic, which has 16 million songs sourced from all major Indian and international labels, will become the first among peers to have taken the step of merging with another content provider. The other differentiator for the merged entity will be Saavn’s original content--the platform produces, distributes and licenses original music made with independent artists. “Content is increasingly becoming an important piece of a telco’s overall data strategy. And the acquisition of Saavn music app will help Jio broadbase its data offerings packing in more value, which should help it target high-value customers from rival incumbents,” said Naveen Kulkarni, a telecom analyst at PhillipCapital.
\n
\nTO RAISE FUNDS FOR CAPEX
\n
\nBesides beefing up the content, Jio — having invested over ₹200,000 crore and signed up more than 168 million subscribers — is also expanding its 4G network rapidly and aims to double its over 100,000 telecom towers to reach almost the entire population of the country by this year-end.
\n
\nJio’s capex needs include ₹24,000- ₹25,000 crore that it will pay Reliance Communications for wireless assets including spectrum, towers, optic fibre and switching nodes.
\n
\nRIL’s decision to raise funds comes a few days after market leader Bhati Airtel announced plans to raise ₹16,500 crore in debt to refinance existing debt and pay for spectrum.
\n
\n“Jio could use a portion of the ₹20,000 crore debt it proposes to raise for annual capex requirements towards 4G network expansion, adding towers in tier 2 & 3 towns and accelerating its planned fibre-to-thehome network rollouts,” said Nitin Soni, director at global rating agency Fitch. Kulkarni said the primary objective of Jio's fundraising exercise would be to buy RCom’s wireless assets, especially the spectrum resources that are crucial for its own 4G operations. Jio spent about ₹7,000 crore as capex in the December quarter and has said it expects capex levels to be similar in the ongoing March quarter as well.<\/body>","next_sibling":[{"msid":63432554,"title":"Is Airtel\u2019s new TVC taking a dig at Reliance Jio?","entity_type":"ARTICLE","link":"\/news\/is-airtels-new-tvc-taking-a-dig-at-reliance-jio\/63432554","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":63433727,"entity_type":"ARTICLE","title":"RIL to beef up JioMusic through Saavn investment; Jio to raise Rs 20,000 crores","synopsis":"\u200bSeparately, the Reliance Jio board Friday approved raising Rs 20,000 crore in debt for capex needs. \u200b","titleseo":"telecomnews\/ril-to-beef-up-jiomusic-through-saavn-investment-merged-company-to-be-valued-at-1-bn","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":169,"shares":0,"engagementtimems":490000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-03-23 20:48:46","lastupd":"2018-03-24 10:53:20","breadcrumbTags":["JioMusic","reliance jio","Jio","RIL","Saavn","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/ril-to-beef-up-jiomusic-through-saavn-investment-merged-company-to-be-valued-at-1-bn"}}" data-news_link="//www.iser-br.com/news/ril-to-beef-up-jiomusic-through-saavn-investment-merged-company-to-be-valued-at-1-bn/63433727">

我们使用cookie,以确保适合你的经验

选择我接受,或继续在网站上,你同意我们使用饼干和条款和条件。

瑞来斯加强JioMusic通过Saavn投资;Jio提高Rs 20000卢比

评论

我们使用cookie,以确保适合你的经验

选择我接受,或继续在网站上,你同意我们使用饼干和条款和条件。

瑞来斯加强JioMusic通过Saavn投资;Jio提高Rs 20000卢比

评论

所有评论

找到这个评论进攻?

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用