Reliance Jio H1 net loss widens to Rs 12.48 crore

RIL’s telecom arm Reliance Jio Infocomm on Friday reported widening of its net loss to Rs 12.48 crore for the first six months period of current financial year ended September (rpt) September 30, 2015.
The company had registered a net loss of Rs 7.68 crore in the same period a year ago.
The revenue of Reliance Jio remained flat at Rs 2 lakh during period under review as it is yet to begin commercial operations.
The company is expected to start commercial operations in December.
Reliance Jio holds the highest amount of liberalised spectrum among telecom operators which can be used for deploying any technology for mobile services.
It has a total of 751.1 MHz spectrum across 800 MHz, 1800 MHz and 2300 MHz bands.
“RJIL plans to provide seamless 4G services using LTE in 800 MHz, 1800 MHz and 2300 MHz bands through an integrated ecosystem,” RIL said.
It has informed the Department of Telecom that it will be sharing spectrum in the 800 MHz band with RCom across seven telecom circles for its 4G services.
The sharing agreement will provide more bandwidth for RJIL to provide its high-speed 4G services.
The company said it has substantially completed its network roll-out across the country and the network is currently being tested and optimised.
“The initial results have been positive. The company expects to ramp up its beta programme over the next few weeks to further optimise the network, prior to commercial launch of operations. 2016-17 is projected to be the first year of commercial operations for RJIL,” RIL said.
RIL in June has said it plans to offer telecom, high-speed data, digital commerce, media and payment services for about Rs 300-500 per month.



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