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Jio to get additional Rs 15,000 Cr through rights issue and more

Reliance Industries said that it would infuse an additional Rs 15,000 crore in its telecom unit Reliance Jio (RJio) through a rights issue, which could take the total investment to about Rs 60,000 crore, during an analyst call, as indicated by this Livemint report. The recent fund addition comes after RJio raised Rs 2,000 crore through 5 year bonds via private placement in this month. In October last year, Jio raised Rs 3000 crore by issuing secured redeemable non-convertible debentures to aid its 4G roll out. In May 2015, the company had raised a $750 million loan (~Rs 4500 crore) from nine banks on a 10 year repayment period. The company also detailed plans of network rollout status, spectrum capacity, and various tie-ups with vendors and distributors for different products and services under the Jio brand, during the analyst call (pdf). These are listed below. On Spectrum and network roll-out RJio claims that network optimization in the 800Mhz band is being carried out and has reached the final stages. It is yet to conduct optimization in  4 circles— Karnataka, Tamil Nadu, Kerala, Rajasthan, for which RJio was allocated spectrum on July 6th. Deployment and optimization in these circles will take 6-8 weeks. However, the company has not yet hinted on an exact date for commercial roll-out, but said that the entire spectrum repository would be deployed in creating LTE networks and not in legacy networks. It also hinted on plans of FTTH and Wi-Fi services for users under the Jio brand. The…

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