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Reliance Jio in 2014-15: FY15 results, Jio Chat, Wi-Fi services, spectrum auctions & more

Reliance Industries Limited's (RIL) telecom & digital arm Reliance Jio Infocomm, which recently confirmed that it will commence commercial operations by December this year, finally saw some activity in 2015, launching a chat service and rolling out WiFi on a pilot basis at some locations. A lowdown on highlights from Jio in 2014-15: Financials Jio reported operating revenues of Rs 415 crore for FY15, down 24% from Rs 546 crore operating revenues in FY14. The company's "Other revenues" stood at Rs 42 crore for FY15, down 12.5% from Rs 48 crore in FY14. Other financial highlights: - In FY15, RIL loaned Reliance Jio Infocomm Rs 5076 crore. As of March 31, 2015, the total amount loaned to Jio is Rs 16,813 crore. - Reliance Jio Infocomm's net assets are worth Rs 30,074 crore (as of March 31, 2015). - Reliance Jio Infocomm…

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