RJIL reports loss of Rs 124.8 million for half year ended June 2015
October 19, 2015
Reliance Jio Infocomm Limited (RJIL) has reported widening of its net loss from Rs 76.8 million for the half year ended June 2014 to Rs 124.8 million for half year ended June 2015. Meanwhile, the company’s revenues remained flat at Rs 200,000 as it is yet to start its commercial operations.
RJIL holds a total of 751.1 MHz spectrum across 800 MHz, 1800 MHz and 2300 MHz bands, using which its plans to launch its 4G services in December 2015. It is planning to launch wireless, high-speed data, digital commerce, media as well as payment services.
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