Reliance Industries’ telecom arm will increase its staff strength by nearly three-fold this year to 10,000 as it gears up to launch fourth generation (4G) services.
Company Chairman Mukesh Ambani, however, did not give any timeframe for the launch of services and said he would give more details only in next AGM about the product and the launch.
“Hopefully, next year same time I will be able to give more information about the product and the launch,” RIL Chairman and Managing Director Mukesh Ambani said while addressing company shareholders.
The company has so far invested about Rs. 18,000 crore in the telecom business, mostly for acquiring spectrum.
“From less than 700 professionals a year back...the Reliance Jio team has grown rapidly to a national footprint of over 3,000 professionals today. And we estimate that over the next year we will grow the team further to a national strength of nearly 10,000 professionals,” Ambani said.
Reliance Jio Infocomm, the telecom arm of RIL, has also finalised the key vendor and supplier partnerships that are required for the initial launch of our services, he added.
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