There’s no stopping Reliance Jio; plans further fund raising

[sumitroy]

Reliance Industries’ announcement of last month about raising Rs 25,000 crore via non-convertible debentures for further investments into its disruptive telecom foray Jio hasn’t yet come to fruition, but Mukesh Ambani is not taking a pause in ramp up of the venture which has taken the Indian telecom industry by storm. The company said on Thursday that Reliance Jio will launch a rights issue of shares to raise Rs 20,000 crore.

There’s no stopping Reliance Jio; plans further fund raising via Rs 20,000 cr rights issue

 

[Sarkar]

Reason of raising so much money by Jio :

"Poor people in the country are subsidising inefficient network of telecom operators. There is very less cost of carrying calls on 4G network, but still incumbent operators are making people in rural areas use 2G network. We will install network in the village very next day if any operator wants to leave a village," a Jio representative said on IUC at Trai's open house discussion today.

Operators say rural telecom to suffer at nil IUC, Reliance Jio differs - ET Telecom

I am just wondering why are we crying for Jio's poor signal when Jio can install network anytime. Are they waiting for AVOID group's exit ?