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The two companies have formed a joint venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 per cent and 49 per cent equity stake respectively.
According to a monthly telecom subscribers report released by the telecom regulator Trai on Tuesday, Jio now leads the fixed-line broadband segment with 4.34 million customers.
Speaking at the India Mobile Congress, he said India must complete the migration from 2G to 4G and 5G at the earliest.
The smartphone will be available for an upfront price of 1,999 rupees and the rest can be paid via monthly instalments.
The phone will use a language-translation tool as a special feature to enable communication between vernacular speakers in India.
Emergency data loan facility provides flexibility of 'Recharge Now and Pay Later' functionality to Jio users who run out of their high speed daily data quota and are unable to recharge immediately.
The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies. This means that Chinese gear makers will not be part of the 5G trials.
On its website, Time said companies shaping the future are at the heart of the first ever TIME100 Most Influential Companies.
First in a statement and later in a petition before the High Court, the company said it has 'nothing whatsoever to do with the three farm laws currently debated in the country, and in no way benefits from them'.
At present, voice calls to rival networks are charged an interconnect usage charge (IUC). The IUC of 6 paise per minute was to make up for the cost incurred by the rival network for completing the call.