With an eye on fast expansion of its presence in the telecom sphere, Mukesh Ambani-led conglomerate Reliance Industries Limited (RIL), is partnering with Walt Disney-India to acquire content for its upcoming telecom operations.
The deal allows Reliance Industries and UTV Software, a subsidiary of UTV in which Walt Disney holds 50.44 per cent stake, to jointly explore the potential in the content streaming services soon.
Known to be a pioneer in India’s core industry sectors – including energy, refining, and synthetic fibers – Reliance Industries has switched gears to expand its scope and scale to commercial and wide-spaced services, such as retail, financial services and more significantly telecom and broadband services.
After acquiring Infotel Broadband services, the only firm to secure nationwide wireless broadband radio airwaves (in 22 circles) in an auction conducted for Broadband Wireless Access (BWA) Spectrum conducted by the DoT, RIL plans to roll out top-of-the-line telecom services in India are very much on the cards.
It plans to build a data-focused business which will provide mobile, smartphone, tablet and computer users access to the internet related services via a wireless broadband network. Through this latest deal, Mukesh Ambani led RIL stands to gain access to games, entertainment and children’s content for their budding telecom operations, especially for its 4G platform.
Mukesh Ambani is not letting any stone unturned in his effort to widen the company’s reach. He is tying up with younger brother Anil Ambani’s Reliance Communication to revolutionize 4G in India, by proposing to use RCom’s access systems, fiber-optic backbone, international cable systems and internet gateways to provide high-speed data services.