#jio-platforms
A 5G tower for the office ceiling: Jio's Pico promises 1 Gbps indoors
Jio Platforms has introduced the Pico Small Cell, a compact 5G base station meant to be mounted on walls or ceilings inside office buildings. The unit works in the n78 band, complies with 3GPP Release 17 and lists peak download speeds of up to 1 Gbps. Jio has not disclosed where it will be deployed or when.
Jio wants equity, not fees: talks with Comcast and Charter to licence its broadband tech
Jio Platforms is in talks with global telecom and cable firms including Comcast and Charter to licence its unlicensed band radio technology in exchange for possible equity stakes. Talks with South Africa's MTN fell through.
Jio's ₹13 lakh crore debut knocks Airtel off the telecom perch
Jio Platforms listed at ₹1,358 on Wednesday, a 21.36% premium to its ₹1,119 issue price, and closed at ₹1,417.50. Its ₹13.05 lakh crore market value makes it India's second-most valuable company and pushes Bharti Airtel to third. The ₹30,213 crore IPO was subscribed 22.19 times.
1.39 crore applications, 0.65% in fees: Jio's ₹30,213-crore IPO does everything except pay its bankers
Allotment in Jio Platforms' ₹30,213-crore IPO was finalised on Monday after the issue drew bids for 22.19 times the shares on offer and a record 1.39 crore applications. The shares list on Wednesday at a grey market premium of about 22%. The 19 banks on the deal will split roughly ₹196 crore, or 0.65% of the issue.
Jio Platforms' ₹30,213-crore IPO opens; India's biggest share sale
Jio Platforms' ₹30,213-crore IPO, India's largest share sale, opened for subscription and closes on October 23. The price band is ₹1,065-1,119 and the issue is a fresh sale of up to 27 crore shares. The ₹8,110-crore anchor book was subscribed over 30 times. Listing is expected on October 28.