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Tuesday, 26 August 2014

Reliance Jio awards $250-$350 million to IBM and hires 5500 people


Reliance Jio awards $250-$350 million IT contract to IBM; hires 5,500 people

NEW DELHI: Mukesh Ambani-owned Reliance Jio Infocomm has awarded $250-$350 million IT contract to IBM. The IT contract with IBM has a clause to scale up, the sources told ET Now.

The company has already awarded an IT solution deal to Finnish telecom gear maker Nokia Networks, while Samsung is the main technology partner for rolling out 4G network in the country, ET Telecom reported recently.

Reliance Jio has a pan-India licence for 4G LTE on the 2,300MHz band and will launch 4G services early next year. Reliance Jio is likely to start 4G trials from October this year and has shortlisted 1200 cities for the launch of 4G services in 2015.

The telco had also acquired airwaves in the 1800 MHz band in a number of circles. It will provide a TDD LTE network along with fixed line broadband nationwide.

According to ET Now sources, Reliance Jio is on a hiring spree and has hired 5,500 people already. It has created hub & spoke model for the organisational structure.
The company's top management is already in place and is being led by Sandip Das, who is managing director of Reliance Jio.

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