Reliance Jio Infocomm Limited (RJIL) on Monday said it has completed minimum roll-out obligations ahead of schedule across all spectrum bands for spectrum acquired in the 2022 spectrum auction. "On 19th July 2023, RJIL had completed submission of the prescribed details towards completion of the Phase 1 minimum roll-out obligation with the Department of Telecommunications (“DoT") Units and by 11th August 2023, necessary DoT testing was completed in all circles," the company said in an exchange filing.
During FY 2022-23, Reliance and its subsidiary Jio Infocomm Limited (JIL) tied up $3 billion equivalent through syndicated term loan facilities, the conglomerate said in its annual report 2022-23 released on Sunday.
Mukesh Ambani's company is likely to get Rs 18,190 crore in fund support from the Swedish Export Credit agency to finance equipment for the 5G roll-out.