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Reliance Jio Q3 profit rises 12 3% to Rs 5,208 crore

Telecom unit, Reliance Jio Infocomm Ltd said December quarter net profit rose 12.3 percent to Rs 5,208 crore as more users chose the company’s mobile phone services. It added 11.2 million users in the December quarter for a total of 470.9 million.

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Reliance s Jio Infocomm raises $2 bn offshore loan for 5G gear purchases: Report

HSBC was the lead arranger of the transaction that will help fund the telco’s 5G gear purchases from Nokia.

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