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Reliance Comm partners Jasper to deliver Internet of Things across India

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photo credit: www.konnectworldwide.com

New Delhi: Reliance Communications (RCom), part of the Anil Ambani-led group, has partnered with global Internet of Things (IoT) platform leader Jasper to enable enterprises throughout India to launch, manage and monetize next-generation IoT businesses, the company said in a filing in the Bombay Stock Exchange on Thursday.

photo credit: www.teleanalysis.com
photo credit: www.teleanalysis.com

RCom is Jasper’s sole telecom partner in India.

This partnership pairs the capabilities of RCom’s 11 data center facilities and its Global Cloud Exchange platform with Jasper’s global IoT services platform to enable enterprises to capitalise on IoT services, the company said in a statement.

“This also marks yet another step forward in delivering the infrastructure and IoT platform required to facilitate the diverse array of projects under the Indian government’s ‘Digital India’ initiative,” the statement added.

“Businesses throughout India — as well as India’s own infrastructure and services — are undergoing a massive transformation. Reliable networks, innovative cloud computing and scalable IoT platforms are critical to enabling this revolution,” Bill Barney, CEO, Reliance Communications (Enterprise) & Global Cloud Xchange, said.

“We are pleased to team up with Jasper in this important deployment of IoT services, enabling businesses across India to build, implement and go to market faster, while gaining real-time visibility, control and service reliability,” he added.

“India is investing a great deal to empower citizens and enterprises with cutting-edge technology and infrastructure, and as a result, there is a large demand for Cloud and IoT services,” Jahangir Mohammed, founder and CEO of Jasper, said.

“This partnership allows us to support enterprises and governments throughout India in optimising and automating every stage of their IoT service life-cycle, enabling companies to get the most out of their devices, networks and applications,” he added.

In collaboration with Reliance, the Jasper Control Centre platform will enable enterprises throughout India to deliver IoT services that create value for customers and unlock new and recurring sources of revenue for business.

(IANS)

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Reliance Communications (RCOM) forms Agreement with Veecon Media, Sells Reliance Big TV

Reliance Communications formed a MOU with Veecon Media and Television Ltd to sell off its subsidiary Reliance BIG TV Ltd (RBTV) and its entire shareholdings

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Reliance Communications
Reliance Communications sold off its subsidiary RBTV to Veecon Media. Wikimedia.

New Delhi, Nov 6: Reliance Communications (RCOM) on Monday entered into a binding Memorandum of Understanding with Veecon Media and Television Limited, for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct to Home (DTH) services across India, a company statement said here.

Pursuant to the transaction, the buyer will acquire the entire shareholding of RBTV with business on “as-is where-is” basis, along with all existing trade liabilities and contingent liabilities, the statement said.

The existing DTH licence of BIG TV shall be renewed with the submission of the required bank guarantees with the Ministry of Information and Broadcasting by the buyer.

Reliance Communications
Reliance Communications (RCOM) forms Agreement with Veecon Media. IANS.

The transaction ensures that all existing 1.2 million customers of RBTV shall continue to enjoy uninterrupted services. It also ensures the continuity of employment for approximately 500 employees of RBTV.

The transaction will help reduce the liability of unsecured creditors, benefitting all stakeholders including lenders and shareholders of Reliance Communications. The transaction is in consonance with the Reliance Communication’s stated objective to focus on B2B businesses of new Reliance Communications, the statement said.

The culmination of the transaction is subject to the requisite approvals from licensors, regulatory authorities and lenders of Reliance Communications. (IANS)