Reliance Jio's financial unit, Jio Leasing Services, plans to buy $4.32bn worth of telecom equipment for 5G affordability.

Reliance Jio's financial unit, Jio Leasing Services (JLSL), plans to buy telecom equipment, customer premises equipment, and devices worth $4.32 billion (Rs 36,000 crore) from Reliance Retail over the next two financial years, with the aim of making 5G devices more affordable for customers and attracting more subscribers to its network. JLSL, a subsidiary of Jio Financial Services, will operate a Device-as-a-Service (DaaS) model, leasing telecom devices and associated services to customers of Reliance Jio Infocomm.

May 24, 2024
8 Articles