Key Takeaways
- • Jio Platforms, the Mumbai-based publicly listed unit controlled by Reliance Industries, is in talks with Comcast, Charter Communications and MTN Group over licensing its wireless broadband technology.
- • The discussions explore tech-for-equity arrangements, under which Jio would supply its proprietary connectivity system in exchange for stakes in partner businesses.
- • Jio is targeting 10 to 15 global partners for the platform, according to the report.
- • Earlier talks with South Africa-based MTN Group ended without an agreement due to disagreements over valuation and licensing terms.
Summary
According to a report carried by Venture Intelligence News, citing the Economic Times, Jio Platforms is in discussions with U.S. cable operators Comcast and Charter Communications, as well as South Africa-based MTN Group, about licensing its wireless broadband technology. The talks centre on tech-for-equity arrangements, under which Jio would provide its proprietary connectivity system in return for equity stakes in the partner businesses. The company is targeting 10 to 15 global partners for the platform.
Jio Platforms, which is controlled by Reliance Industries, has developed a proprietary broadband system that operates on unlicensed Wi-Fi frequencies. The solution is designed to deliver high-speed internet to buildings that lack traditional cable connections. Deployment would rely on transmitters placed on towers or rooftops.
Earlier discussions with MTN Group did not result in an agreement. The parties failed to align on valuation and licensing terms, according to the report. The status of the talks with Comcast and Charter Communications was not detailed in the source material.
Jio Platforms, which is controlled by Reliance Industries, has developed a proprietary broadband system that operates on unlicensed Wi-Fi frequencies. The solution is designed to deliver high-speed internet to buildings that lack traditional cable connections. Deployment would rely on transmitters placed on towers or rooftops.
Earlier discussions with MTN Group did not result in an agreement. The parties failed to align on valuation and licensing terms, according to the report. The status of the talks with Comcast and Charter Communications was not detailed in the source material.
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