Friday, 19 June 2015

Reliance Jio Media gets provisional MSO license from MIB

Mukesh Ambani’s Reliance Jio has obtained a provisional licence from the I&B Ministry on 17th June, to operate as a pan-India multi-system operator (MSO), under the name- Reliance Jio Media Pvt. Ltd.  This has taken the company a step further towards becoming a nationwide distributor of television channels.  However, the announcement came soon after the I&B Ministry decided to issue provisional licence to MSOs who were keen to operate in DAS phase III.
The Company had applied for a pan-India MSO license in January 2015 with an objective to use its fibre-to-the-home (FTTH) connectivity to offer a bouquet of services to its prospective customers, including television channels, high-speed Internet, telephone and wireless access.
“The ministry of information and broadcasting has provisionally registered Reliance Jio Media Pvt. Ltd as a pan-India MSO and the letter to this effect was issued yesterday. The provisional license is subject to final clearance from ministry of home affairs,” reported a spokesperson of the company.
During the recently held 41st Annual General Meeting (AGM) of the company, the company Chairman, Mukesh Ambani told the shareholders that R-Jio is working to transform all of its bouquet of television channels under Network 18 to establish a leadership position in the market.“Network 18 has 17 news channels, 14 entertainment channels, in eight languages, and a strong set of Internet businesses that will be well positioned to transition to the R-Jio platform. We are working to transform all of these to build and sustain leadership in each of these areas. By 2017-18, it will be the most integrated TV/mobile content in India,” he said.
In the month of February this year, the company had already made two recruitments. K. Jayaraman, the former head of Zee Entertainment Enterprises Ltd, has joined as the CEO of R-Jio Media while S.N. Sharma, the previous head of DEN, was hired in the top leadership team.


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