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Sunday, January 22, 2012

Reliance To Roll Out 4G Services In Second Half Of 2012

Reliance Industries Ltd is planning for its wireless broadband business this year for which the firm has completed field trials with equipment vendors. Reliance is looking for rolling-out the commercial broadband services in the second half of 2012 and is in discussions with cable companies and broadcasters to push content on multiple fourth-generation (4G)-enabled devices. RIL has not yet inked any deal but according to sources, RIL could acquire a significant stake, up to one-third of the equity, in cable companies. There are also plans that the firm will run exclusive content from broadcasters like UTV Software Communications Ltd, Zee Entertainment Enterprises Ltd, and Multi Screen Media Pvt Ltd. It is even looking at getting content from Warner Bros India and regional broadcasters. The firm also plans to release a competitively priced tablet across 700 cities and some ultra-cheap data plans.

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